Though the US tech and IT sectors noticed main layoffs in mid-2020 as a result of COVID-19 pandemic, the sectors have recovered many of the misplaced jobs. Even higher, salaries truly rose by 3.6% in 2020, in accordance with Cube.com’s 2021 Tech Wage Report — and can proceed to take action in 2021.

However the wage development accrued to only 52% of tech staff surveyed; 35% noticed flat wages, and the remainder (13%) noticed declines. Those that noticed declines cited a change of employer, layoffs, or company-wide wage reductions as the principle causes — all of them results of the pandemic.

Regional wage developments

Salaries each in California’s Silicon Valley and in Boston rose 2.4%, in keeping with the nationwide common. However they exploded in a number of tech hubs:

  • Charlotte, N.C., noticed a 13.8% rise in wage to $99,691.
  • Orlando noticed a 13.4% rise to $88,598.
  • New York Metropolis noticed a 11.6% rise to $114,274.
  • Austin, Texas, noticed a 9.7% rise to $104,344.
  • Philadelphia noticed a 9.3% rise to $96,512.

Detroit, Phoenix, Houston, Minneapolis, and metro Baltimore-Washington all noticed wage rises of greater than 5%.

Portland, Oregon, noticed a 4.6% drop in salaries to $98,026, whereas Seattle noticed a 2.6% decline in salaries to $106,723. Tampa noticed a 11% decline to $87,809, Columbus, OH, a 0.6% decline to $91,483, and Chicago, a 0.1% decline to $94,581.

Cube notes that the survey pattern in Columbus was fewer than 100 respondents, so the information is just not statistically legitimate however included for continuity with previous years’ reviews.

Copyright © 2021 IDG Communications, Inc.

By Rana

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