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77% of IT professionals report a rise in base wage in 2022


Could 23, 2023

Regardless of rising labor prices, financial inflation and corporations making an effort to chop again, the wage outlook for IT professionals is optimistic, in keeping with the “InformationWeek 2023 US IT Wage Report: Rising Salaries and Closing the Gender Pay Hole” report.

Greater than three-quarters of IT professionals, 77%, reported a rise in base wage in 2022. The median wage rose by 12%, going to $140,000 from $125,000 in 2021.

Furthermore, 61% of IT professionals expressed satisfaction with their whole compensation, and 62% reported satisfaction with their general job.

Whereas the gender pay hole persists, each women and men skilled wage will increase. Girls noticed a 28% improve of their annual salaries, rising to a median of $135,000 in 2022. However, males’s pay rose by 9% to $140,000 this 12 months.

The report additionally discovered greater than half, 58%, of IT professionals are unlikely to hunt employment at one other group subsequent 12 months. Nonetheless, for these contemplating a job change in 2023, larger pay was recognized because the driving pressure by 70%.

“Regardless of the unknowns out there, the IT pay outlook is rosy for now,” stated Sara Peters, Informationweek editor in chief. “Corporations are rising pay as the price of residing will increase, and they’re dedicated to advances in pay parity and variety hiring.”

Peters stated regardless of witnessing a string of layoffs at tech firms, nearly all of IT professionals report optimistic general job satisfaction and practically 9 out of 10 really feel assured with their current job safety.

“It’s tough to foretell what affect generative AI and different new automation applied sciences could have on IT salaries and hiring patterns. We’ll should see what subsequent 12 months’s survey outcomes inform us about that,” Peters stated.

The survey contains responses from 456 IT professionals employed full time within the US. Respondents come from greater than 35 industries, together with healthcare, monetary companies, banking, consulting, IT companies, manufacturing, training and authorities.

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