IT Pros Hoping for Better Salaries in 2004
According to a new salary report from Brainbench, IT professionals believe that 2004 is going to mark the end of the weak salary increases of the past two years. Brainbench’s 2003 IT Salary Survey Report shows that more than two-thirds of IT workers are expecting increases of as much as 5 percent in 2004.
The new survey includes responses from 2,151 U.S. professionals randomly selected from Brainbench’s database of nearly 5 million members.
While salary increases are still facing pressure from lingering economic woes in 2003, respondents are optimistic regarding their prospects in the new year. In 2003, 66 percent of respondents said they received increases of 3 percent or less, a slight increase from 2002, when 62 percent received salary increases of 3 percent or less. For 2004, 62 percent of respondents said they expect salary increases of between 1 percent and 5 percent. In addition, 43 percent of respondents in 2003 were expecting no salary increase, while only 11 percent are not expecting a raise in 2004.
Mike Russiello, president and CEO of Brainbench, said that IT professionals used the economic downturn as an opportunity to build their credentials, and now that the economy is showing signs of recovery, they are ready to take advantage of new opportunities. “The survey proves that continuous education and constant new skills development, confirmed through professional certifications, is key to both survival and prosperity under any economic conditions,” Russiello said.
In fact, the survey reported the education is still the dominant force driving salary levels. The survey also showed that self-improvement, rather than monetary benefits, is the main motivation for candidates seeking certification. Seventy percent said that gaining new skills or moving into a new job or job focus was their reason for pursuing certification. Only 6 percent said they were seeking certification in order to get a raise or a bonus.
Download more detailed results at http://www.brainbench.com/links/toitsalary2003.html.
Emily Hollis is managing editor for Certification Magazine. She can be reached at email@example.com.