Tech, finance and admin workers may see pay raises in 2013
A report from a private staffing firm Wednesday predicted that you may be getting a pay raise next year. That is, if you work in technology, fiance or administration. But it is for the private sector only. Government employees are out of luck.
Demand creates pay raises next year
According to the new 2013 Salary Guides — released by the California-based Robert Half International Management — there are currently not enough highly-trained people to meet the demand for some specialized professional positions. Therefore, a competitive situation exists that could drive up payrolls.
Max Messmer, chairman and CEO of Robert Half International, said:
“A supply and demand imbalance exists for specialized talent within many professional occupations, including information technology and accounting. To attract the best employees, companies must stay up-to-date on compensation levels, including trends affecting their regions and industries.”
As scarce as hen’s teeth
An earlier report by the management consulting firm Hay Group said that, before 2008, raises of 3.5 percent to 4 percent were commonplace. In today’s post-recession economy, they have become as rare as hen’s teeth. According to the Commerce Department, personal income grew only by 0.1 percent in August.
The starting salary for technology workers in the U.S. will go up by an average of 5.3 percent in 2013, says Robert Half International. The firm has been tracking salary data since 1950.
The report said:
“Many hiring managers are struggling to ‘crack the code’ when it comes to finding and keeping the best technology talent. Money may not be all IT employees consider when choosing to join or stay with your firm, but it’s certainly one of their key benchmarks.”
Not many recession-weary IT workers would disagree with that.
Some tech workers can expect even more, says Robert Half International. Mobile application developers, highly in demand, will, in some case, get 9 percent more pay in 2013.
Office administrators and support staff can also look forward to an average of 3.5 percent higher pay. Executive and administrative assistants are in demand. So are customer service and call center managers.
Medical billing coders are in demand in the healthcare industry. They can also look forward to a pay hike.
Financial services jobs
Some finance professionals are looking at making about 3.3 percent more next year. The report noted that financial and business analysts, as well as accountants, are especially in demand.
Public sector workers left out
For federal and other public-sector workers, however, the news is not as promising. Last week, President Obama signed a resolution to continue a salary freeze on public employees for at least the first quarter of 2013. Even if they do get a raise later in the year, according to Brittany Ballenstedt of Nextgov, it will likely be no higher than 0.5 percent.