The jobs website compiled a list of the 15 companies with the top median salaries in the country over the past year, with the lowest at $140,000. The list consists solely of tech, consulting and legal firms, with tech companies comprising nearly two-thirds of the top spots. Notably absent were industries like finance and healthcare, likely because Glassdoor used the median salaries instead of the average.
Salaries in the tech industry have been boosted by a persistent shortage of skilled workers in highly sought-after fields like software engineering, database administration and data science, according to Glassdoor’s chief economist, Andrew Chamberlain.
Firms need experts in these areas to keep up with ever-changing technology, but demand far outmatches supply. As tech companies jostle with one another to entice a relatively small pool of workers, wages have ballooned to unprecedented levels, Chamberlain explained in the report.
Globalization is also at play, according to Chamberlain. Most of the companies that made the list reach audiences across the world, a feat made possible by communication technology that has freed businesses from geographical confines. The widened customer base creates something economists call the “superstar effect,” where top employees who reach millions of international customers can command salaries to match, according to the report.
Here is Glassdoor’s full list. In addition to annual salary, it also takes into account other factors like commission and cash and stock bonuses. It is also limited to companies that have received at least 30 salary reports in the last year. Read more…