Over the last few years, there's been a lot of gushing about the tech industry. We're totally on board with people raving about new innovations and applications, but most of what the average American hears has nothing to do with any of that. Instead, they're reading how easy it is to make your fortune in technology just by building an app... or they've watched Silicon Valley and think all you do is determine questionable ratios and algorithms. Neither scenario is typical.
Our annual Inside Technology Market Survey turned up a lot of good information (request a copy of the report here), but today we're using it to dispel three major myths about the tech lifestyle. Feel free to share it the next time someone makes a joke about hoodies.
Myth #1: Tech pros work round the clock.
Earbuds in, techno blaring, Red Bull close at hand. It's only been 18 hours since this programmer last slept, so she or he's got at least another 20 in him before an energy crash--plenty of time to finish up this major project.
While everyone's met someone like that (maybe even briefly been that person), the vast majority of our survey respondents said, "Nope." Only 14% of participants said they regularly work more than 50 hours a week; most (60%) clock between 40 and 50.
Myth #2: Bonuses flow freely.
In the industry, bonuses are common but they aren't an Oprah-esque free-for-all. Fifty-seven percent of our survey participants said they received one in the last year, but 59% of the bonuses were 10% or less of the recipients' base salary. That's a welcome check, but not a jackpot.
Myth #3: Tech pros work in offices with an in-house chef, a kegerator, and a trampoline.
There are some pretty wild ideas out there about tech company perks--and let's face it, there are great perks available in the tech industry. But according to our research, the most common ones are related to quality of life, not an office wow factor. Our survey found that the perks people received most often were remote work (64%), flex work (52%), and company-provided snacks and meals (20%).