Tech professionals who work remotely or as hybrid employees earn higher salaries than professionals who do the same job from a desk, according to a report on salary and employment data.
A survey of 778 cloud professionals by O’Reilly found that demand for cloud professionals increased 4.3% over the past 12 months, bringing the average annual salary to $182,000.
The survey also found that hybrid working was associated with higher overall salaries – the average reported salary for hybrid staff was $188,000, while full-time remote workers earned $184,000. Professionals working in the office full-time, meanwhile, reported the lowest average salary at $131,000.
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This difference is partly due to changes brought about by the COVID-19 pandemic. The need for remote and hybrid roles has allowed employers to downsize office spaces and eliminate employee travel, setting a precedent for hybrid and remote roles to continue in the future.
At the same time, the “Big Resignation” continues to sweep the United States, with the Department of Labor reports a record 4.53 million quits in March 2022 and 4.4 million quits in April 2022. Given the high demand for tech workers and the nationwide talent shortage, technology professionals cloud and other tech workers found themselves in a strong position to demand better compensation.
O’Reilly reports that 20% of tech employees have already changed employers in the past year, and 25% intend to look for a job with better pay. Qualified applicants hold the power in this job market, the company said, and the impetus now lies with employers to offer higher wages, better benefits, increased flexibility and other perks to potential employees.
“Cloud professionals are the most sought-after technology talent today and therefore have the flexibility to choose from an array of employment options that best fit their lifestyle,” said Laura Baldwin, President of O’ Reilly.
“With these workers in high demand, we expect the great tech exodus to continue unless employers offer competitive wages, substantial benefits, remote work flexibility, and on-the-job learning and development. .”
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Nearly half (48%) of cloud professionals surveyed by O’Reilly said they had attended technical training or certification courses in the past year to learn new technologies (42%), improve existing skills (40%) or work on more interesting projects. projects (21%).
Hours spent on learning and development programs have been shown to have a direct link to higher earning potential, O’Reilly found, especially for professionals trained on one of the “big three” platforms. : Google Cloud, AWS and Microsoft Azure.
“The demand for skilled cloud professionals has exceeded the supply,” said Mike Loukides, report author and vice president of content at O’Reilly.
“It’s safe to say that if you’re proficient in this area, your job opportunities are endless.”