The salaries for the blockchain developers are back to rise, with an annual pay that has increased by over $ 4,000 in the last six months for those in the higher end. And the rush to embrace the technology of the generalized register is also pushing to pay for related jobs, according to a new report.
The average annual salary for a blockchain developer is now $ 132,000, with skilled workers commanding upwards of $ 176,000 annually when they switch to new organizations, according to Janco Associates, a management consulting firm that leads regular salary surveys and updates your report every two years.
"Wages are on the whole line for all the blockchain roles we have been examining," CEO Jan Janitis Janco told via email.
Previous job reports have estimated the number of open positions of blockchain developers to more than 10,000.
For example, in October, the data analysis company Burning Glass Technologies anchored the number of IT jobs related to the blockchain at 12.006, which at the time represented a growth rate of 316% year on year. In June, Burning Glass reported 5,743 blockchain development work.
In December, LinkedIn put the blockchain developer as the number one emerging job.
Hired, a job recruitment firm, has placed the salary for blockchain engineers as they range from $ 150,000 to $ 175,000 a year; those jobs are now on a par with the artificial intelligence (AI) developers.
In comparison, software engineers earn an average of $ 137,000, according to Hired Mehul Patel's CEO.
"Since the launch of blockchain as an experience on our platform at the end of 2017, we have witnessed the demand for blockchain engineers to increase by 400%," said Patel in a previous interview. "It is interesting to note that the blockchain engineer has not yet consolidated as a stand-alone title, but the blockchain is increasingly being included as a back-end area of expertise, solution architects and machine learning engineers."
Blockchain jobs have also grown, as well programs that train developers and others in blockchain skills. For example, after creating an online course on cryptocurrencies and blockchain business-scale networks, UC Berkeley quickly saw thousands of records.
Most of the wage increases in the last year for IT positions were defensive, Janulaitis said.
"CIOs do not want to lose the talent they have on board and as a result have increased the fees for those positions," said Janulaitis. "The offer and demand work for qualified IT professionals."
Janco has conducted several spot interviews with two dozen CIOs in December. All respondents said they had actively recruited IT professionals for new development and replacements for those who have left in recent months. Friction rates are the highest in recent years, according to the Janco report.
Janco also found that several organizations slowed the hiring process as they work to absorb new hires.
While blockchain development jobs have led others, such as database managers and data scientists, to grow, there are other roles in companies where recruitment is more intense.
The emphasis in recent years has been in both e-commerce and mobile computing, according to Janco. At the same time, with ever-increasing cyber attacks and data breaches, CIOs are trying to strengthen their sites and block access to data so that they can protect all their electronic resources.
Overall, in 2018, there were 79,800 new jobs in the IT sector – 21,000 more jobs than those created in 2017, according to Janco's report.
The average salary for all IT professionals based on Janco's latest salary data is $ 93,077, which is $ 2,628, or 2.92%, higher than the same period last year.
The only negative factor affecting the IT labor market is the recent decline in equity markets and a slowdown in the Chinese economy, the report noted. In addition, technology giants such as Apple, Google and Facebook face the prospect of not slowing growth from international economic prospects and increasing control due to privacy and security issues.
"This could be a damping factor for the growth of the United States IT labor market," Janulaitis said.