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Infographic | Beyond Data

2023 Pay trends in the Tech, Media and Gaming industry

December 21, 2022

Explore what our industry-specific Tech, Media & Gaming salary survey data tells us about 2023.
Compensation Strategy & Design
Beyond Data
Infographic of 2023 pay trends in the Tech, Media, and Gaming industry

Employee attraction and retention plague organizations around the globe

Organizations are struggling to fill key roles at every level

Voluntary attrition rate
Brazil 14%
China 13%
United Kingdom 13%
United States 16%

Key roles for which employers will be recruiting in the next 12 months

Brazil 44%
China 54%
United Kingdom 56%
United States 63%

Information Technology
Brazil 69%
China 43%
United Kingdom 61%
United States 59%

Brazil 56%
China 54%
United Kingdom 52%
United States 47%

2022 saw the highest salary budget increases in nearly 20 years

Given the fundamental role salary plays in an organization’s ability to attract and retain talent, employers plan to carry this adjustment through to 2023 – yet remain cautious about how and when they allocate the overall budget.

2022 Overall Actual Salary Increases (Median) 2023 Overall Forecasted Salary Increases (Median)
Brazil 8% 7%
China 6% 6%
United Kingdom 4% 5%
United States 4% 5%

Additionally, organizations leveraged bonus payouts in 2022 and, again, are on track to the same in 2023

16%: Average 2022 projected variable payout for middle managers and professionals.

Brazil 18%
China 20%
United Kingdom 14%
United States 14%

Organizations around the world have taken or are considering taking the same three actions

Compensation review of specific employee populations 51%
Targeted increases for specific employee populations 45%
One-off cash payments (e.g., retention bonus, lump-sum payment or allowance) 44%

Top 3 highest-paid functions across all industries at Professional Level 3 (P3)

Brazil China United Kingdom United States
Technology Product Development Generalist

Journalism - Writing/Reporting Generalist

Product Development - Data Security

Legal Generalist

Strategy Consulting

Digital Multimedia Production

Technology Consulting - Enterprise Application Integration (EAI)

Machine Learning

Machine Learning Back-End Development Media Contract Negotiations Cloud Computing Architecture

Median pay mix for Manager level 3 (M3) in the Data Scientist function

Brazil China United Kingdom United States
Base (%) 60% 85% 67% 76%
Bonus (%) 19% 15% 11% 14%
LTI (%) 21% - 22% 10%

There are a handful of roles that will receive the highest pay premiums across regions

Role Pay premium (Median, in % of base salary)
APAC AI/machine learning frameworks 15%
EMEA AI/machine learning frameworks 20%
LATAM Cryptography, distributed ledger development, smart contract programming 15%
NA Cryptography, distributed ledger development, smart contract programming 15%

Over 7.7 million lines of data across 67 countries globally, our Tech, Media and Gaming Survey gives you access to robust, sector-specific data to help ensure you can make informed reward decisions

Trends that will drive 2023 rewards decisions

  1. Cash compensation will continue to be the most effective attraction and retention tool for talent, but there are also important and effective non-monetary factors to consider, like the organization’s reputation as a great place to work or having a clear path for growth and promotion.
  2. Given high inflation and a tight labor market, organizations will also need to continue focusing on non-monetary elements such as workplace flexibility, diversity, equity and inclusion and improving the employee experience.
  3. As more employees feel the pressures of a high-inflation economic environment, expect to see an increased use of financial education resources to help to alleviate employee stress and increase productivity and employee retention.
  4. There will be a continued focus on skills, thus adding a skills layer to job architecture will enable organizations to gain a stronger understanding of skills required to get the work done at a job level while building overall visibility of the skills across the workforce. This will help organizations think more creatively as to how they can fill high-demand jobs, drive skill-based career mobility and conduct gap analyses to drive effective strategic workforce planning.

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