October 3, 2022

  • The market shift has led to layoffs and freezes in the tech industry after two years of intense hiring.
  • New data shows that jobs requiring certain skills saw wage increases this year.
  • Other jobs that require common skill sets have seen pay declines, sometimes significantly.

Compensation in the tech industry has soared to new heights during the pandemic, as Big Tech has seen record stock prices and a surge in demand. did not last. The market is trending downward – and paying with it – but there are still certain skills that can command more compensation than others.

For example, skills in management, project management, and operating systems are still required and have seen a slight increase in average compensation over the past three months, according to New report from Foote Partners, a consulting firm in the technology industry. The data also showed that more than half of technical jobs that require common skills have seen compensation declines in the past three months as hiring, freezes and layoffs in the industry have slowed.

Foote Partners analyzed changes in average pay for 2022, through July 1, by looking at technical staff with approved and uncertified skills. The data showed that more than half of the skills highlighted were paid less in the past three months, with most of the same skills seeing pay declines over the past year.

Skills in web and e-commerce development, messaging and communications, cybersecurity and app development have seen wages drop in the past three months, according to the data. Payment for messaging and communications skills has declined the most over the past year, down nearly 17%. The drop in web development skills came next, dropping by more than 12%.

Many of the less valuable skills in recent months are considered “certified” skills, or those that can be learned in school or through other educational programs. Half of the skills analyzed in the data are “uncredited,” i.e. skills acquired through job experience. Foote partner contract data shows that non-certified skills are more valued and lead to higher salaries.

Tech workers are becoming increasingly dissatisfied with the industry, but David Foot, chief analyst and co-founder of Foot Partners, said compensation is only one aspect of employee morale.

“When you talk to employers, they continue to believe that improper compensation is the reason for their workers’ dissatisfaction,” Foote said. “But when you talk to the workers themselves, they give us completely different answers.”

Foote said worker satisfaction often stems from three things: a “feeling of belonging to their job,” a feeling of “appreciated by their manager,” and a feeling of “appreciated by their organization.”

Foote said that a sense of “value” doesn’t always mean higher salaries, but big tech companies in particular aren’t flexible enough to adapt to employees’ desires.

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