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It Professionals See Salary Increase But Job Security Remains Top Concern

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The average IT salary rose 4.6 percent to an average of $78,035 in 2008, and by more than 5 percent to an average of $87,257 for IT professionals working in the banking and financial services industry, according to Dice. IT professionals with an IT management title earned the most with an average of $111,998. The 2008-09 Annual Salary Survey found that salaries increased significantly in major technology centers such as New York, Silicon Valley, and Washington, D.C., as well as in nontraditional tech areas such as Charlotte, N.C., and St. Louis.

Dice conducted the survey between August and November, and also asked more than 19,000 technology workers about their concerns heading into the new year. Updating their skills was cited by some 22 percent, followed by layoffs at 20 percent, lower salary increases at 14 percent, canceled projects at 12 percent, and an increased workload due to staffing cuts at 10 percent. Dice also says there was a 67 percent increase in new resumes posted to its site in the fourth quarter of 2008, but adds that most job searches were "passive."

From eWeek
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