Developer Compensation: The New Reality?
In contrast to emerging industries like clean tech and biotech, the skills needed to scale a software business are widely available in many parts of the world. Recruiting employees is no longer driven by the need to attract specialists from a scarce candidate pool; now, it is largely driven by cost. (This is not great news for Canada, once the near-shoring alternative for the US, unless our dollar take a tumble).
Where does that leave employees? One HR professional summed it up: "Software developers are in the same position as automotive industry workers 20 years ago. They are frustrated that their skills no longer garner a premium, yet hamstrung by few options currently available."
In this new software reality, how SHOULD compensation schemes incent software employees? We're working on it.