Recruiters Down, Engineers Up
I regret to inform you that recruiter salaries are down. But relax, we’ll be ok.
If you’re tuning in for the first time, we track salary data on our actual placements. Primarily internal recruiters and software engineers. They’re the two most common roles we fill on a volume basis and most statistically significant.
These stats are *averages* based on all levels, skill and focus areas. (Yes I’m trying to get ahead of objections from the “this is wrong, I get paid more than that but I also don’t know understand what ‘average’ means” crowd).
Q1 2021 86k
Q4 2021 117k
Q1 2022 109k
Q2 2022 105k
There was a gold rush last year and we all knew it. Again, averages. In the late 2021 early 2022 time frame, we’d see internal tech recruiter salaries as high as 150-170k.
Then tech layoffs happened. Hiring demand went down. So did recruiter salaries.
But they’re still up ~22% from 18 months ago.
Meanwhile, in software engineering land…
Salaries are still doing what Bitcoin was supposed to.
To. The. Moon. 🚀
Q1 2021 113k
Q4 2021 134k
Q1 2022 135k
Q2 2022 150k
Shocked but not shocked. Lots of high profile tech orgs said they’d reduce new hiring so we though we’d see a dip.
Nope. Software engineering is still making people second guess their career choices…
Full episode of Hirewell’s Data Insights, Q3 2022 available here.