Money is a taboo subject that generally, people are uncomfortable talking about it. Whether that’s personal finances, salaries or debts - as a society we tend to hide this information and not discuss it with family, friends, or colleagues.
This perpetuates financial illiteracy and can have ongoing negative impacts on our own attitudes, and how we go about these conversations. In their recent report, Haystack take a look at average salary bands for roles, compared to the expected salary for those roles.
In the software industry at the moment there is a real focus for companies to put emphasis on diversity, equity, and inclusion. In 2022, there is still a gender pay gap, and on average women are paid 90p for every £1 earned by a man. There are pay discrepancies in every industry, however, in tech in 2020 women were on average offered 2.5 percent less than their male counterparts when applying for the same job at the same company.
As well as analysing a database of over 30,000 users and employers to reveal differences in salary expectations, Haystack have also analysed which tech skills, such as cassandra and fastlane, will boost techie’s salaries the most by looking at the demand and supply.
Haystack’s data also provides insights on the most lucrative and in-demand skills, alongside the most common technologies. Including where the gaps in supply and demand in the industry are, and predictions for the future.
They also take a deeper look at why software developers are changing jobs, and when the most popular time to do it is.
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