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No Raises for IT Professionals
In 2010, for the first time in the last 11 years of Information Week’s annual U.S. IT Salary Survey, the median raise for IT professionals is 0 percent, according to the 20,492 IT pros who responded between last November and this January. That flat pay holds true for IT managers and staffers, for both their base salaries and total compensation, which includes bonuses. It holds true for IT consultants and contractors, too. If stock options were the sign of the economic times at the start of the last decade, the salary freeze is the symbol for the start of this one.
The fallout of a long, deep recession is obvious in the data:
>> 40% of IT pros report a pay freeze, compared with 26% in 2009.
>> 15% have had their pay cut, compared with 6% in 2009.
>> 29% have had their benefits scaled back, up from 17% in 2009.
>> Only 23% say the economy has not impacted them professionally, compared with 34% in 2009.
--Source: Information Week
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