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The Dawn of 2020 Was a Boom Time for Tech Salaries

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Technology occupations saw across-the-board wage increases in the U.S., Canada, and the U.K. last year, according to Hired's 2020 State of Salaries Report. The analysis of salaries for software engineers, product managers, DevOps engineers, designers, and data scientists found that tech employees in Austin, TX, and Toronto, Canada, saw a 10% increase in salaries over 2018 levels, the tech world's largest.

Data science salaries rebounded in the U.S. after a decrease in 2018, but were relatively unchanged in the U.K., where product management salaries continued to rise steeply.

With the coronavirus pandemic driving uncertainty, a forward-looking Hired survey of 2,300 tech professionals in the U.S., Canada, France, and the U.K. found that more than half expected a raise of up to 20% in the next six months, while 42% worried about the possibility of layoffs.

From IEEE Spectrum
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