Management-level IT professionals are quitting their jobs in frustration over pay prospects and lack of job satisfaction, according to research by the Chartered Management Institute.
Labour turnover in the IT profession shot up to 10.7% in the 12 months to January 2006 from 5% in the previous year, a survey of 3,000 IT professionals by the CMI and Renumeration Economics reveals.
Turnover in IT is running higher than in other sectors, such as food and drink at 5% and engineering at 7.3%, the CMI’s National Management Salary Survey shows.
“There clearly is more demand for staff, certainly in London," said Roger Marshall, IS director at the City of London Corporation. “It’s more difficult to fill posts, to get a good field of candidates.”
The desire to change jobs comes despite IT professionals securing average pay rises of 6.3%, pushing average salaries for IT professionals around £45,000, according to the survey.
Around 40% of the businesses surveyed by the CMI said that they lost staff because of the salaries on offer, or dissatisfaction with bonus levels.
A fifth said that job restructuring caused uncertainty for employees. Some 15% said staff were unhappy with office relocation plans.
Over a third of companies said they offered little in the way of career development or training.