Tech Jobs Windows

Tech salaries on the rise globally

Research from Hired.com has found that tech salaries are on the rise but, despite the increase, employees don’t believe their pay will keep pace with the cost of living crisis.

A new report from tech-focused recruiting marketplace Hired.com has found that over the last two and a half years, there has been a global increase in salaries across nearly all tech roles.

According to Hired.com’s 2022 State of Tech Salaries: Navigating an Uncertain Hiring Market report, salaries for tech candidates remain at an all-time high, with remote salaries outpacing local salaries in most markets. This has primarily been driven by the growth in salaries of professionals with three or more years of experience.

However, this wasn’t the case for all job roles in the technology sector. Hired.com’s data found that salaries rose globally across almost all roles except product management, while engineering management roles still pay the highest among tech roles across the US, UK and Canada.

These findings are based on the analysis of more than 907,000 interview requests over 47,000 active positions advertised on Hired between January 2019 and June 2022.

Although the findings are a source of good news for experienced tech workers, the data was less positive for graduates or people looking to transition into the tech industry. Hired found that although the number of companies seeking to hire remote junior-level talent has grown, local salaries for junior-level candidates have failed to grow as quickly as salaries for professionals with more years of experience.

Globally, if a candidate wants to earn a top tech salary, it will most likely be found in the US, where salaries are highest. The UK had the lowest average tech salaries globally.