The tech industry has been growing at an unprecedented rate over the last several years, with the emergence of Silicon Valley and the Pacific Northwest as tech hubs in the United States. Along with this trend, we have seen the tenure of IT professionals lengthen as the market heats up.
The number of IT professionals who have been in the industry for 1 to 3 years has decreased by 22% since 2013, according to our latest Inside Technology Report. With that, we saw a 25% increase in professionals who have been in the industry for 3 to 5 years and a 90% spike in professionals hitting the 6 to 10 year mark.
As the market matures and more professionals are entering it, we are bound to see consequences in some areas. 36% fewer professionals cited receiving a pay increase between 6 and 10% of their base salary, but 60% of full-time IT professionals indicated that they will see only up to 5%. Read more about IT trends in the 2014 Inside Technology Report