It’s not exactly a secret that the tech industry has a preference for hiring young workers. Bloomberg reports that the median age at tech companies like Google and Facebook hovers around 30, while the average age for a U.S. worker is 42.
Now jobs site Hired is reporting that salary offers peak between the ages of 45 and 50 in the tech industry at around $140,000 a year for workers who use their services, and start to decrease after that, with companies offering an average of $132,000 to candidates between 50 and 60 years old.
That’s on par with what job candidates are being offered who are 10 years younger, Hired notes.
Because Hired helps facilitates the entire job search process, it has data on salary expectations and actual job offers. The company collected this data from 45,000 job seekers using their platform in the past year.
Job candidates between the ages of 25 and 30 also receive the highest number of job offers.
One caveat: Hired says the majority of the candidates who use their platform have between two to eight years of experience, which might skew the data.
Hired also broke out the hiring patterns for minorities versus white candidates for software engineering jobs. This particular study didn’t look at gender differences.
That data shows that while African-Americans are more likely to get a job offer, they are asking for and receiving significantly lower salaries ($113,000 and $115,000 respectively) than any other racial class.
Meanwhile, white candidates for software engineering roles are asking for salaries of $126,000 and receiving offers of $125,000 on Hired’s platform.
From the report:
It’s unclear if African American candidates are receiving more offers because of diversity initiatives, a lower preferred salary, or a combination of those and other factor.”
The Hired study also looked at salary trends across America’s big tech hubs. It revealed what other studies have shown: that Austin presents a pretty good value for tech workers.
Software engineers receive an average salary of $110,000 in Austin on Hired’s platform. But in San Francisco, that same job pays $134,000.
But when adjusting for San Francisco’s higher cost of living, the Austin salary becomes $198,000.
In fact out of 10 U.S. cities studied, Austin offers the best deal when compared to San Francisco. Nearly every city studied offered higher salaries to software engineers when cost of living was considered.
The report noted that San Francisco-area companies are facing stiffer competition from other tech hubs like Austin because of the Bay Area’s skyrocketing cost of living.
According to the report:
Notably, Austin-based companies are especially willing to relocate the right talent, with more than 60 percent of job offers going to candidates outside the Lone Star State. In comparison, only 30 percent of offers from SF Bay Area companies are given to non-local candidates.”
Hired also found that Austin companies typically offer higher salaries to people relocating from other cities, versus in-town candidates.
Here’s the breakdown of salary offers for local versus relocation candidates:
Hired said for their Austin data they used job offer information from 4,696 candidates who used Hired’s platform in the last year to seek Austin-based jobs.
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