Software Engineer Salary Analysis
For those hiring or looking for a career in software engineering, Motion Recruitment’s 2024 Tech Salary Guide is here to help you fully understand the software engineer job market in the United States.
With salary info for 120 job titles and insights about the tech industry not found anywhere else, learn what you need to know about software engineers in today's market before you continue your search.
Tech Talent 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 software engineers. According to research from the Bureau of Labor Statistics, the software field will see an employment increase of 25% by 2032, outpacing the national average. This increasing need has led to a lack of workers with the necessary software engineering skills companies need.
Software Salaries Begin to Stagnate.
With the continued economic uncertainty, Software Engineer salary growth slowed throughout North America, only rising by .1% year-over-year, far lower than the national average of all tech workers at 2%..
However, the low unemployment rate of Software engineer workers shows that the industry should further grow in the future.
Tech Hubs
Blog
One Sheeters
"Those in the software field need to recognize the key skills businesses are looking for in a role and understand what's realistic in the current market. Companies should find unique ways to make themselves competitive but most importantly, make sure salaries offered are keeping up with market demand."
Joe Little
-
Team Manager, Motion Recruitment
