HireCentrix News Updates
PayScale, Inc., the world's largest real-time salary data provider, today announced its Technology Company Salary and Job Satisfaction Report.
Using PayScale.com’s extensive database, the company examined the characteristics of the following large/well-known tech companies (excluding retail workers): Amazon, Apple, Dell, Facebook, Google, Hewlett-Packard, IBM, Intel and Microsoft. These characteristics include:
- Job Details: common jobs, typical pay, typical pay premium over market, typical tenure at the company, and employees’ typical years of experience within their career/field.
- Demographics: typical age and gender breakdown.
- Job Soft Features: typical job satisfaction levels, typical stress levels and degree of flexibility in work/vacation schedules.
- Benefits: common benefits and perks relative to the average employer, commonness of health benefits, and typical weeks of vacation.
"Not only do many of the large tech companies pay their typical employees well into the six figures – not surprising given the large number of well-paid engineers on staff – they also pay a premium of as much as 23 percent above typical pay for the same kind of employees working at ’normal’ companies," said Dr. Al Lee, director of quantitative analysis at PayScale.
Some of the findings include:
- Workers at Google earn the best pay relative to the other tech companies:
o Overall, when holding all else constant, median pay for Google employees is 23 percent higher than similar workers doing similar roles at other companies and over 10 percent higher than similar workers at the other big tech companies.
- The “worst” pay is at Hewlett-Packard (HP):
o Holding all else constant, workers at HP typically earn 5 percent less than similar workers at all other employers and earn about 15 percent less than similar workers at the other big tech companies.
- Employees of IBM tend to stay at IBM: the average tenure at IBM is eight years, which is about six years longer than the tenure at the other tech firms.
- Similarly, IBM workers tend to be the oldest: the typical age of workers at IBM is 44 years old.
- Workers at Facebook are relatively young; a typical worker at Facebook is only 26 compared to a typical age of 36 across the other companies.
- Female employees are still the minority at the big tech firms: on average, only 25 percent of the employees at the tech companies are female (compared to over 50 percent of employees at all companies).
- Microsoft is the most flexible tech company when it comes to determining work and vacation schedules.
- Workers at Facebook are the most satisfied with their jobs, while those at HP are the least satisfied.
- Facebook employees may be the most satisfied with their work, but they are also some of the most stressed.
Adds Lee: "With a CEO who is 27, it is not surprising to find many who work at Facebook are young, excited to work there, and a little stressed out. IBM celebrates its 100th anniversary this year; the workforce is a little grayer than Facebook, but the employees' tenure at IBM testifies that it is still a great place to work.”
The full report can be found at: http://www.payscale.com/top-paying-it-employers
PayScale.com is the leading online provider of employee compensation data. With the world's largest database of individual compensation profiles, PayScale provides an immediate and precise snapshot of current market salaries to employees and employers. PayScale's patent-pending, real-time profiling technology collects and indexes employee pay attributes worldwide and makes this compensation data available through its online salary tools and salary benchmarking reports. PayScale was founded in 2002 and is headquartered in Seattle. For more information, visit: http://www.payscale.com/about.asp; Follow us on Twitter: http://twitter.com/payscale
Healthcare Costs grew a cumulative 138% between 1999 and 2010 and outpacing cumulative wage growth of 42% over the same period. Average employer costs for health insurance per employee hour rose from $1.60 to $3.35 during the 1999 to 2010 period. This almost 110% increase in average costs per hour was much larger than the 39% increase in average employer payroll costs per hour for these workers KFF
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