Tech Salaries Are More Than Double Average Pay in 2015 As The Industry Continues To Grow
A recent study conducted by the Computing Technology Industry Association (CompTIA) revealed that tech salaries are now hitting its peak, more than double average pay. The Cyberstates 2016 report also showed a positive growth in the tech industry, especially the four largest sectors of tech manufacturing: measuring and control instruments, semiconductor, electronic components, and computer and peripheral equipment.
The average tech industry wage in 2015 as reported was $105,400. That amount is more than double the average private sector wage of $51,600. That settles the technology industry as a major driving force in the U.S. economy, as the income accounts for approximately 7.1 percent of the country's overall GDP. The amount is also making up as much as 11.6 percent of the total private sector payroll.
The same report published at the CompTIA website also revealed that in 2015 alone, the tech industry added nearly 200,000 net jobs. In total, the industry employs more than 6.7 million people. CompTIA president and CEO Todd Thibodeaux noted that the huge level of ongoing innovation in the tech industry has made technology more affordable and accessible to more users. It has also triggered encouragement among tech workers and associations about growth prospects for 2016, and even beyond.
Furthermore, the association also explained the vast growth in the tech industry. "Much of that growth can be attributed to the current trends in cloud computing, mobility, automation and social technologies that area reshaping businesses large and small," said CompTIA's senior vice president of research and marketing intelligence, as quoted by WTOP. "Momentum behind the Internet of Things continues to grow while the critical importance of cybersecurity shows no signs of abating," he added.
According to TheVarGuy, the report also alludes to the growing need for IT consultative services. Organizations across sectors, even outside the technology or IT sectors are beginning to recognize that building digital workflows requires a new approach to software and equal attention paid to all layers of the stack, urging them to hire IT consultant.
The number of job gains differs among states in the U.S. The largest jobs gains, with more than 59,500 gains was shown in California. The number shows that California remains the most prominent place for the tech industry in the U.S, followed by New York with more than 15,500 new jobs, far below California. Texas, Massachusetts, and Florida are also among the states with significant tech job gains last year.
The recent report by the CompTIA concluded that the tech industry is in a rapid-growing pace last year, as wages soared and new job gains increased. The revelation brings optimism about the industry's prospects in the years to come.