eBay Inc (EBAY) PayPal Offering $120,000 Salary To IT Experts

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In a program, CNBC’s Mary Thompson reported that US based companies are having problems in finding the right talent in the technology sector. This can culminate into a long term problem. According to a recent report, one tenth of the six million jobs in the US in the third quarter was IT related. eBay Inc (NASDAQ:EBAY)’s PayPal has started its hiring spree. The company seems to experience difficulties in searching the right technology experts for its future endeavors.

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Thompson also quoted a report from the labor department, which says that by 2020, there will be a rise of jobs in the technology sector by 20%. The program showed excerpts from an interview of James Baresse, who is eBay Inc (NASDAQ:EBAY)’s PayPal CTO. He thinks that every industry is teeming with the need of the right technology talents. The deep software penetration has forced companies to search for the right tech enthusiasts. The program narrated that the emergence of new technologies like Cloud have created a need of new skillset, which, unfortunately is not present in the majority.

People often claim that there are no jobs in the market. But the report says that this is not the case. Companies have revamped their job description according to the emerging technological trends. They cannot hire people with a limited set of skills which are outdated. eBay Inc (NASDAQ:EBAY)’s PayPal has big piles of cash to offer to its employees, but the requirements are arduous too.

eBay Inc (NASDAQ:EBAY)’s PayPal is offering salaries from $150-$120,000 for the right candidates. The companies around the world are expanding their search canvas for the talent hunt. This has given rise to freelancing and remote work, which is now one of the top streamlines of revenue for the job industry. Strangely, technology jobs are not one of the top paying jobs in the US for 2014.

Carl Icahn‘s Icahn Capital Lp has around 30.8 million shares in eBay Inc (NASDAQ:EBAY).

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