Certain IT Jobs Poised For Big Raises - InformationWeek

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6/10/2015
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Certain IT Jobs Poised For Big Raises

IT hiring is up and IT Pros should finally start seeing some raises.

Get A Raise: 11 Do's And Don'ts For IT Pros
Get A Raise: 11 Do's And Don'ts For IT Pros
(Click image for larger view and slideshow.)

Earlier this year, I wrote an article about how IT unemployment was extremely low, hiring was fast-paced, and yet IT pros weren't seeing much in the way of raises at the beginning of the year. Now, the monthly job data has come out and the economy added 280,000 jobs. Hiring is still strong. Are we going to see raises? John Reed, Senior Executive Director Robert Half Technology, thinks so. Hiring is also continuing to be quite robust, so we should expect a job market that really favors employees.

"We do a salary report every year that is a forecast of future year compensation that is rooted in trends including actual salary trends from the previous year," said Reed in an interview with IWeek, "That survey at the beginning of the year expected IT salaries to go up about 5.7%. What we're seeing right now is that the forecast is pretty spot on." That far outpaces the 2.3% that salaries are growing nationally across all industries.

(ktsimage/iStockphoto)

(ktsimage/iStockphoto)

"Of course, with any average, that 5.7% means you have some roles that are barely going up, getting just a cost of living raise, and some roles that are going up double digits," Reed said. Some of the hottest jobs according to Reed are in big data and analytics, mobility, mobile apps, security, especially healthcare, financial and retail security, and anything in software development. This matches what other studies we've covered have said about the hot jobs. Reed also suggested that cloud and wireless networking maybe future hot spots.

And it gets better. A Robert Half survey of 2500 CIOs shows 21% are planning to add staff head count (A 3% increase from the first half of the year, and an 8% increase from this same time last year), 68% plan to hire for open positions, only 11% are being force to put hiring on hold. Best yet, only 2% are being asked to reduce head count. This should put some more pressure on the market and allow IT Pros to look for another job that will allow them to increase their salary.

As Reed says, "the demand is increasing faster than the supply of new IT Pros. I've been on college campuses where they say that their entire computer science graduating glass had offers by Christmas before they graduate."

And you don't have to be a superstar to get in on the action. Companies are desperate for qualified candidates. The need for talent is so great that IT departments are rethinking who they are willing to hire. "Companies have begun to, I hesitate to say relax their standards, but to at least adjust their expectations for the skills they can get for the money they had allocated to that role. Companies every day are saying, 'Wow, we wanted a five-year experienced person, but it looks like we'll only get a three-year experienced person.'"

Of course, it isn't just job role that affects your salary. There's also location. Just look at the salary data

Page 2: Should hiring managers be worried?

David has been writing on business and technology for over 10 years and was most recently Managing Editor at Enterpriseefficiency.com. Before that he was an Assistant Editor at MIT Sloan Management Review, where he covered a wide range of business topics including IT, ... View Full Bio

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Gigi3
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Gigi3,
User Rank: Ninja
7/6/2015 | 3:39:52 AM
Re: IT Hiring (and Hiring in General): How much do we have in the War Chest ?
"I agree, this probably applies more to those entering the job market for the first time as opposed to those of us who have already been in the trenches for years."

Asish, the general thing I noticed in market for last couple of years is salary hike for employees just below the "C" category is not proportional to those at entry level.  May be there requirements are very less or companies don't need to promote them much.
Gigi3
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Gigi3,
User Rank: Ninja
7/6/2015 | 3:36:58 AM
Re: Global Employement statics
"These stats are US-specific. But one of the reasons I stuck to US is that in some countries we've already got good cheer on that data. It is sort of impossible to do global numbers because clearly the economies are so different between China, India, Russia, the US and insert your favorite country here."

David, thanks for the clarification. That's true the rate of new opportunities creation, salary & perk hike etc are different in various countries. Again its all depends up on global software/hardware growth
Technocrati
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Technocrati,
User Rank: Ninja
6/28/2015 | 2:19:12 PM
Re: IT Hiring (and Hiring in General): How much do we have in the War Chest ?
@Gigi3     I agree, this probably applies more to those entering the job market for the first time as opposed to those of us who have already been in the trenches for years.
David Wagner
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David Wagner,
User Rank: Strategist
6/23/2015 | 12:57:14 PM
Re: Global Employement statics
@gigi3- These stats are US-specific. But one of the reasons I stuck to US is that in some countries we've already got good cheer on that data. It is sort of impossible to do global numbers because clearly the economies are so different between China, India, Russia, the US and insert your favorite country here.
Gigi3
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Gigi3,
User Rank: Ninja
6/22/2015 | 7:23:46 AM
Re: IT Hiring (and Hiring in General): How much do we have in the War Chest ?

"In general I am happy to hear this news, I can confirm that companies seem to be more willing to consider salaried positions and it is about time !  Every ( business ) thinks they must have a war chest of funds which are only sparingly used for the X-mas party or some dumb retreat. Hiring someone with benefits is on the NO-NO list."

 Asish, I think these posts are created at entry level and NO cheers for us. If promotion or salary and other perks are increased in line with such recruitments, then only its going to benefits us.

Gigi3
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Gigi3,
User Rank: Ninja
6/22/2015 | 7:19:52 AM
Global Employement statics
"Earlier this year, I wrote an article about how IT unemployment was extremely low, hiring was fast-paced, and yet IT pros weren't seeing much in the way of raises at the beginning of the year. Now, the monthly job data has come out and the economy added 280,000 jobs. Hiring is still strong."

David, is this global statics or only for US job market. Hope this statics can bring cheers among us !!! 
Technocrati
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Technocrati,
User Rank: Ninja
6/21/2015 | 3:30:17 PM
IT Hiring (and Hiring in General): How much do we have in the War Chest ?

In general I am happy to hear this news, I can confirm that companies seem to be more willing to consider salaried positions and it is about time !  

Every ( business ) thinks they must have a war chest of funds which are only sparingly used for the X-mas party or some dumb retreat.

Hiring someone with benefits is on the NO-NO list.

 

Shameful.

Technocrati
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Technocrati,
User Rank: Ninja
6/21/2015 | 3:24:17 PM
Re: IT as Growth Area

"....as the joke always goes, they can go to school to learn to say, "do you want fries with that?"

 

@Dave    Sad part about that is McDonald's does pay more than some entry level and temp positions in Southern Cal.   The SMB's there should be ashamed of themselves.

But they are not smart enough for that.

Technocrati
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Technocrati,
User Rank: Ninja
6/21/2015 | 3:19:34 PM
Re: IT as Growth Area

@jastroff    I am surprised to hear this.   I thought tech was the new Orange ( or Black) - whatever that phrase is.   But it doesn't surprise me - Tech can be extremely difficult to grasp and I don't get the feeling many want that challenge - the perks and the money sure but the challenge ?  

 

Probably not, I am surprised things have not changed much as far as that goes.

David Wagner
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David Wagner,
User Rank: Strategist
6/17/2015 | 12:28:42 PM
Re: IT as Growth Area
@jastroff- It is mind-bloggling. I'm convinced kids just don't understand how creative IT is right now. Oh well, as the joke always goes, they can go to school to learn to say, "do you want fries with that?"
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