Techie starting salaries to remain stable
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IT professionals can expect a moderate increase in starting salary, a staffing firm says.
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As the economy improves and companies begin to invest more in IT projects, demand for senior IT workers will help drive double-digit salary increases for top techies through 2007, according to a new Meta Group report.
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There&#39;s no doubt the Internet will continue to make its mark in the world of business and technology. Its maintained is position for the past year.
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Money talks. New graduates shouldn't be afraid of talking back.
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Study predicts better salaries and more competitive IT job market in the next three years.
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While details of the new contract are still being worked out, Long is getting a pay raise of about $100,000 a year in an annual salary package totaling $425,000.
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Get your company off to the right start.
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There are ways to secure higher pay even when all other employees receive the same annual increase, says Sue Shellenbarger. Plus, more on work and family.
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(InfoWorld) - Now that the dust has settled after last week's stock-market plunge, industry insiders are looking forward to continued stable growth in the IT sector. When a plunge in Asian markets last week caused panic share-selling around the world,Â IT investors reassessed the technology sector's prospects for the year. IT vendors had enjoyed seven months of rising share prices up until last week. But last week, several leading analysts said that a long-overdue correction was occurring. However, brokerages were upgrading their share-buying advice on bellwether IT companies, even as markets in general were declining. The upgrades continued this week. For example, chip-equipment makers' share prices are rising this week as analysts foresee user hardware spending increases through 2008. Thursday, Applied Materials and KLA-TencorÂ shares rose after analyst upgrades. Morgan Stanley raised its rating on both companies to overweight from equal weight and raised its rating on the whole semiconductor capital-equipment sector to attractive from in-line. Also this week, JMP Securities raised it rating on AMD to market outperform from market perform, forecasting strong sales for new products. In the telecommunications sector, AG Edwards & SonsÂ upgraded AT&TÂ from hold to buy, predicting that demand for wireless communications will spark growth. Last week, even as markets were in turmoil, analysts issued upgrades in several sectors. Robert W. Baird & Co. upgraded AutodeskÂ from perform to outperform; Bear Stearns & Co., looking at BEA Systems' positive cash flow, upgraded the company from underperform to peer perform. JP Morgan upgraded networking equipment maker CienaÂ from neutral to overweight, basing its decision on what it expects to be a faster-than-expected recovery on optical communications market. The bottom line is that demand for IT products worldwide, while not expected to equal the heady days of 2000, is by most indicators expected to grow consistently this year into next. The transition to Vista and spending on Web 2.0 services are expected to help spur user demand, according to analysts. "Barring any geopolitical issues that could arise, solid single-digit growth is expected in technology," said Jim Lanzalotto, vice president of Yoh Services in Philadelphia, a personnel and outsourcing firm. The IT job market is generally seen to be a prognosticator of the IT market. "When companies hire, it's because they see a need to put people in place for increasing demand," Lanzalotto noted. "We're dealing with the leading indicator of the leading indicators," Lanzalotto said. In technology, there is demand this year especially for basic product development specialists, CRM specialists (particularly in the health care fields), IT project management, and Java and .Net specialists, he said. High-end jobs requiring specialized skills are driving the IT job market overall, Lanzalotto said. Lower-end jobs and specialties such as help-desk services are expected to experience weak demand in the U.S. as these jobs get outsourced, Lanzalotto said, though the services sector globally appears to be stable. On the user-demand side, consumer spending in areasÂ like upgrades to Vista will be the main growth driver, Lanzalotto said.
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Men are making more money than women in technology jobs, about 12 percent more last year, according to a salary survey by career site Dice.com.The survey found that salaries for men increased by 2.4 percent in 2007 but stayed flat for women. The average salary last year for men was $76,582, and for women, it was $67,507, according to Dice. The gap widened last year: In 2006, the difference between salaries paid to men and women was 9.7 percent.Thomas Silver, senior vice president of marketing at Dice, which is part of Dice Holdings in New York, said employers need to look at the salary data, and if they have workers with comparable skills and experience doing comparable jobs, then &quot;that gap needs to be closed.&quot;Dice said it collected the salary data from more than 19,000 technology professionals who use its site. Respondents either filled out an online survey or replied to a request for information sent via e-mail. &quot;We feel comfortable that what we&#39;re seeing here is in fact representative of what&#39;s happening in the marketplace,&quot; Silver said.The gender gap was highest for tech workers in the retail, mail-order and e-commerce industries, with men making 15 percent more than women. The industry with the narrowest wage gap is manufacturing, at a 6.4 percent difference in salary.But as people work their way up in an organization to managerial jobs, the gender gap tends to shrink. Female project managers earned $100,436 last year, which is the first year that Dice&#39;s salary survey topped the six-figure mark for women. Men still made a little more at $101,569.From the data, Silver said it&#39;s clear that an IT worker who stays in the field, has good skills and experience, and can become a manager will move into jobs that pay well.&quot;Companies are willing to pay for experience,&quot; said Silver, and that was reflected in the pay increases by age, with those over 40 seeing increases of 2.3 percent. Entry level workers, who received 13.2 percent increases in 2006, saw a slight decline last year.The best paying jobs in IT were those with hard-to-find skills, Dice said. Those with skills in ETL (extract, transform and load) earned $96,559; ERP (enterprise resource planning), $95,589; SOAP (Simple Object Access Protocol), $95,387. The highest-paid operating system skill was Solaris, where workers were paid $90,321.Overall, IT salaries increased last year by 1.7 percent to $74,570, Dice said. By region, the three highest-paying areas were Silicon Valley, at $93,876, a nearly 4 percent gain since last year; Boston, $83,465, which also increased by about 4 percent; and the Baltimore/Washington area, at $81,750, at 2.3 percentIn its list of 16 metro areas, Detroit was at the bottom with an average tech salary of $67,271, a less than half-percent increase over last year. Salaries in San Diego were higher than Detroit, but it was one of three job markets to see a decline in salaries to $75,994, a drop of 4.3 percent. The others posting declines were Phoenix at $71,246 and down 4.97 percent, and Seattle, $79,636, down 0.19 percent.Computerworld is an InfoWorld affiliate.
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Every developer (PHP or not) out there has sat back in their favorite chair and thought about what else is out there. Well, Cal Evans is no different and he shares a tool he was linked to (by Terry Chay) that could help you find that "what's next" in your career.   I love Nashville, TN. Well, ok, I really like it. It's a great town but I'm getting a bit restless. The problem I face is that I never know what the environment for programmers will be in a given city before moving there. So when Terry Chay briefly mentioned indeed.com's salary search tool, it sparked my interest. If I, a PHP programmer, wanted to move to another city in the US, how would I fare salary wise? Since I don't want to list every city in the US, I've selected CNN/Money's Best Places to Live in America as my list of cities to compare.   Looking specifically for PHP-related jobs, he made the query, found the cities, ranked them and listed the average salary for the area. He also grabbed the cost of living for each location based on the closest large city and matched them up.   The result?   So it's agreed then, we'll all meet in Columbia, MD.   Check out the post and the lovely graph Cal has put together for more cities and their stats.
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A new survey indicates that CIOs are only hiring for positions that address long-term needs. By TechWeb News. Chief information officers in the US continue to take a cautious approach to increasing IT staff
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Blog: Money is pouring into clean tech start-ups, but recent reports examine longer-term issues.
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Researchers at the University of Illinois in Chicago have confirmed what many high-tech workers have long suspected: The job market for technology experts remains bleak, years after the U.S. recession officially ended in late 2001...
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Salaries for top executives at U.S.   nonprofits including hospitals and universities grew at a   steady clip last year with some leaders taking home more than   $1 million, according to a survey released on Monday.
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Electrical engineers have come in  for a shock: for the first time in more than three decades of  technological innovation, their salaries are dropping.
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It used to be the case that the number of expatriates sent to India for work would pale in comparison to those in Singapore or Hong Kong. That's changing now however because of the growing number of opportunities in the fast growing nation. Salaries in India are rising quickly to attract the best talent for top jobs - and are now are on par with salaries in other parts of the world as our Mumbai Business Correspondent Karishma Vaswani reports.