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Average salaries for software engineers Hirewell placed in Q1 2023: up 9% from Q4 2022!
But let’s not get too excited. Don’t want to fall in the Dubious Data™️ trap.
But it’s true. Our average software engineering placement salary (all levels junior to senior, all coding languages combined) from $138k to $151k. However…the total volume went down 35%.
We can be honest: the market sucked and the sample size got smaller.
Analyzing further, there’s 2 things to keep in mind:
Conclusions? “Urgent” demand went down. But no evidence that salaries actually went down.
For engineers, anyway. Indeed did report a wage growth decline year over year from December 2022 of 6.3%. But that’s all jobs in all industries, not engineers specifically.
Now some good news: April tech placements shot up 9% compared to the Q1 2023 monthly average.
So I’m calling it: we hit the bottom.
Fun fact: no one knows anything, least of all recruiters. If it all goes to sh*t from here, you know who to blame.
Partner at Hirewell. #3 Ranked Sarcastic Commenter on LinkedIn.
🎧 Rethinking HR: Strategy, Growth & the Post-Corporate Shift
We sat down with Malvika Jethmalani—3x CHRO turned founder of Atvis Group—to talk about what great HR really looks like in 2025.
From performance management and manager effectiveness to people-first AI transformations, Malvika shares what companies are getting wrong—and how to fix it.
She also dives into the perks (and real challenges) of leaving corporate life to start her own advisory firm.
Whether you’re leading HR or just partnering closely with it, this one’s packed with practical wisdom.
Episode 12