Is its high developer salary a reason to love JS?
Salary is, of course, one of the main reasons that developers not only choose their jobs, but one of the reasons that they change jobs as well.
While it sounds obvious to developers, a fair salary leads to happier employees, which leads to a higher retention rate. Providing a yearly salary increase is also a must.
Offering remote work is a bonus
The allure of remote work is a reality for 12% of software developers. With no rush hour traffic, no loud co-workers, no open office plans, and no need to physically relocate to an expensive city, it’s no wonder that most devs prefer working remotely.
For 31.7% of developers, remote work options are the most important factor when deciding between jobs. The younger generation, in particular, expresses a desire to work remotely. A survey of 22,970 American undergrads revealed that 72% would prefer a remote job instead of an on-site office job.
A report from OWLLabs claimed that remote workers earn higher wages compared to on-site workers. According to the survey results, 26% of remote workers earn more than $100,000 a year, whereas only 8% of on-site workers earn a salary in that bracket.
Money isn’t the only increased factor. Remote work boosts employee happiness and productivity, leading to better retention. Offering the potential to work remotely offers businesses a hiring edge.
For developers seeking a position at a location that doesn’t offer remote work, try opening up the possibility by presenting the data behind it. It could help out in your favor and convince your employer.
Know your worth
Software developers change jobs often. According to a 2018 report from LinkedIn, the tech sector has the highest rate of talent turnover. The 2019 Stack Overflow dev survey revealed that 60% of developers changed jobs less than 2 years ago.
According to Eric Elliot, retaining developers pays off in the end.
The longer you retain a developer, the more valuable they become. Losing a developer can cost you 90% of the annual salary in lost productivity, recruiting, training, and onbarding, and potentially significantly more in opportunity costs (over 200% for senior, leadership, or executive talent).
It comes as no surprise to any developer, but one of the biggest reasons for leaving a job is being undervalued, underpaid, and overworked. Despite high average earnings, developers often don’t receive a fair salary, deal with massive amounts of overtime, have to handle burn out, and must meet ever-growing demands.
Check out the Stack Overflow Calculator and see how your earnings compare to listings in your area.