Q3 2022 Salary Data Update

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).

Recruiters:

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. ????

Software Engineers:

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.

James Hornick

Partner at Hirewell. #3 Ranked Sarcastic Commenter on LinkedIn.