2022 state of Tech Salaries.
"While the Great Resignation defined 2021, 2022 is to be determined.
Earlier this year we saw aggressive hiring in response to attrition and ambitious goals. More recently, we’ve witnessed uncertainty, volatility, and contradiction.
At a macro level, we face a potential recession, coupled with significant tech hiring freezes and layoffs. Yet despite this turn of events, the hiring market remains cautiously optimistic. In the US, for example, the unemployment rate is at a pre-pandemic low, inflation is cooling, there is a steady stream of job openings, and many companies need help finding top talent. Salaries continue to climb in the UK and Canada postpandemic as well.
Employers continue to hire remote employees and enter new talent markets. In contrast, some high-profile companies have moved toward return-to-office policies, despite resistance from the majority of workers.
So as the winds shift towards an economic slowdown, will the pendulum swing more in favor of employer demands? Hired’s survey data tells us that while there is some sentiment of a power shift to employers in the next six months, the majority of candidates are considering leaving their current role."
