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Despite signs of recovery in the jobs market, IT professionals are receiving average pay rises of about 3.5%, research from Computer Economics has revealed.
Public sector IT professionals have benefited most, with average pay raises of 4.9%, as the NHS, local authorities and central government vie for staff to work on major projects.
Pay rates in banking and insurance rose by 4%, retail by 4%, manufacturing by 3.6%, and non-manufacturing industries by 4.3%.
Pay rose by 3.2% in London and 3.8% outside London. Junior staff saw the greatest pay rises, averaging 7.1%, reflecting their progress through training.
Some skills, such as Java, Oracle, Unix and Lan/Wan, are commanding higher premiums, with pay rates between 10% and 15% greater than average.
Although current IT pay rises pale into insignificance compared with the massive pay-rises of the 1990s, the rises on offer are no worse than pay awards offered in other sectors of the economy, the research revealed.