North American IT pay stagnates


North American IT pay stagnates

Antony Savvas

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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