Feeds

IT salary survey says: ‘You’ve never had it so bad’

Dot-com crash a 'cake walk'

Build a business case: developing custom apps

Compared to the current job market, IT professionals should recall the collapse of the dot-com bubble with a fondness for the good ol' days.

That's according to the latest bi-annual IT salary survey from management consultant Janco Associates, which has painted a dreary picture for tech workers. The firm called current conditions "a perfect storm" of company closures, layoffs, cost cutting, outsourcing, and retirees returning to work. That massive surplus of IT talent is matched by what the firm reckons is the lowest hiring demand it has observed in the 15 plus years it's conducted the salary survey.

The study said that extensive layoffs, cost-cutting and hiring freezes have eliminated higher-priced positions, and in some cases lowered wages.

For "mid-size enterprises", the mean salary for all IT staff positions has dropped 0.75 per cent to $60,279 compared to a year ago. The mean salary across all mid-sized enterprise IT positions has dropped 2.91 per cent to $73,607.

For "large enterprises", IT staff position wages have dropped 0.89 per cent to $65,956. Mean salary across all IT positions have dropped 1.2 per cent to $81,128.

Many companies have also reduced benefits such as health care provided to IT professionals. While these benefits are still available, workers are now paying a greater portion of costs. For the second time in less than 10 years, retirements are being put off because of the downturn in the stock market.

Positions with high layoff and outsourcing potential for smaller companies include software engineer, network technician, network services admin, director of IT planning, manager of technical services, and disaster recovery admin. Positions that still have a high level of demand include database manager, internet systems manager, database specialist, and systems programmer.

"The job market for IT professionals is one of the worst that I have seen since the late 1970s. There is a surplus of IT talent and companies are in a cost-cutting mode," Janco Associates chief executive Victor Janulaitis said in a statement. "The dot-com bubble was a cake walk compared to this job market."

A summary of the survey is available here. The firm said its data is collected throughout the year from business throughout the US and Canada with more than 50,000 workers polled. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.