Management-level IT professionals are quitting their jobs after becoming frustrated by pay prospects and lack of job satisfaction, according to research by the Chartered Management Institute (CMI).
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Staff turnover in IT 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 Remuneration Economics has revealed.
Staff turnover in IT is running higher than in other sectors, such as food and drink at 5% and engineering at 7.3%, the survey found.
This is despite IT professionals securing average pay rises of 6.3% last year, pushing average salaries for IT professionals to £45,000.