Salary Survey: High Times For IT Pros - InformationWeek

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Salary Survey: High Times For IT Pros

There's nothing like a good, old-fashioned labor shortage to fatten one's paycheck, and the current tight IT job market is no exception. InformationWeek's annual IT salary survey found that 45% of staff and 54% of managers are satisfied or very satisfied with their pay. While the survey paints a predominantly rosy picture, there are issues that employers still need to address.

First, the good news: Out of 16,900 respondents, more than half of IT staffers say they're satisfied or very satisfied with their jobs; almost two-thirds of managers feel the same way. And why shouldn't they be satisfied? It's a great time to be in IT. Information technology is more important than ever to the success of almost any business, and demand for the people who can design, operate, and manage IT continues to drive up salaries.

It doesn't hurt that "IT professionals are no longer pigeonholed; they're in business as well as technology," says Cleve Rowley, a partner at recruiting firm Matteson in Atlanta. "I'm recruiting for the CIO position of a large telecom firm, and a key part of that job is to be part of the strategic-management team."

On the flip side, a quarter of staff respondents and almost a fifth of managers are dissatisfied with their pay. Also unsettling is a drop in respondents this year who said they're satisfied or very satisfied with all aspects of their jobs. The percentage of those saying that dropped eight points for both staff and managers, to 66% and 73%, respectively, since last year's survey.

Observers say declining satisfaction rates and pay dissatisfaction among the minority of respondents could boil down to the strong economy and a very low IT unemployment rate. The result could be longer work hours combined with greatly accelerated development cycles. Meanwhile, reports of workers who strike it rich at dot- com startups can breed resentment among IT workers at more traditional companies.

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