The sluggish economy continued to put a damper on salaries of IT pros in 2010, according to a salary report released by Global Knowledge and Tech Republic.
The average salary slid 3.2 percent to $79,579 from $82,115 in 2009, but that's still 8 percentage points higher than the $73,900 average from the 2008 survey. More than 12,000 people globally were polled last October and Novemeber. More than 50 percent reported they received a raise, as compared with 43 percent a year earlier. At the same time, workers' satisfaction grew and they were more optimistic about the overall economy than a year ago, reports bizjournals.com.
Among the results:
- The average raise was 7 percent, with a median of 4 percent.
- The percentage whose pay was cut declined to 7 percent from 11 percent in 2009.
- The percentage of respondents at least moderately satisfied on the job rose to 85 percent, from 73 percent.
- The factors that most affect job satisfaction are salary, respect for the work performed and opportunities to improve skill sets.
- IT workers in pharmaceuticals earned the most ($96,421), followed by aerospace/defense ($93,066), natural resources ($88,835) and IT consulting ($88,007). IT workers in government, particularly those in military and homeland security, averaged $86,808.
- Those who felt their jobs were insecure were four times as likely to report dissatisfaction with their jobs.
- Overall, 38 percent said they are considering a job change, but that percentage grew to 79 percent among those who reported job dissatisfaction.
- Workers over 45, those whose pay had been cut and those whose businesses are in difficult circumstances were most likely to be job hunting.
- Professionals who took IT or business-related training during the past year earned an average of nearly $3,400 more than those who did not.
- More than three-fourths took some kind of training last year, compared with 66 percent a year prior.
It's not surprising that the survey found IT pros seeking out online learning, whether it be a webinar or "lunch and learn" session. However, I was surpised by the finding that older workers were among those most likely to be job hunting, considering age discrimination often rears its ugly head in obvious ways in IT.