Last week, PayScale released its findings from its 2016 Compensation Best Practices Report. This week, PayScale has released the results of its newest survey called Tech Employers Compared 2016.
The new report goes into the details of why corporate employees enjoy working where they work. PayScale also gained analytics on things such as how long an employee has been with a company, the average length of employment, average take home pay and more.
PayScale included results from employees of the top 17 tech companies in the world. Here’s a few findings from PayScale’s Tech Employers Compared 2016 report:
- Facebook employees have some of the highest salaries in the industry. Many Facebook employees reach 6 figures early in their careers.
- Elon Musk’s companies SpaceX and Tesla have some of the lowest paid workers in the tech industry, yet nearly 9 out of 10 employees report that they believe their job has the potential to change the world.
- Employees with more experience (Over 10 years) tend to make more money at LinkedIn than they do at Facebook
- Oracle has the most experienced employees. An Oracle employee has an average of 9 years of experience under their belt.
- Stress levels at Facebook are among the industry’s lowest – With only 44% of workers reporting that they endure high stress at work.
- Tech employee demographics show that most workers are young and male.
- 10 of the 17 companies that PayScale surveyed have women that make up 30% or less of the total corporate workforce.
“When it comes to wages at tech firms, they are not only some of the highest among professional workers, but also have experienced some of the strongest wage growth in recent years,” says Katie Bardaro, the lead economist at PayScale.
“As the demand for tech employees surges in our economy, this wage growth is not likely to slow down anytime soon,” adds Bardaro.