Canadian tech got a raise this year.
A recent report from recruiting platform Hired shows that job-seekers are “still in the driver’s seat,” even if it may not feel that way. Hired’s data science team collected and analyzed proprietary data from real interview requests for its 2022 State of Tech Salaries report dubbed “Navigating an Uncertain Hiring Market.”
“While it may appear power in the current hiring climate is shifting to employers, it’s still a jobseekers’ market, according to our survey data,” Hired states.
Hired CEO Josh Brenner believes that currently the onus is “on employers to execute the right strategies to attract, hire, and retain top talent.”
A flexible working solution is critical to attracting and retaining talent, the Hired report reveals, though money still talks. Tech talent got raises across the board in 2022.
Regardless of role or experience, salaries got a bump, according to data from Hired. Remote work—increasingly demanded by top talent—is now seeing an average salary $8,000 higher year-over-year. And if you’re seeking a big payday, don’t sleep on startups.
“For tech talent, moving to a larger company doesn’t guarantee a significantly higher salary,” Hired notes. “Smaller companies became more competitive in 2022.”
As usual, engineer skills remain the most coveted among tech employers.
“Amid the ongoing tech talent shortage, the demand for software engineers … has doubled,” Brenner estimates. “To win top engineering talent, companies have to offer increasingly competitive salaries, flexibility, and most importantly, extend their talent pipelines outside of traditional technology hubs to other regions globally.”
“For tech job seekers, learning relevant skills is more important than ever,” he added, “and we see specialized skill sets leading to higher demand and salaries.”