TMCnet News
IT Salary Outlook Positive; Work-Life Balance and Base Pay Top Priorities for Technology Professionals Finds InformationWeek's U.S. IT Salary Survey ReportInformationWeek, the world's most trusted business technology resource, today unveiled the InformationWeek 2023 U.S. IT Salary Report: Rising Salaries and Closing the Gender Pay Gap. Despite rising labor costs, economic inflation, and companies making an effort to cut back, the salary outlook for IT professionals is positive. Work-life balance and base pay top the list as what matters most to IT professionals when it comes to their jobs. More than three-quarters (77%) of IT professionals reported an increase in base salary in 2022. The median salary increased from $125,000 in 2021 to $140,000, a jump of 12%. Sixty-one percent of IT pros are satisfied with their total compensation, and 62% report they are satisfied with their overall job. The gender pay gap still exists, but both men and women saw an increase in pay. Women's annual salaries increased 28% from a median of $105,000 to $135,000 in 2022 and men's pay increased 9% from $128,000 in 2021 to $140,000 in 2022. Fifty-seven percent of IT pros believe there is salary pay parity in terms of race or ethnicity, and 44% say their companies are trying to better support employees of color. Other key takeaways from the 2023 InformationWeek IT Salary Survey report:
InformationWeek surveyed 456 information technology professionals employed full time in the U.S. with questions related to salaries, benefits, and other career issues. Ninety-five percent are steadily employed full time at an organization, and 5% report they are either full-time contract workers or consultants. Most of the respondents work in management roles. Just under half (49%) are from enterprises with more than 1,000 employees, about one-third (32%) are from mid-size companies, and 17% are from small companies of 100 employees or fewer. Respondents come from more than 35 industries including healthcare, financial services, banking, consulting, IT services, manufacturing, education and government. To download the 2023 InformationWeek U.S. IT Salary Survey report, click here. Follow InformationWeek on Facebook, LinkedIn and Twitter. About InformationWeek As the world's most trusted business technology resource, InformationWeek offers independent insight and advice to help today's enterprise IT leaders navigate the fast-changing technology landscape and identify the best strategies and tools to drive their organizations forward. InformationWeek provides an unbiased environment for IT decision-makers to learn from experienced journalists, subject-matter experts, and their IT peers to explore new ideas, find answers to their business technology questions, and solve their most pressing problems. If an IT product or concept isn't tied to delivering on business goals, it's of little interest to InformationWeek. About Informa Tech Informa Tech is a market leading provider of integrated research, media, training, and events to the global Technology community. We're an international business of more than 600 colleagues, operating in more than 20 markets. Our aim is to inspire the Technology community to design, build and run a better digital world through research, media, training, and event brands that inform, educate, and connect. Over 7,000 professionals subscribe to our research, with 225,000 delegates attending our events and over 18,000 students participating in our training programs each year, and nearly 4 million people visiting our digital communities each month. Learn more about Informa Tech.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230523005233/en/ |