Salaries for technology professionals in BC continue to rise.
Intermediate to senior software developers and professionals received a 4% increase in salary compared with the same comparative group in 2013. Wages were up 3% for junior professionals over last year.
A junior software developer with typically three years’ experience is paid $71,500 per year, and intermediate professionals with four years’ experience earn $85,700, according to HR Tech Group’s annual BC Tech Salary Survey. Entry level professionals start at an average of $57,000.
“Our tech industry continues to grow,” says Allison Rutherford, Executive Director, HR Tech Group. “Employee attraction and retention continue to be top of mind for HR professionals working at BC tech companies.”
“We continue to see strong performance from the BC Tech sector and expect healthy salary increases for most tech positions,” says Vincent Chow, Partner, Logan HR, a consulting firm with many clients in the BC Tech sector. “The expansion of several high profile high tech companies in Vancouver certainly puts a lot of pressure on upcoming salary increases.”
73% of respondents have determined that they will be providing salary increases in 2015, and are budgeting an overall increase of 3% for lower mainland employees. The remaining 27% of companies reported that they are still contemplating their 2015 salary budgets.
Generally, across all levels of a tech organization, more bonuses were paid out this year compared with 2013 (92% in 2014 compared with 87% in 2013).
Participants in this year’s salary survey included companies from all sizes and tech sectors, including Hootsuite, A Thinking Ape, and Electronic Arts.