Jan 13 - Nearly 2 Million High-Tech Employees Are Underpaid

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Jan 13 - Nearly 2 Million High-Tech Employees Are Underpaid
 

 
A recent study by analysts at Paysa, released on Tuesday, pointed to a 10% gap between the actual pay and the market value for more than a third of professionals in the technology industry. Those software engineers aren't suffering too much, however, with an average annual salary of $112,000, but that's at least $11,200 that employees are contributing to the companies they work for.

The Paysa study also noted that within the next six months, 7% of all U.S. tech and engineering employees are coming due for a promotion and average salary increase of more than $17,750.

So what should technology employees do? Hunt up a new job. Overall more than three-quarters of tech and engineering employees may be underpaid relative to the market for their services; may have missed a promotion window; have been at their present company for two years or more; or are working for a company in "serious decline." The Paysa research indicated that 6% of tech and engineering employees are working for a company "with a depth of technical talent that is declining," as indicated on Paysa's CompanyRank indicator.

CEO Chris Bolte said:

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. Data transparency and awareness around salaries, career advancement, available jobs and other compensation and benefits will drive this shift. That means employers need to be prepared to have these conversations -- the kind that are strongly in favor of relying on what the data says as the key decision factor in salary and offer negotiations.


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 http://finance.yahoo.com/ .. 185534278.html

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