Nik Veerachat’s Post

MEDIAN IT SALARY RISES TO $145,000 June 19, 2024 The median salary for IT professionals rose 3.6% to $145,000 in 2023, according to a new report by InformationWeek. Most, 78%, received a raise, but while a majority are satisfied with their jobs, overall satisfaction edged down from the previous year. The survey found that 56% of IT pros are either “satisfied” or “very satisfied” with their total compensation. And more than half, 59%, are satisfied with their overall job. However, both figures are down from year-ago levels of 61% and 62%, respectively. A majority of IT professionals, 58%, also said they are unlikely to seek employment in the next year, according to the report. Still, for those who might look for a new job, 64%, the driving force behind their job search would be higher pay. Also, despite being satisfied with their jobs, more than half of respondents rated their stress as a 6 or higher on a 10-point scale. Feeling overworked has the most negative impact on mental health, cited by 42%. The survey includes responses from 500 information technology professionals employed full time in the US across more than 33 industries including consulting, financial services, banking, manufacturing, healthcare, IT services, education and government. #jobs #employment #laborforce #work #unemployment #informationtechnology #compensation

MEDIAN IT SALARY RISES TO $145,000 June 19, 2024 The median salary for IT professionals rose 3.6% to $145,000 in 2023, according to a new report by InformationWeek. Most, 78%, received a raise, but while a majority are satisfied with their jobs, overall satisfaction edged down from the previous year. The survey found that 56% of IT pros are either “satisfied” or “very satisfied” with their total compensation. And more than half, 59%, are satisfied with their overall job. However, both figures are down from year-ago levels of 61% and 62%, respectively. A majority of IT professionals, 58%, also said they are unlikely to seek employment in the next year, according to the report. Still, for those who might look for a new job, 64%, the driving force behind their job search would be higher pay. Also, despite being satisfied with their jobs, more than half of respondents rated their stress as a 6 or higher on a 10-point scale. Feeling overworked has the most negative impact on mental health, cited by 42%. The survey includes responses from 500 information technology professionals employed full time in the US across more than 33 industries including consulting, financial services, banking, manufacturing, healthcare, IT services, education and government. #jobs #employment #laborforce #work #unemployment #informationtechnology #compensation

Was I turned down for a role due to better candidates or because of salary? Source: https://lnkd.in/gfSx9YUh Did you miss out on a job opportunity due to salary constraints rather than qualifications? Tired of being undervalued by big companies offering low pay despite their massive profits? Check out this Reddit post detailing one candidate's experience with a major Australian company. Is this a common issue in the job market today? #jobsearch #salarynegotiation #companyvalues #employmentopportunity

More people are looking for a new job, and they have high salary expectations. The lowest average pay people would be willing to accept a new job reached $81,822 as of March, a new series high since 2014. And it’s a big jump from November, when respondents said they’d need an offer of $73,391, on average, to take a new job. That’s according to the Federal Reserve Bank of New York’s latest consumer expectations survey, which is fielded every four months. For comparison, the typical full-time U.S. worker earns a median $60,000 per year, according to Labor Department data. But to live comfortably by traditional budgeting advice, the average person needs to earn upwards of $89,000 — closer to the latest data on salary expectations — according to a recent analysis from SmartAsset.

Traditional employer: "You will receive a salary increase of 2-4%." New or clever employer: "You will receive a salary increase of 15-20%." Employers, listen up. Don’t punish loyal employees. Don’t take them for granted. You don’t realize their worth until you lose them. Take care of them. They are treasures that you don’t find easily. Don't give them a reason to look elsewhere. Pay them what they are worth. Isn’t that a WIN-WIN? If you don't, another employer will. Skilled employees will always find better opportunities. And I promise you, it will cost you MUCH more to replace your existing staff than to retain them. #culture #jobsearch #jobs #jobseekers #careers Source Linkedin

As a TA, I speak with candidates across the market, and there's always a salary expectation when considering a new role. Recently, I've noticed a trend where salary expectations are often disproportionate to an individual's billing. While salary is important, especially in today's climate, recruitment is commission-based, and this should be a key focus for driven individuals. Recruiters manage salary expectations not to save money, but to ensure alignment with the company's pay structure, preventing unproven hires from out-earning proven team members. Additionally, higher salaries create high expectations, which can set someone up to struggle if they're not yet ready. Everyone has their own opinion on salary, but I'd be interested in hearing your thoughts on whether recruiters prioritise base salary or earning potential and growth opportunities. #recruitment #Salary #Eamesgroup

More people are looking for a new job, and they have high salary expectations. The lowest average pay people would be willing to accept a new job reached $81,822 as of March, a new series high since 2014. And it’s a big jump from November, when respondents said they’d need an offer of $73,391, on average, to take a new job. That’s according to the Federal Reserve Bank of New York’s latest consumer expectations survey, which is fielded every four months. For comparison, the typical full-time U.S. worker earns a median $60,000 per year, according to Labor Department data. But to live comfortably by traditional budgeting advice, the average person needs to earn upwards of $89,000 — closer to the latest data on salary expectations — according to a recent analysis from SmartAsset.

Salary Growth Trends: What Job Seekers and Employers Should Know Recent data from SEEK indicates a notable slowdown in advertised salary growth, with average salaries rising just 3.7% in the year ending August, down from 4.4% in the previous quarter. Key insights to note👇 💼 Employer Advantage With more candidates applying for fewer jobs, employers now have greater options and flexibility when it comes to salary offers. As a result, job seekers may need to reassess their salary expectations. 📈 High Application Volumes Some job ads are experiencing unprecedented numbers of applicants. If you're overwhelmed by the volume and need assistance sorting through applications, we can help! 👋 Get in touch at: https://lnkd.in/gmKPVXBQ

More people are looking for a new job, and they have high salary expectations. The lowest average pay people would be willing to accept a new job reached $81,822 as of March, a new series high since 2014. And it’s a big jump from November, when respondents said they’d need an offer of $73,391, on average, to take a new job. That’s according to the Federal Reserve Bank of New York’s latest consumer expectations survey, which is fielded every four months. For comparison, the typical full-time U.S. worker earns a median $60,000 per year, according to Labor Department data. But to live comfortably by traditional budgeting advice, the average person needs to earn upwards of $89,000 — closer to the latest data on salary expectations — according to a recent analysis from SmartAsset.

76 people have liked this comment I posted on Matt Bonacci's post regarding a recruiter telling him there was a lack of talent in the market.. This was my comment: "I don't think there's a lack of talent, there's a lack of willingness from a lot of companies to look outside of their 'perfect' candidate or pay enough money to secure someone decent" I just wanted to expand on it a little more in a post of my own to address this myth that there are simply no talented people around!! 👉 Lack of hard skills and lack of talent aren't the same. Hard skills are technical abilities/knowledge. A company may indeed be struggling to find someone with all of their desired hard skills - perhaps they've been too specific or inflexible on what they'll shift on but that doesn't mean there aren't talented people out there who could learn. 👉 Salary. Let's bear in mind that minimum wage for a 37hr week age 21+ now sits at just over £22k per annum. If a company want skills, experience, commitment & loyalty... the salary must reflect this. There's no getting away from the fact that money is important to almost every candidate we speak to, free fruit in the office doesn't pay the bills... I strongly believe that in our sector and beyond, there are LOTS of talented people. And that ability to learn is vastly overlooked when it comes to hiring. What do you think? #businesstravel #travelrecruitment #traveljobs