Technicians who work remotely or as hybrid employees earn higher wages than professionals who do the same job from the office, according to a pay and employment data report.
O’Reilly’s survey of 778 cloud computing professionals found that demand for cloud computing professionals has grown by 4.3% over the past 12 months, bringing the average annual salary up to $182,000.
The survey also found that hybrid work was associated with higher overall wages, with the average reported salary for hybrid staff being $188,000 and for full-time remote workers $184,000. Meanwhile, professionals who work full-time in the office reported the lowest median salary of $131,000.
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This difference is partly due to changes brought about by the COVID-19 pandemic. The need for remote and hybrid roles has enabled employers to reduce office space and eliminate employee travel to work, setting a precedent for hybrid and remote roles to continue into the future.
In the same time “The Great Retirement” continues to cover the United States, with the Department of Labor making report a record 4.53 million layoffs in March 2022 and 4.4 million layoffs in April 2022. Given the high demand for tech workers and the shortage of talent across the country, cloud professionals and other tech workers are in a good position to seek better compensation.
O’Reilly reports that 20% of tech workers have already changed employers in the past year, and 25% plan to look for higher-paying jobs. Qualified candidates have power in this job market, the company said, and now employers must offer higher salaries, better benefits, greater flexibility and other benefits to potential employees.
“Cloud computing professionals are currently the most in-demand technical talent and therefore have the opportunity to choose from a variety of employment options that best suit their lifestyle,” said Laura Baldwin, President of O’Reilly.
“Given this demand for these workers, we expect the big technology exodus to continue unless employers offer competitive wages, substantial benefits, remote work flexibility, and on-the-job training and development.”
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Nearly half (48%) of cloud computing professionals surveyed by O’Reilly said they have participated in a technical training or certification course in the past year to learn new technologies (42%), improve existing skills (40%), or work on more interesting tasks. projects (21%).
Hours spent on training and development programs have been found to have a direct correlation with higher earning potential, O’Reilly found, especially for professionals trained in one of the “big three” platforms: Google Cloud, AWS and Microsoft Azure.
“Demand for skilled cloud computing professionals has outpaced supply,” said Mike Loukides, report author and vice president of content at O’Reilly.
“It’s safe to say that if you’re skilled in this field, your job opportunities are endless.”