SEATTLE, WA--(Marketwired - Jul 8, 2016) - Today, PayScale, Inc., the leader in cloud compensation data and software for businesses and individuals, released the Q2 2016 PayScale Index which tracks quarterly and annual trends in compensation and also provides a U.S. national wage forecast for the coming quarter. In the second quarter of 2016, U.S. annual wage growth was largely positive with national quarterly wage growth of 0.5 percent and annual wage growth of 2.5 percent. Wage growth has been experiencing a slight uptick in recent quarters in the U.S. and growth for data-focused jobs has been particularly strong. The PayScale Index predicts overall US wage growth in Q3 may dip slightly, but is still anticipated to be up 1.6 percent from the previous year.
"Annual wage growth for IT jobs has actually been slightly below the national average in the first half of 2016," said Katie Bardaro, VP of Data Analytics and Lead Economist at PayScale. "However, as more organizations use increasing amounts of data, data-centric jobs are in high demand and appear to be driving wages up in the technology centers such as Seattle and San Francisco."
Key findings in the Q2 2016 PayScale Index
To view the entire interactive Q2 2016 PayScale Index which reflects wage trends across various industries, job categories, company sizes and major metros, please visit: http://www.payscale.com/payscale-index.
About The PayScale Index:
The PayScale Index follows changes in total cash compensation for full-time, private industry employees in the U.S., Canada and the U.K. The PayScale Index also includes:
For more information on The PayScale Index, please visit the methodology and FAQ pages.
About PayScale:
PayScale powers compensation solutions in the cloud to provide immediate visibility into the right pay for any position. Creator of the world's largest database of rich salary profiles, PayScale offers modern compensation software and real-time, data driven insights for employees and employers alike. More than 5,000 customers, from small businesses to Fortune 500 companies, use PayScale Benchmark™, PayScale Insight™ and MarketPay. These companies include Dish Network, Getty Images, Skullcandy, Bloomberg BNA and Time Warner. For more information, please visit: www.payscale.com or follow PayScale on Twitter: http://twitter.com/payscale
Contact Information:
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Phyllis McNeice
Email: phyllis@fireflycmns.com
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