Tech salaries up five per cent in 2010
Six quarters of growth
Posted in Management, 21st January 2011 11:42 GMT
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Last year saw continued growth in demand for IT staff, and a five per cent increase in salaries.
Finance positions were down six per cent, but demand for both permanent and contract staff working in retail increased.
The most sought-after skills by employers were SQL, C and C#, although C saw a four per cent drop in demand.
In the second half of 2010 job adverts for Agile and VMWare both increased, according to jobs site CWJobs.
Richard Nott, website director at CWJobs, said the figures showed the resilience of the IT market which increased throughout the year.
But despite growth of eight per cent in the second and third quarters, and a five per cent increase in job adverts in the final quarter, job ad levels overall are still half of what they were in 2007 or 2008. ®
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COMMENTS
if rates are going up everywhere...
...except where you work and you are happy to stay around and accept it, it says as much about you as your company.
I'm no kind of genius but I've still managed to never work more than 8 months a year and bump my salary up nearly 20-fold since 1999, through the .com crash and the worst recession in living memory just by being a) prepared to take whatever opportunities are offered and b) not hanging around in jobs where my employer doesn't appreciate the value of their employees and offer them incentives to perform, progress or just stay.
If no-one will accept the going rate for their skills it creates a scarcity that drives rates up.
Grow a spine, people and get some buccaneer spirit. aaar!
Can you send this to my boss...
...because I bet I won't be getting a 5% pay rise!!!
To all those complaining about their rises
The article is about a rise in rates advertised for new hirings.
You will eventually realise, if you haven't already done so, that the best way to increase your salary is to move to a new job. Many employers take the understandable, if harsh, view that a rise for an existing employee is just paying more for the same old thing.
Count yourselves lucky that you probably work with skills that are easily transferrable and relatively hard to acquire. The job market is your crustacean!
This is about the AVERAGE, not something useful
Suppose in 2009 you have developers on:
£100k, £70k, £70k and £60k
You give no pay increases, and make one redundant. Then for 2010
£100k, £70k and £70k
Not good news for the developers, but the AVERAGE improves by nearly 7%
Wow -- what company, are they hiring???
Reg'o dudes, I think you may want to clean out your pipes as most of us were quite lucky for 1% -> 2% (average our place 1.4%) vs. being unemployed so 6% sounds like a wee bit of crack smoking given the current market.
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