IT departments, with the exception of those that serve the housing and credit sectors, have been so far immune to the effects of the economic slowdown. But new data suggests techies are feeling the squeeze as well—and significantly so.
IT compensation remained flat in the first two quarters of 2008, found the 2008 Mid-Year IT Salary Survey from Janco Associates, a management consultancy.
Staff-level IT professionals at large enterprises saw only a .12 percent increase in their median compensation between June 2007 and June 2008, according to the survey, while in midsize enterprises, salaries grew only slightly more, by .49 percent.
Middle managers in IT saw similar salary stagnation, with a 1.18 percent growth in mean income in large enterprises in the last 12 months and an essentially nonexistent .01 percent growth in midsize organizations.
"I've talked to 40 different organizations in the last few weeks and they're very concerned," said Janco CEO Victor Janulaitis. "They don't know what's going to happen to the economy and they're putting things on hold."
1 comment:
I hear a lot of people saying that they can only find minimum wage jobs but look at these high paying jobs posted online:
http://www.realmatch.com
http://www.simplyhired.com
http://www.monster.com
Its like I hear one thing and see another.
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