New O’Reilly Report Reveals Tech Workers Gain Increased Salary and Skills Training Through Workplace Learning

2022 Cloud Salary Survey unveils salary and employment trends for cloud-focused workers

O’Reilly,the premier source for insight-driven learning on technology and business, announced the results of its 2022 Cloud Salary Survey. The report findings demonstrate that tech workers make more money in hybrid or remote work scenarios and gain increased salary and skills training through workplace learning. The survey revealed that cloud professionals are paid an average yearly salary of $182,000. Report findings also show the impact of the great reshuffle within the tech sector, with 20% reporting they’ve already changed employers over the last year, and 25% of respondents planning to find new employment with better compensation, raising a question of whether the great reshuffle will continue.

HR Technology News: Sesame HR, the Start-up Aiming to Revolutionise Human Resources, Secures €10 Million Investment

Remote and hybrid work arrangements are widespread for the cloud professionals surveyed: almost two-thirds (63%) of respondents work completely remote full-time, and 31% follow a hybrid schedule, reporting to the office one to four days a week. The survey also discovered that hybrid work was associated with higher overall salaries—the average reported salary for hybrid staff was $188,000, while full-time remote workers made slightly less ($184,000). Full-time in-office workers reported the lowest average salary at $131,000. With the time and cost savings that come from eliminating lengthy commutes (for employees) and downsizing office spaces (for employers), remote and hybrid work trends are likely here to stay.

The report also revealed the compensation benefits of workplace learning and development. Nearly half (48%) of respondents participated in technical training or certification programs in the last year, with 18% of respondents obtaining one or more certifications. Hours spent training were found to have a direct link to increased compensation. However, money isn’t the only factor driving training; respondents cited learning new technologies (42%), improving existing skills (40%), and working on more interesting projects (21%) as the most popular reasons for participating in learning and development.

HR Technology News: OneAmerica Names Joe Ingream as SVP of Employee Benefits

“Cloud professionals are currently the most sought-after tech talent and therefore have the ability to choose from an array of employment options that best fit their lifestyle. During the pandemic, we witnessed millions of workers resign from companies in an effort to reconfigure their careers and take deliberate steps toward new job opportunities with higher wages and better alignment between their work and life goals,” said Laura Baldwin, president of O’Reilly. “With these workers in such demand, we anticipate the great tech exodus to continue unless employers step up with competitive pay, substantial benefits, remote work flexibility, and on-the-job learning and development.”

The survey revealed that yearly salary increases were tied to working style, with hybrid workers receiving higher salary increases than those who work completely remote. Overall, respondents didn’t report particularly large salary increases; the average salary increase over the past year was roughly $8,000. The largest group of respondents had salary increases under $5,000 (27%), followed by those who received salary increases between $5,000 and $10,000 (24%). And 19% of respondents didn’t have any change in salary during the last year.

HR Technology News: Matrix360 Offers Strategic Insight on How Companies Can Embrace Diversity, Equity Year-Round

[To share your insights with us, please write to sghosh@martechseries.com]