A study by Mercer Human Resource Consulting has found that UK ITmanagers rank comparatively badly with their colleagues in other parts of Europe.
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Mercer’s study of more than 5,300 companies worldwide found that eight of the world’s 10 highest-paying countries for IT managers are located in Western Europe. The three most rewarding countries for IT managers are Switzerland, Germany and Denmark.
The average total pay for IT managers in Switzerland is £93,100 a year, including base pay and bonuses. IT managers in Germany earn £72,900 on average, while those in Denmark can expect to receive £66,700. IT managers in the UK, the seventh ranked highest paying country, earned £60,800 on average.
Stephen Cahill, European partner at Mercer, said: “Experienced IT managers are highly sought after in Europe and there is strong competition to attract and retain skilled employees. Multinational organisations rely heavily on their global IT operations, so they need to ensure their pay is competitive.”
At the other end of the scale, and giving an interesting insight into the dynamics of off shore outsourcing, the study found that IT managers in Vietnam, the Philippines and India received the lowest pay, at £11,600, £11,900 and £15,200 a year respectively.
Cahill adds: “Although pay in Asia and Eastern Europe tends to be much lower, it would be difficult for companies to outsource the IT manager role to these regions. Instead, we may see a migration of IT skills from lower paying countries to places in Western Europe and North America.”