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North American IT pay stagnates

Friday 10 June 2005 12:03

Pay and bonuses for North American IT workers has been almost stagnant for the first half of the year, despite the US inflation rate creeping up to almost 5%.

Consulting firm Janco Associates said total annual compensation packages including base pay, bonuses and stock options only rose by an average of 0.2% to $77,229 (£41,745).

The figure is based on information gleaned from 800 companies in the US and Canada.   

At larger companies with sales of $500m-plus, more senior IT executives saw their pay rise 1.6% to $140,760, but less senior IT staff saw their pay actually fall by 0.3% to $65,247.

Large US IT and telecoms companies have announced a raft of redundancies over the last six months.

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