IT professionals have good reason to feel anxious about their careers: Job losses among IT workers are mounting as CIOs cut their IT budgets and as IT departments shed staff and institute hiring freezes.
But new research may give IT professionals some much needed good news: IT research firm Computer Economics is projecting that IT salaries will increase in 2009. Computer Economics isn't predicting a substantial increase in IT pay, but an increase nonetheless, at a time when many companies are resorting to salary freezes to keep personnel costs in line with revenue shortfalls.
The research firm, which specializes in IT management metrics, predicts that IT salaries will grow by about 2 percent this year.
IT executives, directors, managers, and application developers will see slightly larger increases than that 2 percent. Computer Economics predicts that base salaries for IT management and for people in application development functions will creep up between 2 and 3 percent his year, as certain programming and IT architecture skills remain in high demand and as employers offset reductions in bonuses for managers with higher base salaries. Meanwhile, wages for other IT workers will inch up between 1.5 percent and 2.5 percent.
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Computer Economics' IT salary projections are slightly lower than those released by Robert Half International in October 2008. At that time, the IT staffing firm predicted salary increases of 3.7 percent for IT professionals in 2009.