Average earnings for IT professionals have increased by 4.4% over the past year, with the employment market remaining stable, a survey has found.
The poll of more than 57,000 IT jobs in more than 500 organisations, conducted by analyst firm Computer Economics, revealed average annual salary increases of 3.9%, up 3.8% from last year, with bonuses of 13.1% for IT managers and 7.9% for other IT staff.
The average 4.4% increase in total earnings was a slight increase on last year’s figure of 4%.
The highest rises were recorded in the non-manufacturing industry (5.3%) and in the public and charity sectors, where increases averaged 4.7%.
The lowest rises were in high-tech companies, where salaries rose 2.1% in the 12 months to April.
Computer Economics managing director Paul Campfield said the IT employment market was fairly stable compared with a few years ago. “The movement in earnings and resignation rates is not that high,” he said.
“However, there will be employers struggling to find key staff. Although the market is static, companies still have to be aware that there are key skills that require particular attention and attract a premium. Companies need to retain staff with premium skills.”
Big premium payments on top of average salaries were being offered for staff who had niche skills, including Tandem, FTP, Oracle Financials, Siebel enterprise resource planning software, ActiveX and Websphere, Campfield said.
Resignation rates have levelled off at 7.1%, the same as last year’s figure, after a sharp rise from 4.6% in 2004.