One of the strongest sectors in Toronto, the tech industry continues to make tremendous strides and growth in 2022 despite the uncertainty of the national economy. With unemployment rates below pre-pandemic levels and the increased acceptance of remote work, IT workers have more choices than ever on what and where they want to work. Motion's 2023 Toronto Tech Salary Guide pours through the data to give technologists in-depth insights into the most pressing topics inside the tech industry, including:
In addition to market insider information that 30 years of experience deep inside the tech recruiting world brings, our 2023 Toronto Tech Salary Guide includes in-depth compensation averages for hundreds of IT job titles. As always, our goal is to provide you with the data and insights you need to make the right decisions in the tech job market and have the proper expectations when hiring top IT talent.
A major Toronto tech trend in 2023 will be the continuing growth of both businesses and workers from outside Canada gaining prominence here. Because of the easier nature of getting a work permit, more tech workers are moving to Toronto, and with relatively inexpensive labor compared to places like San Francisco, American companies are pouring more money into Canadian cities.
Executive Director
"For junior-level workers in the tech community, 2023 will be the year of contracting. With some companies looking to reduce costs, contracting will become a way for those getting their start in IT to get their foot in the door and establish experience. Those that thrive in that environment will then have their options open to be full-time or to continue on as a contractor in new positions."
Vice President
"In 2023 the tech industry will see an increased spending and hiring in both Cloud Computing and Machine Learning. The increase in computing power due to the advances in quantum computing and AI has been a boon to tech companies, and continuing to advance in this sector will be key to success for many businesses."
Chief Information Officer