Compensation & HR Consulting for Tech Companies

The technology industry is comprised of a wide variety of companies, doing everything from building revolutionary products like AI and robotic automatons to publishing software and advancing efficiencies in niche areas. These companies also span the entire spectrum of the business cycle, from startups to mid-sized businesses and publicly traded mega-cap companies.

While each tech company has unique needs, they are united in their need for high caliber talent and the ability to retain key employees. Designing competitive, creative compensation packages through equity and other incentive structures is a key differentiator for this industry.

According to data from VerticalIQ, the technology industry sustained significant growth from 2021 to 2023. Currently, growth has been driven by the massive push towards AI. While the industry had been challenged with higher interest rates and a slow IPO market, it has surged back, benefiting firms of all types, including those who build AI models themselves, provide the required computing and infrastructure, or offer products related to AI integration and efficiency.

Employment slumped in 2023 and 2024 but shows some signs of coming back to life, per the Bureau of Labor Statistics. However, the use of AI to support software development may reduce the number of developers a company needs and shift the focus toward managing a smaller, more efficient and productive workforce.