These days, keeping up with compensation ranges for skilled tech employees can be a daunting task. In order to recruit and retain these talented individuals, you’ll need to offer competitive pay. But how much is enough? Payscale has the technology industry salary data and compensation software you need to stand apart in this competitive market.
The technology industry has been a competitive industry for a long time. Compelling salary offers and total rewards packages are essential to attract talent in a competitive job market.
In a hot job market, you have to think about pay equity. The talent you are most anxious to keep is also the talent you are most likely to lose if your employees' pay doesn't keep pace with their peers.
The technology industry is investing in more technology and seeing emerging and hard-to-price analytical and IT jobs as a result, with the need for unique market data insights to compensate hot skills.
Following the pandemic, employees want to be able to work from home at least some of the time. IT businesses are now having to consider location-based pay strategies that can accommodate remote work.
Payscale gives you access to current salary data that you can cut any way you like it — even by competitors! — so you can make pay decisions right now.
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The Payscale Index is publicly available data that tracks and compares wage growth by city, industry, company size, and job category. The Payscale Index draws from Payscale's Employee Reported data which includes a salary data cut specific to the finance and insurance industry.
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Payscale analyzes which positions job seekers were most eager to research salaries for in the 2021 calendar year and ranked the top ten with additional data and insights on the fastest growing jobs by wages and guidance around compensation planning.
Payscale’s annual Compensation Best Practices Report (CBPR) is the largest survey dedicated to compensation, gathering information from thousands of respondents with data cuts by industry, performance, and organizational size.