IT salaries level out

Contractors’ pay averaged £40 an hour for the fourth quarter in a row and is now back at 2002 levels. Permanent employees’ pay has risen slightly, reaching an average of £34,375 a year, which is 7% more than at the start of 2002.

Contractors’ pay averaged £40 an hour for the fourth quarter in a row and is now back at 2002 levels. Permanent employees’ pay has risen slightly, reaching an average of £34,375 a year, which is 7% more than at the start of 2002.

“After seeing a recovery in the overall pay rates of both contract and permanent staff during 2004, the last year has seen pay rates stabilise,” says Ann Swain, chief executive of the Association of Technology Staffing Companies (Atsco).

The trend looks set to continue through 2006, with demand for IT professionals with Java, C# and .net proving particularly strong.

A separate salary review from Computer People points to increasing recruitment levels this year. More than 60% of the 500 IT professionals surveyed expected an increased demand for staff, though UK economic performance could impact the market later this year.

Read more on IT for small and medium-sized enterprises (SME)

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