The report analyzes key software engineering trends around demand, salaries, skills, and preferences, and is based on Hired’s proprietary data from over 366,000 interactions between companies and software engineers.
Key findings include an increase in remote salaries for software engineers across all markets as companies have expanded their talent search worldwide. The data also showed Canada and the U.K. seeing high salary growth, with average salaries catching up to the U.S. to be more competitive.
On the city level, Hired data showed smaller regions also saw higher salary growth versus bigger tech hubs as talent moves to smaller, lower cost of living areas.
“Amid the ongoing tech talent shortage, the demand for software engineers on Hired has doubled, with candidates receiving more than twice the amount of interview requests than in 2020. 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,” said Josh Brenner, CEO at Hired.
“We’ve also seen a leveling of the playing field – companies of all sizes, and not just large or notable ones – now offer highly competitive salaries, especially as they compete for remote talent. For tech job seekers, learning relevant skills is more important than ever and we see specialized skill sets leading to higher demand and salaries.”
Key findings from the report include:
Full stack engineers saw the highest demand: Engineers with full stack expertise received the highest increase in interview requests compared to other software engineering roles on Hired’s platform.
Remote software engineering salaries increased globally: Remote salaries increased across all markets in 2021. The most notable increases were for candidates in markets such as Toronto, Los Angeles, Austin, and Denver, which saw salary increases for average remote salaries between 7-14% year-over-year (YOY).
Companies are hiring more remote software engineers from smaller markets: Software engineers who are open to remote work received 20% more interview requests overall versus candidates who are not. While the San Francisco Bay Area continues to offer the highest salaries on average across all regions, smaller markets have seen higher salary growth last year versus the traditional tech hubs – reinforcing the shift towards hiring remote talent in smaller regions.
Software engineers continue to embrace non-traditional education and upskilling: The number of software engineers who acquire their skills through non-traditional avenues, such as bootcamps and self-directed learning, have steadily increased over the last two years. While 46% of software engineers have a computer science degree, 24% are self-taught, and another 11% learned how to code through a bootcamp program.
Check out the complete report here.