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.
Note: TDWI’s editors carefully choose press releases related to the data and analytics industry. We have edited and/or condensed this release to highlight key information but make no claims as to its accuracy.
O’Reilly released 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 percent reporting they’ve already changed employers over the last year, and 25 percent of respondents planning to find new employment with better compensation, raising the question of whether the great reshuffle will continue.
Remote and hybrid work arrangements are widespread for the cloud professionals surveyed: almost two-thirds (63 percent) of respondents work completely remote full time, and 31 percent 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 percent) of respondents participated in technical training or certification programs in the last year, with 18 percent 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 percent), improving existing skills (40 percent), and working on more interesting projects (21 percent) as the most popular reasons for participating in learning and development.
“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 percent), followed by those who received salary increases between $5,000 and $10,000 (24 percent). And 19 percent of respondents didn’t have any change in salary during the last year.
Additional findings from the 2022 Cloud Salary Survey report include:
- The average salary increase over the past year was 4.3 percent
- The average salary for women is 7 percent lower than the average salary for men
- Average compensation is highest in California ($214,000), followed by New York ($212,000) and Washington ($203,000)
- Respondents between the ages of 45 and 54 had the highest average salary ($196,000)
- The highest-paid job titles include directors ($235,000) and executives ($231,000), followed by architects, “leads,” and managers ($196,000, $190,000, and $188,000 respectively)
- Only 4 percent of respondents report that job security is an issue
“Organizations of all sizes are utilizing cloud tools and services, and in turn need experienced staff with the appropriate skill sets. Our survey found that the largest salaries and pay increases went to those who were certified for one of the big three cloud platforms: Google Cloud, AWS, and Microsoft Azure,” said Mike Loukides, report author and vice president of content at O’Reilly. “The current job market is just as hot as the housing market. The demand for skilled cloud professionals has exceeded the supply. It’s safe to say that if you’re proficient in this area, your job opportunities are endless.”
The 2022 Cloud Salary Survey polled 778 respondents based on location, gender, age, education level, job title, cloud certifications, and the tools they use daily. The full report and survey results are available here: https://get.oreilly.com/ind_2022-cloud-salary-survey.html (short registration required).