IT pay rates are stable despite recession fears

Pay rates for IT workers have remained the same despite jitters in the economy.

Pay rates for IT workers have remained the same despite jitters in the economy.

SkillsMarket and ATSCo's iProfile skills survey showed that IT contract rates remained unchanged in quarter three 2007 at £40 per hour, and permanent salaries remained unchanged in quarter two at £35,000 per annum.

Annual salaries and hourly rates remained largely unchanged for three consecutive quarters, and neither permanent IT staff nor IT contractors reported a rise in earnings for the third quarter of 2007.

The survey did show, however, that workers in the East Midlands and the engineering and manufacturing sectors have all enjoyed increased earnings, while the reverse was true for IT staff working in the West Midlands, the East of England and the IT sector generally.

Ann Swain, CEO of the Association of Technology Staffing Companies (ATSCo), said, "2007 seems to be concluding the same way that it started with strong demand for contract and permanent IT staff. Our members predict this trend to continue into 2008 with those possessing niche skills more likely to see a rise in pay rates."

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