Developers Are Your Most Valuable Assets

Development is not just another business unit; it is often the driving force behind modern companies’ innovation and success. Correspondingly, software developers frequently earn more on average than any other area of the company. According to the U.S. Bureau of Labor Statistics, the median annual salary for software developers in the U.S. is $127,254 – nearly 3x the median annual salary for all occupations of $46,301!^[1] This isn't a fluke; it's a reflection of developers’ growing importance and the specialized skills they bring to the table. 

This trend has been magnified in the post-pandemic era. With an increased need for digitization in companies around the world, the demand for developers has skyrocketed. This volatile market, ever-shifting with technological advancements and evolving organizational needs, has only served to increase the leverage developers have and push compensation packages higher. In addition to this, the growing popularity of remote work has increased competition for developers from a local level to a national or international level. 

Even during challenging economic environments, tech skills remain in high demand. Whether it's a specialized programming language or experience in a trending field like generative AI, these unique skills create a scarcity factor. When demand surges—be it locally or nationwide—companies often find it challenging to find the talent they need and, sometimes, even more challenging to retain the talent they’ve got. 

Why does all of this matter? It underscores the point that developers are some of the most valuable assets that companies have, and they need to be treated as such. They are too important to business outcomes and the bottom-line to be managed by excel sheets and gut feel, and yet that is what often happens due to a lack of suitable solutions. 

This is the problem we are solving with DevClarity: the reality that dev management is hard and is growing in criticality every day. With our AI-powered platform, we are making the lives of dev managers easier so they can manage more seamlessly and effectively. The result is higher productivity and happier developers. Protect your most valuable assets with DevClarity. 

[1] https://www.bls.gov/oes/current/oes_nat.htm#00-0000