{"id":999694026,"date":"2017-09-28T13:32:00","date_gmt":"2017-09-28T13:32:00","guid":{"rendered":"https:\/\/wpstage.dice.com\/?p=342033660"},"modified":"2017-09-28T13:32:00","modified_gmt":"2017-09-28T13:32:00","slug":"rising-tech-salaries-impact-recruiting","status":"publish","type":"post","link":"https:\/\/dicepilot.npgdev.com\/hiring\/recruitment\/rising-tech-salaries-impact-recruiting","title":{"rendered":"Rising Tech Salaries Impact Recruiting"},"content":{"rendered":"<p>Is there a ceiling on how much tech professionals can get paid? If the answer is \u201cyes,\u201d that number is quite high. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-09-24\/in-battle-for-talent-one-startup-founder-tries-unlimited-pay\">According to Bloomberg<\/a>, a hot Chinese startup, Beijing ByteDance Technology Co., is hiring specialized tech pros for enormous sums\u2014as much as $3 million per year, once all forms of compensation are factored in. \u201cUnlimited salary for unlimited talent,\u201d founder Zhang Yiming told the publication. Bloomberg suggests that salary philosophy, shared by other tech firms in China, is symptomatic of \u201cbubbly times.\u201d But stratospheric salaries are also becoming a fact of life for highly specialized professions on this side of the Pacific, as well; for example, Tom Eck, CTO of industry platforms at IBM, claimed at a conference earlier this year that artificial-intelligence specialists were  <a href=\"https:\/\/www.dice.com\/career-advice\/a-i-specialists-earn-much-nfl-players\">earning as much as NFL quarterbacks<\/a>. Since NFL players can easily earn many millions per year, Eck\u2019s statement translates into quite a bit of money for those who know their way around a machine-learning algorithm. It\u2019s not hard to imagine tech pros in other categories earning similarly hefty fees, or at least stock options theoretically worth millions at some future, undefined point. From an employer perspective, such an outlay might prove justified if it keeps brilliant brains out of the hands of competitors; but it might also plunge companies into a costly escalation to find and lock down top talent. And as it turns out, there is such a thing as paying tech pros enormous salaries. Just look at Google, which paid out millions of dollars to members of its self-driving car team\u2014only to watch those employees head right out the door. \u201cEarly staffers had an unusual compensation system that awarded supersized payouts based on the project\u2019s value,\u201d  <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-02-13\/one-reason-staffers-quit-google-s-car-project-the-company-paid-them-so-much\">Bloomberg reported at the time<\/a>. \u201cBy late 2015, the numbers were so big that several veteran members  didn\u2019t need the job security anymore, making them more open to other opportunities, according to people familiar with the situation.\u201d (Anthony Levandowski, one of the key drivers of Google\u2019s self-driving project, <a href=\"https:\/\/www.wired.com\/story\/god-is-a-bot-and-anthony-levandowski-is-his-messenger\/\">reportedly earned $120 million from the company<\/a>.) And therein lies the issue with high pay: while it might provoke loyalty, it could also compel a tech pro to head off and start their own company (or simply retire a few decades early). As recruiters and hiring managers know, a company can\u2019t depend solely on money to keep tech pros interested\u2014they need to offer the right kind of culture, benefits, and perks in order to build long-term loyalty. The average technology salary in the U.S. stood at $96,370 in 2016, according to Dice. That was a 7.7 percent increase from the year before. In active markets such as Silicon Valley and New York City, average tech salaries have hit six figures\u2014the highest point in a decade. Those levels seem unlikely to decline anytime soon, making recruiters\u2019 jobs that much trickier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is there a ceiling on how much tech professionals can get paid? If the answer is \u201cyes,\u201d that number is quite high. According to Bloomberg, a hot Chinese startup, Beijing ByteDance Technology Co., is hiring specialized tech pros for enormous sums\u2014as much as $3 million per year, once all forms of compensation are factored in. [&hellip;]<\/p>\n","protected":false},"author":132,"featured_media":342033660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2155],"class_list":["post-999694026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hiring-candidates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rising Tech Salaries Impact Recruiting - Dice Hiring<\/title>\n<meta name=\"description\" content=\"Is there a ceiling on how much tech professionals can get paid? If the answer is \u201cyes,\u201d that number is quite high. According to Bloomberg, a hot Chinese\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dicepilot.npgdev.com\/hiring\/recruitment\/rising-tech-salaries-impact-recruiting\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising Tech Salaries Impact Recruiting\" \/>\n<meta property=\"og:description\" content=\"Is there a ceiling on how much tech professionals can get paid? If the answer is \u201cyes,\u201d that number is quite high. 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