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Biggest Salary Increase in a Decade for IT Workers
It is difficult to overstate the impact of COVID-19 and the subsequent social and economic fallout on the labor force. Call it greed. Call it labor finally understanding its value. Call it a response to inflation. Call it whatever you want. The outcome is the same. Workers are demanding higher salaries and more flexible ways of working. This Research Byte summarizes the executive summary of our IT Salary Report 2022.
IT Salary Report 2022
The report is based on our annual survey of representative IT organizations on median salaries and bonuses paid to their IT professionals for positions under study along with other sources of pay data and the US Department of Labor’s Bureau of Labor Statistics (BLS) compensation data. The study also includes job definitions for each position covered.
IT Salaries Rising Despite Economic Slowdown
After several years of growing investment in technology, IT managers are now coming under pressure to restrain headcount, reduce costs, and improve the efficiency of their IT operations due to the slowing economy. At the same time, there is ample evidence that investments in Web-based initiatives, database-centric business applications development, and converged voice/data networks will continue to place upward pressure on salaries for certain job functions where skills are in tight supply. This free Research Byte is an executive summary of our 2008 IT Salary Report, which provides an analysis of IT staffing and salary trends from 2001 through 2007, including our projections for 2008. It also provides extensive tables of salaries for 78 IT job positions in 78 U.S. metropolitan areas for small, medium, and large organizations at the median, 25th, and 75th percentiles.