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Hello, software developer of 5 years here. Since Covid, the demand for software developers has seemed to SKYROCKET. I left my last job 8 months ago for a 50% pay raise. I'm getting offers in linkedin for another 50% pay raise.
My first job was $60k. Only 5 years in and I'm at $90k getting offers for $135k+ all of a sudden. All full-remote (which is why you're struggling). A co-worker from my last job just told me that they increased salaries across the department by 20% this year to keep up with demand.
I heard there's a 30% shortage of IT/Software people, so that might explain it too.
Better up your salary offer or you won't get anyone!
Preaching to the choir, though neither of these jobs are IT/software. They're marketing analytics and web accessibility reporting into the marketing (me) and web teams in higher ed. There's no more money to be had to pay them, and what's worse, even if we *could* pay $100K+ then these entry level roles would be making more than all but a few senior managers in the office.
What's going to happen is everyone is going to leave because we're expected to be OK with our annual 2.5% raise (which doesn't even cover half of my rent increase alone). But the work still needs to get done, and there is truly no money to hire new talent.
Some companies are better than others about making equitable raises for long-term folks when they need to up salaries. Others, like mine, would prefer to be penny wise and hope folks stay without compensation, only to be shocked when folks leave and it costs twice as much to replace them.
No, our daughter did not have any relevant work experience, they were hiring for entry level positions.
That is incredible and I hope more companies are doing that. By far one of the must frustrating part of the job hunts is applying for the "entry level" positions when nearly all the entry level positions want 2-5 years of exp.
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