Huge increase in IT manager staff turnover

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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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).

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.

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