IT Salaries Rising Again

 
 
By Lisa Vaas  |  Posted 2003-06-13 Print this article Print
 
 
 
 
 
 
 

Study found that average salaries in large enterprises climbed this quarter to $80,000.

IT salaries downward spiral has slowed as demand for IT pros has stabilized, according to a new report released this week from Janco Associates Inc., a Park City, Utah, management consultancy that focuses on IT. The report, "2003 Mid-Year Information Technology Compensation Study," found that the mean salary for all positions surveyed in large enterprises climbed to $80,030 in the second quarter of 2003, from $78,687 in the final quarter of 2002. In midsized companies, median pay grew to $75,769 from $72,619. That small increase means that at least in large organizations, pay is not keeping pace with inflation, the report found. At midsized companies, compensation is falling for certain positions, such as e-commerce and wireless. For example, voice/wireless communications managers salary at midsized companies fell 10.98 percent, from $107,244 in January to $96,632 this month.
Overall salaries for top-ranking IT executives also shrank overall during the past six months—the second consecutive year since 1985 where such shrinkage has occurred, the report said. According to the report, reductions in performance bonuses for senior positions account for most of the decrease.
The report found high demand for jobs associated with the Internet and e-commerce, including Webmasters, voice and wireless communication, object programming, data security and data warehousing, in spite of the fact that salaries are falling for many of these positions. Another finding was that a large number of workers between the ages of 50 to 65 years are postponing retirement due to their retirement portfolios loss of value. Many of these individuals have taken positions that pay less, have less responsibility and more modest titles, in order to stay employed, according to the report. This has resulted in an overqualified work force that is providing superior training for greener IT staff, which is in turn causing higher productivity, the report found.
 
 
 
 
Lisa Vaas is News Editor/Operations for eWEEK.com and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on eWEEK.com, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.
 
 
 
 
 
 
 

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