You're (Probably) Underpaid If You're in Tech
Turns out that if you are a tech worker, you're probably not getting paid what you should.
Paysa, a platform that uses artificial intelligence to deliver personalized career and hiring recommendations and salary insights, released a study that shows more than one-third of tech workers are underpaid by 10 percent or more and the pay gap appears to be significant.
With an average salary for a software engineer at $112,000 (U.S.), that translates into a minimum of $11,200, per person, per year in lost wages. The research also indicates that within six months, seven percent of all tech and engineering workers will be due for a promotion with a salary increase of $17,756 on average.
“In 2017, the shift in power from the employer to employee will accelerate, tipping the scales in favor of the employee - at least in the technology sector,” said Chris Bolte, CEO of Paysa. “Data transparency and awareness around salaries, career advancement, available jobs and other compensation and benefits will drive this shift. As we enter into the season of year-end reviews and salary raises, employees should be armed with the knowledge of what they are worth, so they can be empowered to go get what they deserve either at their present employer or at a new company.”