By April 2024, the median pay for technical recruiters increased by 56%, from $83,750 in September 2023 to $130,750. This growth indicates that companies are staffing up again and are willing to pay more to find the right talent for their organizations.
Salary increases for specific job roles are driven by factors such as increased demand for specialized skills, talent scarcity, and the need to remain competitive in the labor market. Additionally, the integration of AI capabilities in organizations and the focus on profitability and efficiency contribute to the growth in compensation for certain roles.
The median salary for machine learning engineers has seen a significant increase. As of January 2023, the median offer for this role paid $148,300 a year; by April 2024, median offers are coming in at $226,944, reflecting a 53% jump.