IT pros notched another year of nearly flat salaries under their belts and on average generated salary increases of less than 1 percent ($73,384 from $78,845 in 2009), according to a new survey by technology and engineering career website Dice.com.
On the bright side, 49 percent of those surveyed said they received a raise in 2010, up from 36 percent in 2009. In addition, companies doled out bonuses to 29 percent of respondents in 2010 compared to 24 percent in 2009.
The result of all this is that half of the respondents said they were either "somewhat" or "very satisfied" over their pay, a slight increase from 46 percent in 2009, but employers shouldn't be content with this. Almost 40 percent said they believe they would get a bigger salary by switching employers in 2011.
"Companies can no longer get away with paltry salary increases for their technology staffs based on the demand we are seeing for talent," said Tom Silver, SVP, North America at Dice. "The moderate increases in satisfaction levels indicate that tech professionals’ concerns are being heard by some companies, but certainly not all. Retention is the key to driving additional contributions to the business from technology staffs. Employers that are reluctant to increase compensation or step-up retention efforts will likely pay for their unsatisfactory ways."
For those just getting into the IT field, average salaries are lower for professionals with less than two years experience, dropping 6 percent below their peak average in 2008. Learning Oracle could help with this, as Dice noted that Oracle experience was requested in more than 15,000 job postings on any given day.
Get all the survey results here (PDF).
