Tech

Tech workers experience stalled pay rises amid industry shift

Published

2 months ago

March 26, 2024

Tech workers are facing a slowdown in pay rises as the industry grapples with shifting dynamics following the pandemic-induced upheaval.

According to recent data, the median hourly rate for tech salaries fell by 4.8 percent month-over-month in February, dropping from $59.98 in January.

This decline coincides with a marginal increase of just 0.1 percent in the number of employees in the sector.

Eddie Kowalski, senior insights manager at Employment Hero, told the AFR that this dramatic drop could signal a correction from inflated pandemic-era salaries, fueled by widespread layoffs across the technology sector.

He notes a cycle of fiscal tightening and a focus on short-term profitability, which are now impacting employees’ pay packets.

Tech workers are experiencing a downturn.

Modest growth

Data from job site Seek reveals a modest growth of just 1.9 percent in advertised salaries within the ICT industry over the past year, reflecting the subdued demand for labor.

Recruiters are witnessing persistent supply shortages for certain skills such as cybersecurity, data science, and artificial intelligence specialists.

Overall, while the long-term trend for tech remains one of growth, the industry is experiencing a period of adjustment characterized by slowed pay rises and heightened competition for top talent.

As the sector navigates these challenges, tech workers are advised to remain adaptable and open to new opportunities while recruiters face the task of attracting and retaining skilled professionals in a changing landscape.

Tech

EV market shifts as prices are slashed

Published

4 hours ago

May 20, 2024

ticker NEWS

Recently, there’s been a noticeable shift in the electric vehicle market, with major players like Nissan, Polestar, and Peugeot offering unprecedented discounts of $15,000 or more below the recommended retail price.

BYD have abandoned their fixed-price models in favour of traditional franchise dealerships. Could this trend reverse? Amidst these developments, Australia anticipates the launch of its first plug-in hybrid utility vehicle, the BYD Shark, following its global debut in Mexico last week. Stay tuned for further updates. #Featured #Trending

News

Portal between countries shut down after international flashing

Published

3 days ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Leaders

Is cloud technology the solution for every organisation’s needs?

Published

4 days ago

May 16, 2024

Nathan Langridge

Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured