Feature

Spending recovery not leading to big pay rises

Salaries for IT professionals are creeping up, but only slowly, with average pay rises at their lowest level for five years.

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.

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This was first published in June 2004

 

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