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Tech workers demand high salaries despite hiring slowdown

www2.staffingindustry.com

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Re: Tech workers demand high salaries despite hiring slowdown

#41

Post by blamazon »

pengaru wrote: post #27

I've been casually looking for opportunities on linkedin, and for many of the roles I consider applying to there's >100 applicants according to the linkedin listing. That strikes me as exceptionally high vs. past years when I was shopping around.

On that metric, for postings where the apply link goes to an external page, any user that clicks apply (and is redirected) is counted, even if they don't actually follow through. For LinkedIn easy-apply, the metric is more accurate to actual submitted applications, but there seems to be a lot of users (scripts?) indiscriminately easy-applying to every possible job because it's, well, easy.

Re: Tech workers demand high salaries despite hiring slowdown

#42

Post by mmmBacon »

welder wrote: post #36

Site is unusable from EU. The cookie consent popup has a freaking progress loading bar that reaches 100% after a few minutes only to say it failed to save your cookie preferences.

You’d think by now we’d have our browsers handle some kind of default cookie setting so we don’t have to deal with these annoying pop ups.

Re: Tech workers demand high salaries despite hiring slowdown

#43

Post by Mountain_Skies »

Tech hiring has been broken for a long time and they keep looking to the government to somehow save them from their own incompetence in labor development. The "hiring" pipeline has been highly optimized for finding reasons not to hire a worker instead of finding suitable workers to develop. Each year this optimization gets closer and closer to its final goal of never being able to hire anyone. Meanwhile most companies would prefer to not give raises that keep up with inflation over having talent walk out the doo. They'll happily put themselves at the end of the "hiring" pipeline again where they will once again complain there are no workers despite having let many leave over small amounts of money that inflation adjusted is near zero.

Re: Tech workers demand high salaries despite hiring slowdown

#44

Post by zapataband1 »

Everyone always says that tech doesn't need unions because of the ability to negotiate. Doesn't seem to be working out well for the industry as a whole.

We have basically the same problem as UPS/Auto industry -> no trickle down.

Top 3 auto companies set to make 32 Billion this year. -> 580,000 employees Apple profit is 250 bill -> 164,000 employees

Re: Tech workers demand high salaries despite hiring slowdown

#45

Post by dicriseg »

ryanianian wrote: post #23
Madmallard wrote: post #11

tech workers deserve higher salaries. companies just don't want to pay it. they want you to make as little as possible

> tech workers deserve higher salaries. That's a loaded statement. Salaries are set based on market conditions.

These statements are not mutually exclusive. Tech workers deserve higher salaries for the value they provide. And the market is to some extent manipulated, or we wouldn’t see massive layoffs and massive (and growing) profits. The difference is, tech workers don’t have an analog of layoffs at their disposal. Workers control labor supply of 1, when most companies individually control large multiples of the demand side. That doesn’t mean that workers deserve less.

Re: Tech workers demand high salaries despite hiring slowdown

#46

Post by swalsh »

photonbeam wrote: post #12

Why accept something low now when it will obviously revert back soon

It is not at all obvious it will "revert" back... we had HUGE amounts of people working on bullshit projects that never generated any revenue. Maybe in the previous climate of cheap capital we could afford to do that, but in 2023 capital ain't so cheap anymore. There's very little indication that's going to change.

Re: Tech workers demand high salaries despite hiring slowdown

#47

Post by eikenberry »

pengaru wrote: post #27

I've been casually looking for opportunities on linkedin, and for many of the roles I consider applying to there's >100 applicants according to the linkedin listing. That strikes me as exceptionally high vs. past years when I was shopping around.

I think it is people laid off still trickling back into jobs.

Re: Tech workers demand high salaries despite hiring slowdown

#48

Post by Avalaxy »

pengaru wrote: post #27

I've been casually looking for opportunities on linkedin, and for many of the roles I consider applying to there's >100 applicants according to the linkedin listing. That strikes me as exceptionally high vs. past years when I was shopping around.

From experience I can tell you that 99 of those are Indians without any sort of relevant resume for the job they're applying for.

Re: Tech workers demand high salaries despite hiring slowdown

#49

Post by pizzalife »

yieldcrv wrote: post #18

Where are cybersecurity professionals commanding that salary? Not too long ago that was lesser than SWE? I know plenty of certificate chasing cybersecurity professionals that can barely keep $100,000

>Not too long ago that was lesser than SWE? I know plenty of certificate chasing cybersecurity professionals that can barely keep $100,000

The high-end cybersecurity jobs require zero certificates. Qualifications > Certifications.

If you have actual expertise in red-teaming, proven track-record with discovering CVEs etc, the money is there.

Re: Tech workers demand high salaries despite hiring slowdown

#50

Post by grumple »

ryanianian wrote: post #23
Madmallard wrote: post #11

tech workers deserve higher salaries. companies just don't want to pay it. they want you to make as little as possible

> tech workers deserve higher salaries. That's a loaded statement. Salaries are set based on market conditions.

And sometimes market conditions are "people refuse to work for us for less than 150k".

And sometimes you're in a time a place where laborers are expected to take a greater share of the benefits of their labor.

Actually, the word deserve is probably stronger. I think workers deserve to reap almost all of the benefits of their labor, as opposed to capital or leadership benefitting.

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