There are a lot of jobs that are in strong demand, and these jobs often get large pay raises because of that demand.
While many companies give raises that are just a couple of percentage points, these jobs are set to go up much more than that in 2024.
As the US labor market continues to favor specialized skills and expertise — particularly in fields that are critical to the economy — ResumeGenius is seeing pay for legal, financial, and software professionals reach historic levels.
In the legal field, lawyers and clerks are handling more cases and billing more than ever, and clients are paying record sums for new work.
Despite the rise of AI and the impact of the 2023 layoffs at large tech firms, there continues to be strong market demand for talented software and web developers across the economy, which is naturally driving wage growth. The Bureau of Labor Statistics predicts a 16% employment growth for web developers between 2022 and 2032, rapidly outpacing the national average.
In finance, 2023 marked the highest increase in base pay for the industry in a decade, as employers use higher salaries to retain top talent and fill vacancies—little wonder there was a 26% surge in new applications last year.
Overall, ResumeGenius believe that as technology continues to evolve and the demand for legal and financial services remains high, it’s likely that these professions will continue to experience significant pay growth
Judicial Law Clerks and Lawyers
These are highly skilled professionals who are badly needed in every area of the country. In 2022, the last year for which data is available, these jobs had an average pay raise of 11%, and there were more than 40,000 vacancies.
Software and Web Developers, Testers, and Programmers
This is another type of highly skilled position that’s highly sought after. These jobs saw a pay increase of about 10% in 2022, and there were almost 180,000 vacancies for these positions.
Financial Analysts and Advisors
With a rise in pay of about 10% and an average salary of more than $116K, these jobs are lucrative and growing. The vacancies totaled more than 61,000 jobs, giving job candidates a lot of power.
Fitness and Recreation Workers
This isn’t a high-paid career path, but it is seeing some of the biggest pay raises of any position. They’ve gotten pay raises that average 9%, and the 130,000 job vacancies give applicants a lot of choices.
Database and Network Administrators and Architects
Tech jobs are always looking for qualified workers, and they often see massive pay raises. These jobs have seen pay raises of 8%, and more than 40,000 jobs are available.
Passenger Vehicle Drivers
The pay for these jobs only averages at about $42K, but the pay raises have averaged at 7%. Between the pay raises and the more than 130,000 positions available, many people are turning to driving as a carer.
Sales Representatives in Wholesale and Manufacturing
People in these positions have seen pay raises of 7%, making the average salary more than $83K. The job vacancies in this sector have grown to about 148,000.
Computer Support Specialists
These are steady jobs that have pretty good pay and a high rate of pay raises. The pay has gone up by 6%, and the profession has seen more than 66,000 vacancies for qualified workers.
Healthcare Support Occupations
With the medical industry being so strong, it’s no wonder that support occupations are big and getting bigger. They’ve seen an average pay raise of 6%, and there are almost 250K vacancies.
Designers
Various things need to be designed, and an experienced designer is needed for these roles. This career has an average salary of about $56K, and the pay has risen by 6%.
Truck Drivers and Sales Workers
There has been a shortage of drivers and other workers to fulfill these roles. With an average pay raise rate of 6% and almost 450,000 jobs open, it’s a great career to get into.
Healthcare Practitioner Support Technicians and Technologists
These jobs are always sought after, and the pay averages at about $89K. These professions have an average pay raise of about 6%. There is always a market for these jobs, and the pay is only expected to increase.
Healthcare Diagnosing or Treating Professions
Doctors, nurses, and physician assistants consistently earn high salaries and have plenty of opportunities open to them. They’ve seen a pay raise of 6% for an average salary of almost $90K.
Therapists
The world needs its therapists, and there is no shortage of patients to go around. This job is in big demand, and it pays an average of about $88K. The average pay raise has been about 6%.
Metal and Plastic Machine Workers
The average pay for these jobs is about $47K, but those salaries are growing. In 2022, the average pay raise for these positions was about 5%. There are almost 100K job vacancies.
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