Others, however, believe it is more of a talent issue. That is, demand among companies to obtain and keep the best employees is pushing salaries up. But talent is the biggest issue. Rob McCord, president of the Eastern Technology Council in Wayne, agreed. His belief is that cost of living in the Philadelphia area is no different than it is in other areas.
Competition is the greatest driver.
If you're trying to hold onto one of the best software engineers you have, you may have to bid up 5 or 10 percent. Salaries are higher than the national average, but they should be as we're a Northeastern city with a vibrant technology community. Competition is fierce. Our clients are willing to 'buck up' and pay top dollar for those people. Gallagher's firm is working on filling approximately 35 engineering-related positions for six locally based clients.