For more info on a specific newsletter, click the title. Details will be displayed in a new window.
Subscribe to
Computerworld 40 years of the most authoritative source of news and information for IT leaders.
|
|
|
|
October 28, 2002 (Computerworld) -- For the past year, Bank One Corp. in Chicago has been steeped in a massive project to consolidate disparate financial systems added through acquisitions. The bank has taken advantage of the flush market in IT workers to hire more than 1,000 people with expertise in networking, telecommunications, data center operations, management, business analysis, Cobol and PCs, making technology one of the busiest areas of the company.
Quite the opposite is true at a major national insurance company in the Midwest. There, the picture could hardly be bleaker. "We're under a ton of expense pressure," says the vice president of IT, who asked not to be identified for fear of embarrassing his company. His budget is flat, and he's cutting back everywhere. There's no money for new hires, and, with management weeding out subpar performers, no one feels secure. "Going into 2002, we were somewhat optimistic," the vice president says. Not so today. "We're just trying to hold the line," he says.
The sharply contrasting experiences of the IT departments at these two companies sum up Computerworld's 16th Annual Salary Survey quite well. Although IT professionals on average saw an increase in pay, the bottom line for workers is influenced today more by where they work than what they do.
Our 2002 survey of IT professionals shows more than half (59.7%) of the 9,138 respondents had an average 6% uptick in their salaries, although more than 70% of respondents were flatlined on bonuses. Conversely, the average increase in pay for U.S. workers was just 4% this year, according to the U.S. Department of Labor's Bureau of Labor Statistics.
A much smaller percentage of Computerworld's survey-takers took pay cuts: 9.5% said their salaries dipped an average of 13.1%. Roughly 30% reported no change in their salaries.
The fact that the average raise was 6% surprises Kazim Isfahani, an analyst at Robert Frances Group Inc., a consulting firm in Westport, Conn. He speculates that workers delivering bottom-line results may be getting most of the money in the salary pool, while others are being let go or retrained.
Isfahani says he expects no change in the salary picture during the next six months and adds that unlike 24 months ago, IT workers are staying put because of the economic uncertainty. But he suggests that CIOs think beyond that. "Once the economy improves, more [workers] will get up and leave, especially if they've been unhappy," he says. "And from an organizational perspective, companies have to think about what they need to do to make sure key jobs are backfilled."
|
Print this Story |
|
Send Us Feedback |
|
E-mail this Story |
|
Digg this Story |
|
Slashdot this Story |
|
|
|
|
|
|
|
 |
|
All Zones Application Performance Zone Enterprise-Class Security Zone Enterprise Solutions Zone The File Data Management Zone Grid Computing on Windows Zone Security Management Zone ITIL Best Practices Zone The SAS Zone Storage Virtualization Zone The Data Center Management Zone |
 See your link here
|
 |
||||||||
| ||||||||
| ||||||||
| ||||||||
|
Download this Computerworld Report, free, compliments of HP.
Long Tail Supplier Collaboration - What's In It For You? 
Download this white paper, free, compliments of Sunbelt Software.
Read up on the latest ideas and technologies from companies that sell hardware, software and services.
- Mozilla launches Firefox 3.0 RC1 early
- Microsoft: Don't misunderstand UAC, other Vista features
- HP confirms XP SP3 endless reboot snafu, promises patch
- More top stories
|
March 9-11, 2008 |
The Impact of Messaging and Web Threats Messaging, internal and Web-based threats are increasing in number and severity. The risks to organizations large and small are real problems that users and their employers face if they do not establish adequate defenses against this growing variety of threats.Read this Osterman Research paper to learn how organizations must implement a layered defensive strategy to protect against all types of threats and how Sunbelt Software can help. Download this white paper now
|
 Fired up about IT? Join Sharkbait and share your true tales of IT. SharkBait is the place for you to sound off about everything IT – the good, the bad, and the rest of the weird stuff you deal with every day.New baits 
|
| XenServer FREE trial Citrix XenServer is the simplest and most effective way to virtualize and provision servers. XenServer combines comprehensive server virtualization capabilities with unparalleled scalability, performance, economics, and ease-of-use. Based on the open source Xen hypervisor, XenServer delivers fast performance, easy management, and advanced features such as live migration. |
CIO
Computerworld
CSO
DEMO
GamePro
Games.net
IDG Connect
IDG World Expo
Infoworld
The Industry Standard
ITworld
JavaWorld
LinuxWorld
MacUser
Macworld
Network World
PC World
Playlist
Copyright © 2008 Computerworld Inc. All
rights reserved. Reproduction in whole or in part in any form or medium
without express written permission of Computerworld Inc. is prohibited.
Computerworld and Computerworld.com and the respective logos are
trademarks of International Data Group Inc.
|
