Large California-based companies are raising salaries and bonuses to prevent seasoned employees from defecting to a competitor, while compensation for junior engineers just leaving university has gone up 30-50 per cent in the last year, according to several industry insiders.

Microsoft in April announced a pay rise for its 90,000 employees. That followed Google raising salaries by 10 per cent at the end of last year to prevent a loss of talent to other Silicon Valley companies such as Facebook. Read more

Not much was expected from a Macworld without Steve Jobs, but it was instructive nonetheless to ponder today how an Apple no longer fronted by the tech world’s arch showman might look.

Stand-in Phil Schiller did a passable job – though nearly an hour of software demos (new versions of iLife and iWork) made this feel more like the sort of event Microsoft would throw (and probably will later this week, when Steve Ballmer kicks off the Consumer Electronics Show in Las Vegas). Read more