IT Salaries Rising Again
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 monthsthe 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.