Cube: Discover out which tech hub paid a median wage of $126,801 in 2020

For job seekers seeking to earn prime {dollars} for his or her work, the fastest-growing pay bumps aren’t present in Silicon Valley anymore.

AndreyPopov, Getty Photos/iStockphoto

Tech job web site Cube has launched the most recent model of its Tech Wage Report for 2021, with findings together with common salaries rising by 3.6% in 2020 regardless of COVID-19, and Texas persevering with to steal some Silicon Valley thunder as the most well liked new place for tech corporations. 

The info compiled by Cube comes from over 9,000 surveys from job seekers, in addition to job postings, and came upon quite a bit about how job seekers had been feeling in 2020 as properly. Forty-six % of respondents mentioned they felt underpaid, whereas on the similar time 56% mentioned they had been considerably or very glad with their wage, main Cube to consider that COVID-19 has led to staff reducing their expectations. 

SEE: COVID-19 office coverage (TechRepublic Premium)

“If [lowered expectations are] the case, those self same technologists might turn out to be much less glad with their compensation as soon as they really feel the broader financial system has stabilized—which can, in flip, depart them hungrier for bigger salaries, raises, and bonuses in 2021 and past,” the report mentioned. 

Fifty-two % of respondents additionally report having obtained a elevate prior to now 12 months, largely as a consequence of cost-of-living will increase, benefit raises, new roles, and employment modifications. Solely 13% reported a lower in earnings, largely as a consequence of a change in employer, a layoff or a companywide mandated pay lower. Once more, Cube speculates that staff had been prepared to take what they may get in 2020, however “that may absolutely change going ahead, given growing demand and optimism for an financial restoration starting in 2021.”

By way of advantages, distant work choices which are prone to turn out to be the norm weren’t essential, with solely 16% saying it is one in every of their prime two priorities when taking a look at employment choices. The overwhelming majority (80%) mentioned medical insurance was their most-wanted profit, adopted by paid trip days, which had been ranked as a very powerful profit by 41% of job seekers. 

Here is the listing of the highest tech hubs:

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Picture: Cube

And the quickest rising salaries by metropolis:

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Picture: Cube

SEE: Tableau enterprise analytics: Suggestions and tips (free PDF) (TechRepublic)

Lastly, there are the tech occupations with the quickest wage progress: Unsurprisingly, cybersecurity analysts prime the listing with a wage progress price of 16.3% in 2020, adopted by knowledge scientists (12.8% progress), DevOps engineers (12.2% progress), and Tech assist engineers (8.2% progress). These positions could also be seeing the quickest wage progress, however not essentially the highest earnings: These rights are reserved for IT administration, programs architects, cloud engineers and cybersecurity engineers. 

This solely scratches the floor of the 36-page report. Tech leaders who need to know extra about attracting prime expertise, and job seekers looking for the perfect jobs in the perfect locations ought to you should definitely learn the complete report at Cube.

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