Tech

Report: Tech workers command higher salaries as competition mounts

Cloud architects, data scientists, and ML experts are all in high demand.
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Francis Scialabba

· less than 3 min read

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With the “Great Resignation” and historically low unemployment claims in the US, hiring and retaining employees has become difficult for US employers of all stripes.

That said…Things have become particularly tricky for those looking to lure or hold onto tech workers, the Wall Street Journal reports. Cloud-computing architects, data scientists, and ML experts are all in higher demand than a PS5. Per Mondo data cited by the WSJ…

  • Cloud architects commanded up to a 25% pay increase between 2020 and 2022, and software engineers netted 11% increases during that time.
  • One software engineer told the WSJ that some hiring managers are offering recent grads six-figure compensation packages, up from $70K–$85K pre-pandemic.

Zoom out: This phenomenon could be more acute outside of Silicon Valley itself, due to the rise of remote and hybrid work. In March, HR Brew reported that tech recruiters outside of the Bay Area are facing strong competition and rising salary expectations as tech work spreads from its epicenter.

"The thing that’s made [recruiting] a bit more difficult is the level of salary inflation that’s crept into the non-Valley” markets, Paul Wallenberg, senior director of technology services at the recruiting and staffing firm LaSalle Network, told HR Brew. “What we’re seeing is basically a 40% premium when comparing current ranges against pre-Covid salaries [for tech workers].”

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