Business & Finance
News
8/17/2005
02:39 PM
Connect Directly
RSS
E-Mail
50%
50%
Repost This

IT Wage Increases Are Lukewarm--Unless You're Hot Stuff

If you're a network security expert or an Oracle database administrator, try asking for a raise, report says.

Pay for IT workers has remained relatively flat through the first half of 2005, and it has even dropped slightly since this time last year, according to a new report from Yoh Services LLC, a provider of outsourcing and professional staffing services.

"Demand is strong, but productivity is also strong--good resources are doing more work, so that doesn't translate to wage increases," says Jim Lanzalotto, VP of strategy and marketing at Yoh. "You see wages pop up a little, then they pop back--there's been a little momentum, but not sustainable."

Average hourly wages for IT pros in the second quarter was $29.38, nearly flat from $29.31 in the first quarter. The second-quarter pay was down 1.2% from average hourly pay of $29.75 in the second quarter of 2004, according to the Yoh Index of Technology Wages.

The index is based on wage data pertaining to 5,000 IT pros working on short- and long-term projects at 1,000 large employers in sectors such as aviation, engineering, manufacturing, utilities, IT, and telecommunications. The data is compiled from Yom's 40 U.S. field offices.

Compared to a base score of 100, which was set according to average IT wages paid in January 2001, pay in the second quarter of 2005 hit a score of 105.19, down from 106.53 in same quarter of 2004.

Despite the slight year-to-year drop in average hourly wages, there are still a number of skills that are in heavy demand and receive higher-than-average pay, Lanzalotto says. Those include network security experts, who in the second quarter were paid an average hourly wage of $65.01; application developers, who received $54.10; Java developers, who earned $52.59; Oracle database administrators, who made $53.81; and C#,.Net pros, who got $52.09.

Demand was also steady--and pay solid--for ASP .Net experts, who earned an average hourly wage of $50.90; C and C++ programmers, who received $49.97; Cisco network engineers, who made $47.88; and developers of embedded technology, who received $49.46.

Yoh field offices report that demand continues to stay particularly strong for network security professionals and Oracle database administrators, Lanzalotto says, adding, "We're also seeing more application development work, still around Sarbanes-Oxley, and also around ERP."

Comment  | 
Print  | 
More Insights
The Agile Archive
The Agile Archive
When it comes to managing data, donít look at backup and archiving systems as burdens and cost centers. A well-designed archive can enhance data protection and restores, ease search and e-discovery efforts, and save money by intelligently moving data from expensive primary storage systems.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Elite 100 - 2014
Our InformationWeek Elite 100 issue -- our 26th ranking of technology innovators -- shines a spotlight on businesses that are succeeding because of their digital strategies. We take a close at look at the top five companies in this year's ranking and the eight winners of our Business Innovation awards, and offer 20 great ideas that you can use in your company. We also provide a ranked list of our Elite 100 innovators.
Video
Slideshows
Twitter Feed
Audio Interviews
Archived Audio Interviews
GE is a leader in combining connected devices and advanced analytics in pursuit of practical goals like less downtime, lower operating costs, and higher throughput. At GIO Power & Water, CIO Jim Fowler is part of the team exploring how to apply these techniques to some of the world's essential infrastructure, from power plants to water treatment systems. Join us, and bring your questions, as we talk about what's ahead.