A salary survey conducted by Burtch Works Executive Recruiting revealed that among all industries, tech workers were more likely to ask for a raise and they were also the group most likely to receive a raise. The survey also revealed that women’s median salary in the tech sector most nearly matched their male counterparts.
Here is an excerpt from the article published on the Burtch Works company website:
Examining the overall sample, we found that nearly three-quarters of data scientists and analytics professionals attempted to negotiate their starting salary with their current employer.
Of those that attempted to negotiate, 69% reported that the salary offer was increased as a result and 22% reported that while the salary did not increase, they received other compensation or benefits (such as a bonus, additional vacation time, etc.). Only a small percentage of negotiators, 9%, reported that they didn’t receive a salary increase or any other benefits.
Examining the survey results by gender, we found that women attempted to negotiate their salary nearly as much as men.
Interestingly, when we looked at what women and men said they received as a result of negotiating, 73% of women said they received a salary increase vs. 68% of men. 19% of women that negotiated said they received other benefits (bonus, vacation time, etc.) instead of a salary increase vs. 23% of men. Slightly more men (9%) reported receiving nothing, vs. 7% of women who reported no additional benefits from negotiating.
As a side note, our 2018 research showed that, in predictive analytics, women’s median salaries were within 95-100% of men’s median salaries, depending on job level.
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Tech workers are the most likely to attempt negotiation, and are the most likely to receive a pay increase as a result
81% of respondents employed by Tech firms reported that they attempted to negotiate (8 points higher than average), and 75% of negotiators reported receiving a pay increase. An additional 19% of tech negotiators said they received “other benefits/compensation”, and only 6% said they received nothing.
