Ready to quit your job in 2019? You’re not alone. Plenty of tech pros are looking to find a new job with a new employer, and have clear reasons for why they’re jumping ship.
No big surprise: Most want to quit because they don’t feel they’re making enough. Around 68 percent of respondents to the 2019 Dice Salary Survey say they want to find a new job to make more money. Specifically, 70 percent of tech pros would take the same job with a different company – a totally lateral move – for as little as 15 percent more money. Only 17 percent of tech pros were offered a raise as a “primary motivator” in 2018.
Since 2012, salary satisfaction has been in decline among tech pros. Save for 2015 and 2016, when the number of tech pros who were happy with their pay ticked up one percent each year, the overall trend has been negative. In 2018, only 48 percent of respondents said they were happy with their pay level; this is the lowest it’s ever been, and the first time we’ve seen salary satisfaction dip below 50 percent. It’s also the sharpest decline year-over-year (four percent) since we began tracking this metric in 2012.
Interestingly, the percentage of tech pros who feel good about their job prospects nearly matches the decline in salary satisfaction: 63 percent of tech pros say they are confident in finding a “favorable new position” in 2019, a three percent increase over last year.
Meanwhile, 47 percent report they’re looking for a new job because they want “better working conditions,” and an additional 34 percent say their main driver for finding employment elsewhere is “more responsibility.” While not a binary conclusion, it would be reasonable to assume a large chunk (if not all) of those looking for “more responsibility” are also looking for more money.
More money isn’t always the answer, however. The 68 percent of tech pros who want more money also make the least of those respondents who report they’re looking for new jobs; their average income of $80,920 is far below the average tech pro income of $93,244, so the desire for a higher salary is understandable.
And 22 percent of respondents report they anticipate losing their job in 2019, which is causing them to seek new employment. That segment makes $100,675 per year, on average.
When considering a new job, there are two big factors in play: your skillset, and the perks. We’ve found time and again that ‘upskilling’ is the best path forward for earning more. It provides quantifiable value to your career and employer(s), so we highly suggest taking a hard look at your skillset before considering any new job.
Perks are also critical, and may be a huge driver towards professional happiness. If you weren’t afforded a raise, but were allowed to work from home more or take additional paid time off, it might help you enjoy your work in a different way.