Salary survey: Net skills boom in steady market The heartening recovery in the IT jobs market levelled off in the first quarter. Full-time jobs advertised on the web in old-fashioned mainframe and minicomputer sites grew more quickly than elsewhere, although these jobs now account for only around 5% of the total. Employers of IT staff in all settings are driving hard bargains, although IT directors were particularly well-favoured over the quarter. (May 2005 ComputerWeekly)
2004 IT Salary Survey: Salaries Stagnant For IT Staff Some respondents report salary declines as high as 20% over the past three years. Still other respondents report that many new opportunities have gone to outsourcing firms, while internal IT salaries have remained flat. Premiums are now given for adaptability and attitude over raw skills -- except for assembler language experience on mainframes. (Jun. 2004 Enterprise Systems Journal)
Offshore Outsourcing Hits IT Pros Where It Hurts Offshore outsourcing is the bogeyman, because it gives American firms more clout by reducing their dependence on the pool of onshore skills. This has allowed them to drive down bonuses for IT workers in a number of positions—including jobs that aren’t typically sent offshore. Pay for both non-certified application programming and enterprise application development skills declined by an additional 2 percent in Q1 of 2004, and by between 19% and 21% over the last two years alone. (Jun. 2004 Enterprise Systems Journal)
Workload's Disconnect with Pay The reality is that in many cases corporate downsizing has forced an increased work burden on the best and the brightest in the workforce. It also appears that slightly more of the burden of increased workload is falling on the managers rather than on the senior executives, though the compensation for executives has increased significantly more for them. (Jun. 2004 Darwin)
Entry-level infotech salaries take a hit Entry-level salaries in the Indian software industry are taking a beating, with freshers being offered 5 to 10% lower salaries this year. In sharp contrast, mid-level and top-level professionals have seen their salaries shoot up by 35 - 50%. Freshers salaries used to go up by 30% to 40% every year till 1999 and even 2000. (Apr. 2004 Economic Times)
IT salary survey report Get a glimpse at what top IT executives are making by looking at this sample from an IT salary report. Medium to smaller enterprises are paying more for fewer key employees and are more interested in quality than quantity. However, the salaries for new-hires are still a bit lower than last year. (Apr. 2004 TechRepublic)
India's salary hot-spots: best-paying cities An Indian COO can expect to earn a median salary of $110,000, which translates into a pay-cheque of $123,000 in Mumbai. If you’re a Chief Computer Programmer, expect an Indian average of $24,000 – and of $27,000 in Mumbai. In cybermecca Bangalore, the same job will get $21,000. (Jan. 2004 Economic Times)
'Signs of Life' Expected in 2004 IT Salaries CIOs and IT managers just may be seeing an increase in the money they're taking home this year -- the first increase they've had since 2001. Lower-level IT workers, however, may not be so fortunate. With more of their jobs being moved to other countries, like India and China, the demand for them is lower. And that is keeping pay down for programmers, help desk workers and business processors. (Jan. 2004 Datamation)
Reeling in a bigger salary Those who manage 100TB to 500TB earn $5,000 more than those managing more than 500TB. People at companies with 101 to 250 employees earned $5,000 more than those with greater than 10,000 employees. If you work in a dedicated storage group rather than as part of a systems, network or operations group, you likely will be paid, on average, $10,000 more. (Dec. 2003 Storage Magazine)
Mainframe Salaries Barely Keep Pace with Inflation, Benefit Costs Most mainframe system programmers have consistently received raises over the last few years, although most concede that these have barely kept pace with — and in some cases, have lagged behind — the cost of living and, increasingly, the rising costs of healthcare plans. Big Iron is a great place to be for the foreseeable future. (Nov. 2003 Enterprise Systems Journal)
Is U.S. tech self-destructing? The real advantage that overseas competitors may have against their US counterparts in the tech sector, however, is the cost of top management. Top management remuneration is not just significant, it may be the largest single element in a company's costs. In other countries, needless to say, such largesse is unnecessary. (Nov. 2003 United Press International)
Salary Squeeze Most IT professionals received only modest pay raises, as well as flat or smaller bonus amounts. QA specialists saw the largest pay decreases (down 5.5%) in the past year. But even bigger morale-busters than pay cuts are the daily fear of being laid off and the lack of job security in IT overall. (Oct. 2003 Computerworld)
What Are U.S. Developers Worth? On the surface, salaries look good. But while the median salary for staff climbed steadily from $70,000 in 2000 to $74,000 and $77,000 in the following two years, in 2003 the median staff salary remained at $77,000. This year, the salary for those using Visual Basic is actually lower than for those using Cobol. (Oct. 2003 Software Development)
No recovery until 2006 for IT contractor market While demand for contractors has stabilised and there are signs the downturn is beginning to bottom out, it is "far too early" to talk about a recovery. Last year was the worst on record for the IT Staff Agency market, which shrank by 23 per cent and the latest report predicts this year will not be much better with a 17 per cent decline. (Oct. 2003 Silicon.com)
IT salaries in India and USA contrasted While comparisons are no doubt odious, a programmer can earn $66,100 in the US, but only $10,000 in India. An IT manager only picks up $8,500 in India, while in the USA she or he can expect to earn around $55,000. The number of computer jobs that will move from the US to India by 2015 is estimated to be 427,632. (Aug. 2003 Inquirer)
2003 ITtoolbox Salary Survey Find out how your salary compares by skill set, experience level, and region of the world. How do IT salaries compare in different regions of the world? At what rate are IT salaries growing and in which regions are they growing the fastest? How do salaries for different IT skills compare? (Jul. 2003 ITToolbox)
Tech salaries edge up but stock options vanish Information technology workers got a slight pay raise in 2003, but long-term employee incentives such as stock options declined. More and more companies consider short-term incentives tied to business unit performance the best way to motivate IT employees. (Jul. 2003 ZDNet)
IT Salaries Coming Back to Life in Q2 The mean salary for all IT positions in large enterprises moved up to $80,030 in the second quarter. That's up from $78,687 in the last quarter of 2002. More enterprises are shopping around for senior experienced staff to fill new positions, increasing the demand for IT professionals with more than five years of experience. (Jun. 2003 Datamation)
IT Salaries Drop Nearly 10% in Q1 IT workers suffered a 9.2 percent drop in wages in the first quarter. It seems any kind of salary safety comes with age -- or at least years of experience. A recent survey showed that the over-40 workforce has grown and their salaries have remained steady during today's economic slump. (May 2003 Internet News)
IT pros need 'better communications skills' The days of IT pros being "resident office nerd, allergic to conversation and operating in a world of their own" will soon be over. Recruiters also warn that failure to offer such skills could cost an IT worker around AU$15,000 (US$10,000) per year. (May 2003 ZDNet)
Wasted talent US companies are resorting to drastic measures to keep their IT departments intact. Declining morale and burnout of IT staff has prompted cash squeezed IS departments to think of ways to keep their existing IT talent on board, offering them anything from skills development programs to – shock and horror – pay rises. (Apr. 2003 MIS)
2003 Salary Survey: How Do Your Earnings Stack Up? Developers are earning record amounts—if they manage to stay employed. Base salary averages $76,000, while total compensation averages $81,000. Higher salaries for managers are partly responsible for this significant rise in compensation. (Apr. 2003 Visial Studio Magazine)
Party time: Salary hikes, promotions await Infosys staff Headcount at Infosys Technologies touched the 15,000 mark for the year ended March 31, 2003. The company intends to add another 800-1,000 persons in the current quarter. While the company had given variable pay hikes of 10/11% in previous years, this year in addition, it will also promote people. (Apr. 2003 India Times)
Companies Paying to Retain Tech Talent The overwhelming majority of firms continue to pay IT employees more than their non-technical counterparts. The level is approaching the historic high of 80 percent in 2000. We expect IT compensation to actually rise, in some cases at the expense of non-IT employees. (Apr. 2003 CIO Information Network)
IT directors rake in top pay Nearly one in ten UK IT directors and chief executive officers earn more than £110,000 ($174k) a year. But if you aren't part of IT's user elite but have eyes on becoming an IT director, be prepared to put in the hours. Almost a third -- 31.9 percent -- work more than 50 hours each week. (Apr. 2003 ZDNet)
UK techies work hard but can afford to play hard Just over a fifth of respondents earned below £25,000 ($39K) per year, 35% are in the £25,001-£40,000 range and 20.7% take home between £40,001 and £55,000 every year. Nearly 11% earn between £55,001 and £70,000 a year; 8.5% £70,001 to £110,000; while 3.4% are paid over £110,000 ($173K). (Mar. 2003 silicon.com)
IT Workers Find Experience Counts IT workers age 30 and under have seen their salaries slip this past year by an average of almost 7%; those under 24 saw their wages slide by nearly 9%. Paychecks issued to IT workers age 40 and over hardly budged between 2001 and 2002, but workers 50 and older actually saw a 1% bump on their pay stubs last year. Age and experience are back in fashion. (Feb. 2003 InformationWeek)
Economic forces seriously reduced IT workers salary increases in 2002 Two thirds of respondents indicated that they received increases of 3% or less in 2002. In 2001, only 52% of respondents reported receiving salary increases of 0-3%. The percentage of females earning the same as men fell significantly in virtually every salary category above $40,000. (Feb. 2003 BrainBench)
2003 Looking Bright for IT Salaries IT salaries have stopped falling and demand is up for some specialties. Enterprises are opting to keep and hire senior experienced staff. However, compensation for CIOs is back to 1998 levels because of the lack of bonuses. (Jan. 2003 Datamation)