Computerworld's 2007 Jobs Report: Back From the Brink
After a big tumble in 2002, IT salaries have been climbing steadily. But for IT workers trying to regain their financial footing, a string of 3% increases makes the going tough.
Computerworld - Jason Kent is in a tough spot.
As an assistant information systems analyst at the California
Department of Corrections and Rehabilitation in Corcoran, Kent splits his time
between providing help desk support to 400 to 500 end users and handling IT
procurement activities.
Kent's workload has increased considerably since he joined the IT
group three years ago. His salary has increased, too, with a 5% annual pay
increase this year through his union contract. That's a good measure higher than
the 3.7% average increase that other IT professionals fetched in 2007, according
to Computerworld's 21st Annual Salary Survey.
Problem is, a 5% boost for Kent works out to only a nominal
increase. He started with the corrections agency at a salary well below the
$80,000 median for the 9,290 IT workers and executives polled by
Computerworld. And while living and working in the Corcoran area, which
sits halfway between Fresno and Bakersfield, isn't as expensive as it would be
in Los Angeles or Sacramento, it has been difficult for Kent and his family to
make ends meet.
Although he has explored other opportunities, Kent fears that if he
takes a position in the private sector, he'll end up with less job security.
But "I'm not making much more than I would if I were the manager of
a McDonald's or a Starbucks," he says.
Although IT professionals who work in the public sector typically
earn less than their private-sector peers, Kent's situation reflects the
challenges that many working-class technologists are facing. According to the
Bureau of Labor Statistics, U.S. IT employees still earn an average wage more
than double the $36,140 median income for full-time workers; however, double-digit increases in gas prices and rising costs for groceries and other items are
devouring their salary gains.
Yet there is good news for IT pros. After a substantial drop in
2002, IT pay has been slowly recovering, with small gains reported in each of
the five years that followed. Plus, 75% of respondents to this year's survey
reported that their salaries had increased, and 72% reported an increase in
2006.
And maybe most important, demand for those with specific IT skills, such
as seasoned Web developers and people with network convergence skills, continues
to climb and place upward pressure on salaries, according to recruiters, hiring
managers and labor experts. In fact, IT workers with jobs that utilize their Web
and networking skills saw their salaries outpace the 3.7% median increase.
"There's a supply-and-demand impact here," says David Van De Voort, a consultant at Mercer in Chicago. Although IT
workers' compensation isn't skyrocketing like it was in the dot-com years, their wage gains continue to outpace those of the general workforce, he adds.
Meanwhile, many CIOs say turnover is starting to creep up while
demand for project management, J2EE and enterprise architect skills are pushing
salaries for many of those professionals higher, says Van De Voort. But that
tells only part of the story. Although heightened demand for IT skills is
lifting compensation across the market, not everyone is benefiting.
Survey Results
In Depth: IT Salaries on the Rise |
||
- 10 Hot Big Data Startups to Watch
- 11 Unique Uses for Google Glass, Demonstrated by Celebs
- How to Export Your Google Reader Account
- How to Better Engage Millennials (and Why They Aren't Really so Different)
- Telltale signs of ATM skimming
- 20 security and privacy apps for Androids and iPhones
- Big screen con artists: 7 great movies about social engineering
- IT Certification Study Tips
- Register for this Computerworld Insider Study Tip guide and gain access to hundreds of premium content articles, cheat sheets, product reviews and more.
- Deliver Customer Value with Big Data Analytics Big Data requires that companies adopt a different method in understanding today's consumer. Read this white paper to learn why Big Data is...
- Cloud Analytics for the Masses Learn the best practices in building applications that can leverage volume, variety and velocity of Big Data for organizations of any size.
- An Interactive eGuide: DDoS Attacks In today's world, Distributed Denial of Service (DDoS) attacks on organizations are becoming more prevalent. The number of attacks are increasingly annually with...
- The Total Economic Impact of Mimecast's Unified Email Management (UEM) Solution This research provides a framework to evaluate the potential financial impact of unifying your email management in the cloud. Learn More.
- 3 Reasons Why Sepaton is the World's Fastest Backup Solution Leading analyst, Storage Switzerland learns how Sepaton backs up and deduplicates massive data volumes while maintaining the industry's fastest performance - all in...
- Virtustream (Vayence) video taking a 3000-Seat SAP Environment to the Cloud How can public cloud services help your organization reduce costs and increase security for your mission All IT Careers White Papers | Webcasts
