Heard it on the Tech Street
The job market in Silicon Valley is experiencing a surge in activity. A quick search for IT positions in the San Francisco Bay Area reveals 66,918 openings. While not as high as the numbers we typically see, it is certainly an improvement compared to February’s 22,395.
As the summer months wind down, August typically slows down in terms of hiring. This is largely due to people taking their well-deserved vacations. However, historically, we see a significant increase in hiring starting in September and continuing through the holiday season. This year, however, things are shaping up to be a little different. The combination of pent-up demand from companies to fill positions, a stronger-than-expected economy, a tech unemployment rate holding steady around 2.0%, a positive trend in the stock market, the emergence of new technologies utilizing AI, and a clearer stance from the federal government on rate hikes are all contributing to many of my clients receiving an influx of inquiries from recruiters and hiring managers earlier than expected.
Machine learning engineers have become indispensable in shaping companies’ strategies. These talented professionals develop algorithms that continuously optimize themselves, revolutionizing various fields like speech recognition and understanding customer preferences.
Mastering the intricacies of machine learning demands substantial time and resources. However, those who achieve this feat are rewarded handsomely with impressive salaries and additional perks like stock options. The question remains, how high can their compensation soar? In major tech hubs across the nation, the payouts can easily surpass six figures when factoring in bonuses, base salary, and equity.
In an effort to shed light on this matter, Blind, the anonymous tech professionals’ survey platform, recently analyzed its data to identify the 24 cities that offer the highest pay for machine learning engineers. Let’s take a closer look at the top ten contenders. Get the report here
How Tech Pros Apply for Jobs – It’s Broken!
Tech Connects, Dice’s engaging and informative podcast, delves into the ever-evolving landscape of tech hiring, recruiting, and career advancement. In today’s challenging job market, the importance of soft skills such as effective communication and empathy cannot be overstated. The clients that I coach take this strategic approach and turn interviews into offers.
The 2023 Mid-Year compensation report is out.
According to the 2023 report released by levels.fyi, technology salaries are on the rise, with numerous job titles, experiencing substantial increases compared to the previous year. Among them, AR/VR witnessed the most significant surge, boasting a remarkable 14% increase. Don’t miss out on the complete report, available here. Read More…