June 19, 2024
The median wage for IT professionals rose 3.6% to $145,000 in 2023, in response to a brand new report by InformationWeek. Most, 78%, obtained a increase, however whereas a majority are glad with their jobs, general satisfaction edged down from the earlier 12 months.
“IT professionals nonetheless appear fairly glad with their careers as we speak, however there are hints that the satisfaction may slip,” Sara Peters, editor in chief at InformationWeek, mentioned in a press launch. “Our survey outcomes point out that respondents proper now discover an IT profession to be extra thrilling however rather less snug.”
The survey discovered that 56% of IT execs are both “glad” or “very glad” with their whole compensation. And greater than half, 59%, are glad with their general job. Nonetheless, each figures are down from year-ago ranges of 61% and 62%, respectively.
A majority of IT professionals, 58%, additionally mentioned they’re unlikely to hunt employment within the subsequent 12 months, in response to the report. Nonetheless, for many who would possibly search for a brand new job, 64%, the driving drive behind their job search can be increased pay.
Additionally, regardless of being glad with their jobs, greater than half of respondents rated their stress as a 6 or increased on a 10-point scale. Feeling overworked has essentially the most unfavourable influence on psychological well being, cited by 42%.
InformationWeek’s report additionally discovered the gender pay hole persists, with males reporting increased salaries. Nonetheless, the hole has narrowed to $5,000, which is down from two years in the past when the hole was $23,000.
The survey consists of responses from 500 data know-how professionals employed full time within the US throughout greater than 33 industries together with consulting, monetary companies, banking, manufacturing, healthcare, IT companies, schooling and authorities.
