Briefing

Software engineers’ salaries are rising faster in Toronto than in Silicon Valley

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According to a report by Hired, average 2019 salaries for top engineering roles went up by nearly 13 per cent in London, seven per cent in both Toronto and New York and six per cent in the San Francisco Bay Area. (The Logic)

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Talking point: The report was based on an analysis of over 400,000 interview requests and job offers posted on the Hired.com website over the past year by more than 10,000 global employers. It found salaries for search engineers in Toronto grew by 30 per cent to $113,000 in 2019. Growing demand for engineers outside of San Francisco has been made evident by recent Big Tech decisions. In an earnings call last week, Twitter CEO Jack Dorsey announced intentions to recruit workers outside of the Bay Area. Google recently revealed plans to triple its Canadian workforce, the majority of whom will be engineers. The report noted that demand for frontend and backend engineers grew by 17 per cent in 2019, illustrating that “all companies — not just Silicon Valley tech giants — are evolving into being a tech company.”