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IT Salaries: Looking For Love
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SunitaT0
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SunitaT0,
User Rank: Moderator
6/30/2014 | 8:13:53 AM
Re : IT Salaries: Looking For Love
@Susan, thanks for the post. Its not surprising to know that more than half of the respondents said they are  not happy with the compensation. Many Indian IT workers are unhappy because they are getting salary hike in the range of 10-15% but this raise is offset by steep inflation.
progman2000
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progman2000,
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6/30/2014 | 8:51:45 AM
Re: Re : IT Salaries: Looking For Love
I'd like to know how satisfaction with compensation correlates to length of tenure at an employer.  In other words, are the most satisfied the longest tenured, shortest or neither?

Then again I always question metrics like this, because I think most people will never be satisfied with their salary (and really, should you be?).
Hospice_Houngbo
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Hospice_Houngbo,
User Rank: Strategist
6/30/2014 | 9:49:42 AM
Re: Re : IT Salaries: Looking For Love
@progman2000:

" I think most people will never be satisfied with their salary (and really, should you be?)."

It depends on the work load and employees' responsibility in the workplace and how they feel connected with the company. If they feel that they are overloaded with duties when the leadership is reaping all the benefts, they will never be satisfied with both their work and salary.
Hospice_Houngbo
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Hospice_Houngbo,
User Rank: Strategist
6/30/2014 | 10:04:02 AM
Re: Re : IT Salaries: Looking For Love
@Sunuta:

"Many Indian IT workers are unhappy because they are getting salary hike in the range of 10-15% but this raise is offset by steep inflation."

Sometimes employers cannot afford to raise salaries above a certain level due to some constaints and employees will have to understand that. 
progman2000
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progman2000,
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6/30/2014 | 10:12:40 AM
Re: Re : IT Salaries: Looking For Love
My point was mainly satisfaction can lead to complacency, which can lead to professional stagnation.  If you are constantly in that mindset of constantly wanting 'just a little more' I think it can make you more aggressive professionally.

Maybe that's not always a good thing - has been for me though.
sferguson10001
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sferguson10001,
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6/30/2014 | 10:15:58 AM
Bonus
@Susan: Does either the salary survey or the reader poll take into account the issue of bonuses? While many people are often unhappy with their base salary, the bonus usually helps add something to the bottom line at the end of the year. Since bonuses are taxed like income, it can feel like you're short changed, but it's still additional income. 
yalanand
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yalanand,
User Rank: Moderator
6/30/2014 | 12:19:12 PM
Re:IT Salaries: Looking For Love
I think overseas IT salaries have hit a major low in recent times, to cope up with inflation, but hasn't been quite able to do so. Moreover, since the cost of living in the states (including the new bracket of taxes levied by the Obama government) have gone up, people are finding their 100k salary inadequate. But the eastern IT people have it far worse. They are paid a base salary that looks little when compared to the salary of the US IT people and real estate prices have gone up in these developing countries, and the salaries paid by their companies aren't enough to feel satisfied about.
cafzali
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cafzali,
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6/30/2014 | 1:46:00 PM
sadly, this tracks all industries too
I'd wager surveys around salaries in most any industry would uncover a similar amount of discontent. And when you look at the latest research that shows that while we've regained the jobs lost during the recession, we're still years away from regaining the lost earning power, the discontent is likely to continue. 

Sadly, there have been a relatively few years over the last 20 when, unless you had a very specialized skill, you were in the driver's seat as a job seeker or employee. 
vnewman2
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vnewman2,
User Rank: Ninja
6/30/2014 | 2:18:53 PM
Re: sadly, this tracks all industries too
What else am I missing? What's making so many IT workers dissatisfied? Personally, and probably like most other people in "service" related industries, no amount of money can make up for the politics, bureacracy, and lack of respect from the people you are trying to help.
grcpro
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grcpro,
User Rank: Apprentice
6/30/2014 | 3:03:53 PM
My thoughts exactly...
While I am in the rather well-compensated end of the spectrum and not precisely dissatisfied with salary per se; the larger issue is that across industries/professions in US we are increasingly asked to do less with more. We are held accountable without adequate resources. Every project is priority one and that lack of realistic prioritization and effective leadership results in constant fire drills and finger-pointing politics. There is no consideration for work/life balance [beyond lip service], and cash is expected to compensate for being on call 24x7x365 resulting in constant stress that detracts from health, happiness and enjoyment of what little family/personal time we have. At a certain point no amount of money is worth it. Yet convrsely, we, "the lucky ones" feel imprisoned by the golden handcuffs of our compensation [pay/benefits/options] package. I know this may sound ungrateful, but the fact is compensation is not just about salary--there is a bigger picture.
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