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Tech job salaries still rising, despite layoffs - Phoenix Business Journal

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Tech workers still have the upper hand. Higher salaries aren't all they want.

Darron said entry-level salaries are significantly higher than just three to four years ago. Some software engineer roles are paying 50% more than they were a few years ago.Brenner said the rise of remote work has forced salaries higher globally as companies expand their talent pools and candidates are able to pursue jobs outside of their metro areas.— a trend that's accelerating.

Meanwhile, an exodus of tech workers from the largest hubs drove up tech salaries elsewhere, with salaries rising 12% in Philadelphia, 11% in Dallas and 11% in Denver. WeTech workers in Atlanta are getting the best bang for their buck of the 17 cities analyzed, with workers there earning the highest average salary when accounting for cost of living. Making $176,000 in San Francisco would be the equivalent of making $223,729 in Atlanta, for example.

Hired's research found 32% candidates are pursuing remote-only roles compared to just 18% earlier this year. Brenner said best practices in this environment include being responsive to what's important to employees. That certainly includes remote flexibility, but Brenner said staying the course on DEI initiatives and a shift toward more efficient growth are also recommendations.

“If there’s a north star in this tumultuous time, it’s that companies must be nimble when it comes to hiring,” Brenner noted.

 

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