"This finding underlines the significant influence of current job market conditions on salary expectations, with 45 per cent of respondents citing this as the primary reason they would accept a comparable or lower salary for a new position," the Blind survey states.
However, market conditions are not the only influencing factor and the employees working in the tech sector today want more than just a high-paying job. 56 per cent of tech workers said that they are 'open to accepting the same or lower pay in a new role, provided the role fulfills another unmet need'.
"Engineers are lowering their salary expectations, but there is a newly heightened emphasis on non-monetary benefits, like career growth, work-life balance, and company culture," a blog post by Blind states.
'Will trade toxicity for lower pay', says tech worker
The blog post also quotes a Meta employee, who wrote, "I'd rather make less money and be happier."
The post quotes another tech worker, a Salesforce employee, saying that they would work at a lower salary if they work culture is non-toxic. "I would trade toxicity for a lower paycheck," the employee wrote.
Another Meta employee said that the companies offering higher compensation are in 'layoff mode' and their work culture is a 'dumpster fire'.
Meta employee on tech becoming a toxic sector
This isn't the first time that a Meta employee has talked about tech becoming a toxic industry. Last month, a former Meta employee took to LinkedIn to share about her layoff experience. She revealed that she had started working at a local winery after being handed the pink slip by Meta.
She also revealed that her new job pays roughly USD 20 an hour and that she was making a 6-figure salary at Meta.
Talking about how the tech job market is scary and feels toxic, the woman wrote, "This tech job market is scary. I was let go in March from my role at Meta, and to be honest, I gave up on finding another talent acquisition job in the tech sector before I even started. Tech feels like a toxic and volatile place right now."