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See how your earnings compare to your colleagues and peers / Emolument.com

by on April 12, 2015 in Latest News, Lead Article, Nuggets, Research

New research from Emolument.com reveals how much leading tech companies pay their employees

For young professionals in the technology industry, securing a position at a company like Google or Facebook may appear to be the Holy Grail for their career.

However, individuals have never been able to see beyond advertised salaries, job descriptions and brand image to see exactly what a career in a specific company might hold – until now.

A ground breaking new service from salary benchmarking site Emolument.com has just been launched to change this and reveal for the first time how much specific employers pay for various job roles, specialisms and experience levels, highlighting some eye-opening trends.

To see how your earnings compare to your colleagues and peers for free, visit www.emolument.com

The statistics reveal how it is the software and internet focused companies that offer the highest salaries to junior employees in the tech industry, with hardware company HP paying just half of the average junior salary at LinkedIn. This trend appears to highlight a recruitment strategy by some of the leading companies to attract the best talented young developers, who can add more value to their non-hardware based product or service.

As a brand, LinkedIn arguably doesn’t have the same level of prestige or glamour as Google or Facebook, which may explain why they pay junior employees as much as 20% more, in order to attract the right kind of talent. Similarly, Amazon has previously faced high profile criticism for its poor working conditions, but offering such attractive salaries for junior employees will go some way to establishing the company as a desirable employer for technology talent.

Average salaries for junior employees in Europe from some of the world’s highest profile technology companies can be seen below:

Company Salary
LinkedIn £60,000
Amazon £55,000
Microsoft £51,000
Facebook £49,500
Google £48,000
Criteo £41,000
Intel £40,000
SunGard £35,000
IBM £35,000
eBay £33,000
HP £30,000

*Source: Salary benchmarking site Emolument.com

The statistics come from crowdsourced pay data, submitted anonymously to Emolument.com by over 46,000 individuals in order to access their own personal salary benchmarking report. The new Employer service allows candidates to investigate companies and find out, for example, if Google values an MBA or how quickly salaries increase at IBM, empowering them to make more informed decisions and manage their own career more effectively.

The Emolument.com Employer service shows that it is not just at the lower levels of the organisation where salaries vary between the major technology players. For example, the statistics reveal that senior employees at Apple earn around 10% more than their counterparts at rivals Microsoft:

Salaries for European Senior employees (10+ Years of experience)

Salary
Apple £76,000
Microsoft £69,000

*Source: Salary benchmarking site Emolument.com

Founder and CEO of Emolument.com, Thomas Drewry said: “As well as attracting customers, brand image plays a significant role when it comes to recruiting the kind of talent that will keep pushing technology companies forward.

Offering a level of salary transparency allows individuals to see beyond the short-term factors like starting salary and company brand to really understand what a career at a specific company might mean 5, 10 or 15 years down the line, empowering them to make more informed choices in these big life decisions.

To see how your earnings compare to your colleagues and peers for free, visit www.emolument.com

 

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