It’s no secret that IT professionals are enjoying a stunning demand for their services. The question foremost on IT managers’ minds, though, is how high software developers salaries can rise, and continue to put pressure on budgets, product launches, staff turnover, and even the bottom line.
According to recent surveys, the answer, unfortunately, is: Very high.
In Robert Half’s 2014 salary survey, 4 of the top 5 spots, due to rising from 4.3% – 7.8%, are for software developers and UX designers. Median salaries of reasonably senior people are already more than $100,000 U.S. Engineering salaries are already changing startup funding – raising the size of some rounds, forcing some companies to push off non-engineering hires like business development or marketing – and leading to incentive wars, increased poaching, mismatches of experience to role, missed launch dates, and more.
Have a story about the recent hiring of software developers? Do you have strategies or solutions to this challenge?
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