Tech workers demand high salaries despite hiring slowdown
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Tech workers demand high salaries despite hiring slowdown
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Re: Tech workers demand high salaries despite hiring slowdown
#2> Their demands come even as wage inflation appears to have hit a peaked, the report said.
Does this reference a tech sector-specific wage inflation?
Re: Tech workers demand high salaries despite hiring slowdown
#3I've found the issue isnt high performing engineers, they're gonna get paid.
The issue is middling engineers and junior engineers where before they would expect a 130k-150k salary in a tier 1 city, those offers are gone.
Re: Tech workers demand high salaries despite hiring slowdown
#4Meanwhile: "In November, Jay Powell, the chair of the Federal Reserve, said the labour force was 3.5mn workers shy of pre-pandemic forecasts. He said 2mn of the shortfall could be due to more people retiring early."
and
"Long-term demand for tech talent is not expected to abate. Based on its digital ambitions the EU alone wants 20mn technology specialists, which compares with the 9mn it had in 2021."[1]
Seems like the layoffs have been mostly a short-term reaction to the shock of the pandemic era coming to a close. Long-term, we'll soon be back to the steady drumbeat of tech worker shortages.
[1] https://www.ft.com/content/b1b710a1-6d12-43e5-8508-ae4584a72...
Re: Tech workers demand high salaries despite hiring slowdown
#5> Their demands come even as wage inflation appears to have hit a peaked, the report said. Does this reference a tech sector-specific wage inflation?
YoY price inflation (cpi) was 3.7% in August. The fed does not think price inflation is under control by any means.
Wage inflation will only peak if workers roll over and let employers take advantage of them.
Re: Tech workers demand high salaries despite hiring slowdown
#6> Their demands come even as wage inflation appears to have hit a peaked, the report said. Does this reference a tech sector-specific wage inflation?
It’s literally propaganda.
Re: Tech workers demand high salaries despite hiring slowdown
#7The number of two-years-of-experience engineers with middling React skills who are demanding a six figure salary, plus additional comp, continues to astound me.
I stopped making reasonable offers to them. It was always a waste of time. We just move on now.
Re: Tech workers demand high salaries despite hiring slowdown
#8I've found the issue isnt high performing engineers, they're gonna get paid. The issue is middling engineers and junior engineers where before they would expect a 130k-150k salary in a tier 1 city, those offers are gone.
I don't know how the folks just starting out are finding jobs. Seems like no one wants to hire juniors anymore unless it's for pennies and they can work you to the bone.
Re: Tech workers demand high salaries despite hiring slowdown
#9At least in Europe the companies have huge issues finding enough suitable junior engineers, because there are less and less young people. At some point more engineers will retire per year than young ones entering the job market. It looks like the traditionally low salaries for SW engineers in Europe are finally growing a bit.
Re: Tech workers demand high salaries despite hiring slowdown
#10What slowdown is this? First I’m hearing of it. Author might need to separate imagination from reality.