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How Remote Work Is Changing Tech Salaries In The Era Of Coronavirus

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Never before in the expansive span of human history has progress marched at such a rapid pace. While it is natural for humans to improve their ability to improve things as time goes on, the speed with which so many new developments have emerged in parallel is unprecedented. Take the ubiquity of smartphones for example; those working on the early prototypes could scarcely conceive the pace at which their early models would evolve—not just in terms of power or capabilities, but in accessibility.

Today, technology has infiltrated almost every element of human existence—we use our phones and devices to order everything from takeaways to romantic partners—but no aspect of life has been so heavily impacted by these rapid-fire changes as work. From the SMEs to the largest multinational corporations, the level of technology that sustains their work has expanded exponentially and with that expansion, a myriad of jobs have been made obsolete, while whole new sectors have arisen.

The urgency with which businesses have been forced to adapt from operating the solitary office fax machine to a cloud-based management software cannot be underestimated—nor can the pressing need for not just a website, but an online presence and a digital experience. As Bob Dylan pointed out in his seminal 1964 classic, “The times they are a-changin’” and they haven’t stopped mutating since.

The Impact of Covid-19

With change comes opportunity. Jobs that were unimaginable as recently as 10 years ago are now highly-sought-after, well-rewarded positions. The tech industry has blossomed and we are long past the stereotypes of nerds sitting in their parents’ basements—the global IT industry is set to be worth $5.2 trillion in 2020, showing that not even the Covid-19 pandemic has hindered the sector’s innovation and expansion.

Indeed, there is even evidence to show that the tech industry has benefited from the pandemic as more people work from home as part of social distancing policies, meetings have shifted from the office to the screen and workers around the world have scrambled to adapt to the new normal.

While there is an abundance of jobs that simply cannot be done remotely and many people are concerned about the future of their work, the pandemic has brought existing fears about the sustainability of certain jobs to the forefront. It is against that backdrop that you might see this as the time to retrain, improve your skills, or broaden your knowledge.

Remote Solutions to Global Problems

As the world reels from the Covid-19 pandemic and people dutifully stay indoors, there is an opportunity in crisis. The global online education sector has grown in line with technological advancements and was valued at more than $18 billion in 2019. Now, with Covid-19 making physical learning all but impossible, the sector is set to grow further and with it the range of courses offered and skills to be gained. Increasingly, people are seeking out new skills to future-proof their work and digital skills such as coding, data science, and software engineering.

The range of coding bootcamps available online means that there are courses to suit every level, whether you’re looking to completely retrain and develop totally new skills or are a beginner looking for courses that decode the jargon of coding. You can set the pace of your education to learn at a pace that suits you. These bootcamps cover an expansive variety of skills to develop, all at a level of understanding that you’re comfortable with.

Maybe you already know the basics or work in tech and are looking for the next step up the career ladder—online learning is the gift that keeps on giving. Even before the pandemic, more and more universities were moving online to offer high-quality courses that help you develop the skills you need to get ahead in programming languages, data analytics, or app development.

It can sound daunting, particularly if this is a completely new area of expertise that you’re opening yourself up to, but now is the time to work on yourself and the future of your work.

The Time for Tech

It’s not just the increased popularity of remote learning that has grown; the demand for these digital skills has been fueled by the resilience of the tech industry in the face of the pandemic. Across the UK, Canada, and the US, salaries have risen by as much as 13 percent from 2018 to 2019 for software engineers. More and more jobs are seeking digital-savvy employees and it’s not just in the tech sector alone; everyone, from governments to non-profits, is urgently looking to adapt to the new realities brought about by changing technology.

This means that having experience in coding or an understanding of cybersecurity can take you much further than you might think. It can also mean you’re looking at a much juicier pay packet as digital skills are in demand. Globally, the demand for employees in augmented reality and virtual reality jumped by 1,400 percent between 2018 and 2019. Emerging technologies mean that fewer people have the skills required to do the jobs associated with them and so the bargaining power rests in the hands of those who adapt to the changing market needs.

The Covid-19 pandemic has brought a grizzly end to many industries and proved immensely challenging for all businesses, but the growing demand for tech-based solutions to these challenges makes now the perfect time to imagine a new career path. The first step could just be a click away.  

Artur Meyster Author
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Artur Meyster Author
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