It’s no news that the recent economic downturn has been harsh on IT budgets overall, but a new survey has captured the direct impact on IT salaries. The third annual IT Skills and Salary Report compiled jointly by TechRepublic and Global Knowledge gathered pay information from nearly 20,000 participants.
“The recession has held salaries in check for the IT profession,” the report states. “The average salary for respondents was $82,115, up less than one percent over what was reported in the 2009 IT Skills and Salary Report. This is significantly less than the 10 percent gain seen between 2008 and 2009; however, it is consistent with broader salary trends in the United States.
“Less than half of this year’s respondents (43 percent) reported receiving a salary increase, down from 70 percent in the prior year. Two-thirds of those who reported receiving a raise indicated the primary reason was performance in their current position (65 percent). Over 46 percent indicated their salaries were capped without a raise.”
Eleven percent of the respondents reported that their salaries had been reduced during the past year.
Click here to download the report.