Analyst Watch: Hopes Rise For Raises - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance

Analyst Watch: Hopes Rise For Raises

After two years of no raises for many IT workers, most technology professionals are optimistic about getting fatter paychecks in 2004, according to a new report. Based on the 2,150 IT professionals who participated in Brainbench's 2003 salary survey, only 11% expect to receive no raises in 2004. That's positive thinking, compared with the 43% who reported that they received no raises in 2003. Sixty-two percent of respondents say they expect increases ranging from 1% to 5% in 2004. In 2003, 23% received raises of 1% to 3%.

"After two years of a negative trend, there's seems to be a positive trend, new optimism developing," says Mike Russiello, president and CEO of Brainbench, an online skills-assessment firm. Among those IT professionals most optimistic about getting raises are those who work as IT general- ists, database pros, and in computer-systems management and operations. The next group of positive thinkers includes application developers as well as network management and administration professionals.

Among other findings is a growing disparity between the pay of male and female IT professionals. At employers with less than $5 billion in annual revenue, men earn about $10,000 more than women in similar positions. The pay gap is even wider at companies with revenue of $1 billion or less about $20,000, Russiello says. The gap between men's and women's pay is smallest at companies with revenue more than $5 billion. Says Russiello: "There was a lot more equity at the largest companies."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
News
Time to Shift Your Job Search Out of Neutral
Jessica Davis, Senior Editor, Enterprise Apps,  3/31/2021
Commentary
Does Identity Hinder Hybrid-Cloud and Multi-Cloud Adoption?
Joao-Pierre S. Ruth, Senior Writer,  4/1/2021
Register for InformationWeek Newsletters
Video
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll