INDIANAPOLIS (Oct. 25, 2022) — Indiana tech companies face a very competitive global talent market that makes it difficult to hire and retain workers. In an effort to ease that issue, so employers can instead focus on innovating and growing, TechPoint has partnered with NFP to develop a compensation and benefits guide entitled, “2022 Total Rewards: Indiana Tech Trends Report.”
The 70-page report focuses on 10 in-demand and growth-oriented information technology occupations in the Indianapolis Metropolitan Statistical Area (MSA).
The report details expected current market salary ranges and benefits as well as outlines the types of health insurance coverage, contribution levels and associated offerings that companies commonly make to give insights that can help them shape their hiring practices.
“Hoosier employers are competing for the same tech workers as Google, Apple, Amazon, Samsung, Microsoft, Netflix and other major technology brands,” said TechPoint President and CEO Ting Gootee. “It’s a hyper competitive talent market further complicated by post-pandemic changes in work requirements and desires, inflation and economic uncertainty. Our local tech leaders and hiring managers need better tools and intelligence to beat the larger brands on the coasts, which have much deeper pockets. We are pleased to offer this guide and other supportive resources to tech employers.”
TechPoint, the nonprofit, industry-led growth initiative for Indiana’s technology companies and overall tech ecosystem, worked with NFP’s Indianapolis office to compile the data. NFP, a global benefits advisory firm, acquired Indianapolis-based First Person Advisors in May, 2021.
“We were happy to work with TechPoint to develop this guide and see it as a great tool in the collaborative effort to inclusively grow the state’s tech sector,” said Megan Nail, vice president of NFP’s total rewards practice. “We see this as a great starting point to giving Indiana tech companies the information they need to compete for top talent at a higher level.”
The guide focuses on base pay and total cash compensation for the following in-demand and growth-oriented tech jobs:
- associate/junior developer
- business/data analyst
- business development
- cloud administrator
- customer relations management/Salesforce administrator
- cyber security specialist
- Information Technology support technician
- product owner
- project manager
- software developer
Companies are encouraged to review the salary and compensation data and incorporate it into their hiring practices. The information is part of an extensive tool kit for Hoosier tech companies that is part of TechPoint’s Mission41K plan, a collaborative effort to inclusively grow the Indiana tech workforce by an additional 41,000 workers by 2030. In addition to the guide, resources in the tool kit include guides to adopt skills-based hiring techniques and information about youth and adult apprenticeships along with TechPoint’s long-lauded career development offerings.
You can find the guide and additional information on the Total Rewards Package site.
About TechPoint: TechPoint is the nonprofit, industry-led growth initiative for Indiana’s technology companies and overall tech ecosystem. The team is focused on attracting talent, accelerating scale-up companies, activating the community and amplifying stories of success. For more information, please visit www.techpoint.org.
About NFP: NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 6,000 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).