Tech workers in Australia still expect Silicon Valley rates despite pay cuts

Already a subscriber?New data shows salaries for tech workers have stalled and job openings have fallen dramatically, but employers say many candidates are still asking for boom-time Silicon Valley salaries in Australia.

Employment Hero’s SME Index draws on a dataset of more than 150,000 small and medium-sized businesses and 1.5 million employees in Australia to track wages trends. “Employee growth is also flattening. This indicates a cycle of fiscal tightening and a focus on short-term profitability across the board, both of which are now being felt on employees’ pay packets,” Mr Kowalski said.

Data from job site Seek showed advertised salaries in the information and communication technology industry grew just 1.9 per cent in the year to January 31 and 0.3 per cent in the past quarter. “Top-performing software sales talent remains hard to secure and well locked down – with remuneration and stock – by their existing employers,” Mr Fogelberg said.“I don’t think you’d find many business owners that wouldn’t openly pay top performing salespeople potentially the highest salary in the company if they meet all of their quotas.”

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