After a respectable 3.6% rise in 2015, IT compensation is up again this year. Survey respondents reported an average 3.9% increase in total compensation (base salary plus bonus) for 2016. We haven't seen such strong consecutive-year pay increases in nearly a decade.
And those gains are widespread: This year, 71% of IT workers who took our survey said they received a raise, compared to 67% in 2015, 60% in 2014, 57% in 2013, and just 47% in 2012.
Those who received salary raises attributed them to standard salary increases (59%), job performance (37%), cost of living increases (18%), internal promotions (11%), and additional/new responsibilities (9%), among other reasons. The most common types of monetary bonuses received by respondents were annual (31%), performance (27%), and profit-sharing (14%) bonuses.
[ Find your 2016 salary info at IT Salary Watch ]