Another person in HR/talent aq strategy land who works primarily with startups/high growth tech companies–so just as an FYI, for the last two years, we have seen very minimal change (<3%) of the number of remote and hybrid jobs offered. COVID has officially changed the way a lot of businesses do business now. Even in office jobs have had less than a <2% increase since Q1 2022. Do not let the media tell you otherwise because the data is there and is clear Remote and hybrid are going to continue to be very real options, and I’m here for it.
What is REALLY fascinating is the effect this has had on salary numbers, too. It used to be the difference between Tier 1 (SF, NYC, Seattle) and Tier 2 (Chicago, Portland, Atlanta, LA, etc) was a 15%+ difference. That has closed dramatically in the past few years since COVID. That gap is now less than 10%. And Tier 3 is practically on top of Tier 2. This impacts all industries. To be clear: there are still gaps, and there will be some local, in-office jobs that won’t pay to play. But if you have a tech component to your company that drives business, chances are you have had to dramatically adjust your salary bands to keep your top talent vs. going out and rehiring again. Even though it’s a down market, those salary numbers between the tiers have stayed fairly stagnant or even close slightly.
Now all that said, it is a REALLY bad time to try and get a degree as an entry level software dev. The problem I’m seeing, and I have literally been stating to ANYONE in academia who will hear me (but they aren’t listening, they just want their tuition money) is that entry level jobs are disappearing in favor of AI. AI and more advanced automation is taking over a lot of the work companies used to put entry level devs on.
Why? FAANG is doing it, that’s part of it. Whatever FAANG does tends to have ripple down effects in terms of what other tech companies do for their strategies, including hybrid/remote work. The other part of this is that your average Silicon Valley start up is shifting. People are angry about all the inappropriate spending, the overly charismatic and egomaniac CEOs, and the lack of focus on stable, long term growth.
The newer start-ups that are gaining footholds are more focused on EBITA (Earnings Before Interest, Taxes, and Amortization) and focusing on profitability. One of the big discoveries that came out of the H1 Carta Start Up report is that hiring has been fairly flat. And when people are hiring, they are targeting more senior, experienced individual contributors who can give immediate ROI.
Now THAT ALL SAID… I don’t think the entry level dev role is dead, but I do think it’s due to be reborn, and this is two-fold. First, academia has got to shift its curriculum. Like just rip it to shreds and start fresh. AI isn’t going anywhere, and entry level devs need to learn it and find other subject matter that’s going to be useful and form essentially a new job description for what it means to be an entry level dev.
The second part of this is that senior talent doesn’t last forever. People move on, they don’t want to do the same thing every day, etc. Hiring a senior-heavy team is a short term gain that will get your start up far for about 2.5 years (presuming best case scenario for tenure) and then you’ll stagnate. There still needs to be a pipeline of associates who rise to that senior level.
As others have stated, 10 years from now it’s probably going to be a different landscape than where we are today.
The best things that young folks can do going forward to set themselves up for success:
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Learn how to learn. The biggest deficit I see in talent today is that folks of all ages do not know how they learn best, and this can inevitably pigeon hole someone down the line. Figure out what the process is for you to learn new, strange unfamiliar material. Do you do best as a visual learner? An audio learner? How do you mitigate mistakes when mastering new subject matter? Who do you go to when you need help? How effective are you at finding additional info? This will set you up well for any career, particularly any high level career.
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Invest in therapy because you need to know how to work with difficult people and keep yourself sane. This is why I earn my keep and can command my compensation ask: I work with difficult people, get them to move in directions they don’t want to move in, and the company ends up successful (ie makes money). For all other jobs, learning to work well with others, manage up, manage down, etc typically leads to quicker career growth. EQ is such a hard skill to learn, and I think the best way to start is in therapy because you can learn about yourself and why you operate the way you do. This then can help influence how you approach others, understand them, and influence them.
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Start understanding economics now and building a foundation of what is trending in industry. These trends are always going to be changing, so the point of this is to develop the habit of being abreast of these things. Get a subscription to The Economist and start reading it. Subscribe to Freakonomics Podcast. Listen to Planet Money and Marketplace. See if your school offers free newspaper subscriptions you can digitally access like WSJ and NYTimes. Figure out what your sources are that you can digest and build the habit of reading them, whether that’s 1x a morning, while working out, weekend news only, etc.
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Take a class outside your normal comfort zone/interest. If you go on LinkedIn, you will find that many people’s majors have absolutely no bearing or correlation to what they’re doing in their career today. And I’d say 50% of the time I speak to people, it’s because they took a class they normally wouldn’t have taken in high school or in college, and it completely changed their trajectory. So don’t be afraid to do this. Try something totally wild. Take a theatre class, take a class on AI, take a sociology course. It will have an impact on you whether or not you recognize it immediately.
Doing these three things will help tee you up for success no matter what career path you go down. You’re building a flexible mind that understands how the world works and how to influence it. You’ll find something that resonates with you and your skills.
SUPER long post, apologies, but I hope this helps you, OP, as well as other young folks out there trying to go “how do I find what I’m doing in life and still have room (and finances) for riding?”