Data Engineer Salary Analysis
With salary data for over 120 job titles across tech and expert trends and insights, Motion’s 2024 Tech Salary Guide is what Data Engineers need to fully understand the current job market.
While Data Engineering salaries grew 2% year-over-year, download Motion’s 2024 Tech Salary Guide today to learn how data engineers and the rest of the IT community are dealing with the current challenges and opportunities in the tech industry.
Tech Talent Shortage Continues to be in High Demand,
Even with layoffs at the start of the year, businesses in the United States are still constantly looking for top data engineer talent.
In fact, the Bureau of Labor Statistics estimates a 35% increase in data jobs, over the next 8 years, but only a fraction of that is mirrored in the estimated talent pool to increase supply. This increasing need highlights the lack of workers with the necessary data science skills companies need. This increasing need for data engineers has led to a lack of workers with the necessary data engineering skills companies need.
Data Engineer Salaries Growth Stabilizes.
With the continued economic uncertainty, Data Engineer salary growth slowed throughout North America, rising only 2% year-over-year, on par with the national overall tech salary increase.
However, the low unemployment rate of Data Engineer workers shows that the industry should further grow in the future - especially with over 18,000 open data jobs to fill at any moment in time.
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One Sheeters
"With newer industries like autonomous tech raising already high demand for data talent, companies need to offer above-market pay rates and great work/life balance. Hiring managers may have to prioritize “needs” vs. “wants” and be flexible when it comes to hiring the specialized talent they need to complete projects on time."
Sally Leung
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Executive Team Partner
