When thinking about how your tech salary stacks up in this current hiring environment you’d consider factors like your job title, years of experience, and company size.
In this article we dive into these characteristics in relation to tech salaries based on data from Hired’s 2022 State of Tech Salaries.
Related: Should I Stay or Should I Go? Workers Explore Relocation to Improve Quality of Life, Pay
So, What Do You Do?
If you’re an Engineering Manager, you are paid more than other tech roles across the US, UK, and Canada. The US pays the highest for this role with an average of $196,000 (remote salaries reach $198,000!).
The runner up for highest salaries in 2022 is US Software Engineers with average salaries of $160,469. US Product Managers take third place with average salaries of $157,602.
For those who are not in Engineering roles (Design, Data Analytics, and Quality Assurance), the good news is these positions saw the highest salary increases from 2021 to 2022.
In 2022, salaries for:
- Design roles in the US increased by about 8% to an average salary of $153,005 USD. The same roles in Canada increased nearly 20% to $121,773 CAD.
- Quality Assurance (QA) roles in the UK rose almost 10% to £68,215 GBP.
- Data Analytics remote salaries in the US increased about 8% to $142,565 USD.
How Long Have You Been On the Job?
Years of experience will certainly sway your pay. Generally, working in tech longer correlates with a higher salary.
It may not be surprising that those with more than 2 years of experience saw major salary growth in the US and Canada.
Mid-level (4-6 years of experience) US candidates, in particular, had the greatest salary jump – a $8,000 increase from 2021 to 2022.
Again, excluding very junior level roles (0-2 years of experience), remote salaries across all experience levels also saw increased growth between this year and last at $7-8,000 USD.
Junior candidate salaries (1-2 years of experience) remained steady with little changes compared to 2021 in the US. However, they increased in the UK and for remote roles but decreased in Canada. We might attribute the salary decline to the increase of junior level jobseekers on the platform.
How Big Is Your Company?
It’s easy to assume the largest companies are associated with the highest salaries.
Contrary to popular belief, our data this year found that mid-market sized companies (300-1,000 employees) offer the highest average salaries in the US ($163,623) and UK (£85,312). That means they are passing up SMB (75-300), eSMB (0-75), and even the enterprise ENT (1000+) sized companies.
However, in Canada enterprise-sized companies did pay the highest salaries. While this conforms to that conventional notion, note the pay was only slightly higher.
How Does Your Salary Compare?
Use Hired’s Salary Calculator to see how companies value your experience. The calculator determines salary benchmarks based on real interview requests to help jobseekers like you know your worth.
Say you’re a Software Engineer with 5 years of experience. You’re based in Boston and skilled at Java. Here’s what the output would look like:
Give the calculator a try and see what you could be making with a company on Hired!
We’ve reviewed some common parameters that contribute to how tech earnings might look. Framing what you earn around these trends may lend some insight into how your salary compares in this current hiring environment.
There are a lot more factors to explore including location, benefits, and being remote versus local. Check out the new State of Tech Salaries Report for all of the insights into tech salary trends and some more resources to help you navigate the market.
Source: Talent Acquisition - hired.com