IT starting salaries to stay flat in 2002

The days of ever-fatter paycheques for IT experts are over, according to a new study. U.S. starting salaries in the industry are expected to increase on average by just 0.1 per cent in 2002, compared to the 8.4 per cent rise forecast this time last year, said RHI Consulting Inc. in a statement on Dec. 6.

The low unemployment rate and competition for skilled employees led to steadily rising compensation in recent years, the researchers said. But the collapse of many dot-com companies and the overall weak economy have taken their toll.

Still, there are bright spots, with industries including health care, financial services and real estate predicting strong demand for IT professionals, RHI said, cautioning that hiring varies strongly among different regions of the U.S.

Some job categories can still expect pay rises, above all network security experts, whose base salary is projected to increase by an average of 3.4 per cent, RHI said.

As for specific job titles, the one with best prospects is applications architect, for which RHI predicts a 6.7 per cent increase in average starting salary compared to 2001. Coming in a close second are consulting and systems integration directors, who should see an average jump of 6.1 per cent.

Among the other IT professionals who are expected to command the best salary increases, according to RHI:

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Empowering the hybrid workforce: how technology can build a better employee experience

Across the country, employees from organizations of all sizes expect flexibility...

What’s behind the best customer experience: How to make it real for your business

The best customer experience – the kind that builds businesses and...

Overcoming the obstacles to optimized operations

Network-driven optimization is a top priority for many Canadian business leaders...

Thriving amid Canada’s tech talent shortage

With today’s tight labour market, rising customer demands, fast-evolving cyber threats...

Staying protected and compliant in an evolving IT landscape

Canadian businesses have changed remarkably and quickly over the last few...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now