Wages Are Rising, But Will Your Employer Follow Suit?
With inflation driving up the price of everyday essentials, salaries aren’t stretching as far as they used to, and the cost of living crisis continues to bite.
To give some perspective, in the U.S. average hourly earnings are up 4.6%, year-on-year and remote workers’ are reportedly banking savings of up to $5,000 per year. However the Bureau of Labor Statistics estimates that real average earnings for all employees decreased 0.1% in February.
The only tangible way to counteract this is to increase wages across the board, something tech workers are achieving, despite the headlines surrounding mass layoffs and declining profits.
In fact, recent data shows that 60.9% of tech professionals had an increase in salary between 2021 and 2022, and only 7.5% experienced a decrease.
Meanwhile in Asia, a shortage of skilled tech workers is spurring on the sector—tech jobs make up the majority of job titles that are on the rise in Singapore—as industries outside of tech are looking to digitize their operations.
Know your worth
If you’re yet to feel the benefit of a buoyant market and your employer hasn’t adjusted your salary in the last year, it could be time to negotiate a raise.
For starters, benchmark your current salary against average figures—senior engineers at management level can expect to command a salary of $196,193, those who work in software engineering are earning $160,469 per annum. Those employed in DevOps roles are getting in the region of $156,321 yearly, so you can use this as your blueprint and reference point.
Similarly, choose your timing well and come armed with examples of how you’ve completed tasks ahead of time and under budget or deals you’ve got across the line–getting a raise is as much about tactics as it is about talent.
Sometimes the only way to secure a higher salary is to switch jobs and according to data compiled by Indeed and Glassdoor, more pay is the primary reason employees look for a new job.
This is compounded by the fact that those who change jobs tend to experience higher pay than those who stay put.
If this is the case and you’re ready to start your search, the Techwire Asia Job Board is the perfect resource. It’s filled with thousands of jobs across the U.S. and Asia Pacific, like the three below.
Weave Design System Architect, Autodesk, San Francisco
The Design System Architect will help design, strategize, organize and communicate the Weave Design System, a collection of standardized design patterns and reusable UI components which allows the teams at Autodesk to create and build cohesive digital experiences. As such, you’ll be responsible for developing the design and framework of the current system into a comprehensive, accessible set of reusable patterns to be used by all Autodesk products. This will range from hands-on design to evangelism, from mapping user flows to presenting to leadership. It requires a system thinker with a strong familiarity with Autodesk’s product offerings, and a unique ability to work across disciplines and collaborate effectively. View more details here.
Engineering Manager, Android Applications, Adobe, San Jose
Are you an experienced leader with a passion for building products on the Android platform? Adobe is hiring an Engineering Manager to lead and strengthen a team of hardworking, high-impact engineers creating innovative features for the Adobe Scan Android application. In this role you’ll provide technical guidance and prioritization to support and unblock the team, lead your team through the entire development life cycle, from analysis to delivery, identifying risks and opportunities, and ensuring clarity to senior leadership, and hire outstanding talent. Applicants should have a Bachelor’s or Master’s degree in computer science, a minimum of eight years’ experience in software engineering and a minimum of five years’ experience leading software engineering teams. See the full job description here.
Product Support Engineer, Product Liability and Field Performance
Tesla is seeking a Product Support Engineer to join its team in Palo Alto, California. This role pays special attention to vehicle accident investigations and customer claim investigations where safety systems, automated features, or vehicle behaviors are in question. As such, you will investigate and respond to field incidents involving Tesla vehicles, generate incident reports detailing the operation and expected performance of the vehicle’s systems, and provide guidance to service centers in responding to customer concerns. To apply you should have experience in mechanical, chemical, mechatronics or automotive engineering and programming skills including Visual Basic, Python and MATLAB is preferred. Get more information here.
For thousands more opportunities across tech in the U.S. and Asia Pacific, visit the Techwire Asia Job Board today
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