Third Year of Modest Pay Increases Pushes IT Workers Close to Boiling Point; Workplace Stress at All Time High – 88% of IT Workers Report an Increase
FRAMINGHAM, MA – OCTOBER 25, 2004 – IDG's Computerworld, the "Voice of IT Management," today announced the results of its annual salary survey of IT professionals' total compensation. The 18th Annual Salary Survey, which polled nearly 10,000 IT workers, reveals that in 2004 salaries continue to be impacted by economic pressures.
For the third year in a row, IT workers received modest pay increases, up only 3% as opposed to the national labor statistics, which report 4% compensation increases for U.S. workers since 2003. The majority of respondents (65%) reported an increase in base salary from a year ago, but 35% either did not report a change in salary or had to take a pay cut. The percentage of respondents reporting that they are feeling stress at work due to budget cuts and increased workloads is at an all time high at 88% and a quarter of IT workers say they are dissatisfied with their pay when considering all their job responsibilities. More than 27% of survey respondents reported increased use of offshore outsourcing at their companies in the past year.
"This year's salary survey indicates that IT workers are deeply concerned after a third straight year of less than average compensation increases," said Don Tennant, editor-in-chief, Computerworld. "While the national statistic has risen slightly from 2003, the IT industry has been lagging just under the curve."
There were a few bright spots revealed by the survey as two positions reported an increase in compensation that beat the national average: Chief Security Officer, at $119,986 increased from the 2003 salary average by 6% and Data Warehousing Manager, at $91,719 increased from the 2003 salary average by 5.1%.
A sample of some of the 30 job titles surveyed and the total average compensation (the combination of base salary and bonus) for each position is as follows:
Title 2004 2003 % Change
—– —- —- ——–
CIO/Vice President of IT $162,145 $158,790 2.1%
CTO $159,421 $156,212 2.1%
Director of Systems Development $140,105 $132,262 2.8%
Director of IT Operations $103,204 $100,483 2.7%
IT Manager $82,851 $80,877 2.4%
Computer Operations Manager $79,067 $76,987 2.7%
Technology Business Systems
Analyst $69,651 $68,491 1.7%
Programmer/Analyst $65,600 $64,024 2.5%
Web Developer $59,859 $57,431 4.2%
Network Administrator $53,644 $52,246 2.7%
Technician $41,757 $41,129 1.5%
Computerworld's 18th Annual Salary Survey was administered via the Internet. Both Computerworld print subscribers and visitors to Computerworld.com were included in the survey. A total of 10,745 people responded to the survey. Of these respondents, 9,854 were employed full or part time and were eligible to complete the entire survey. Respondents were asked to report the percentage change in their compensation for 2003 to 2004. Compensation figures for 2003 were calculated based on the percentage change reported by the respondents.
The survey results, methodology and an article based on the findings will be available in the print edition of Computerworld on Monday, October 25, and online at www.computerworld.com.
Computerworld, the "Voice of IT Management," is the most trusted source for the critical information needs of senior IT management. Computerworld's integrated offerings form the U.S.-based hub of the world's largest (58-edition) global IT media network through its weekly publication, Computerworld.com Web site, focused conference series and custom research. In the past five years alone, Computerworld has won more than 100 print and online awards for editorial and design excellence, surpassing its direct competition by an order of magnitude. Recognition includes the 2004 Magazine of the Year Award from the American Society of Business Publication Editors and a Jesse H. Neal Award for "Best News Coverage." In print since 1967, Computerworld is the source for information technology management, with a guaranteed rate base of 180,050, a total print audience of 1,138,000 (IntelliQuest CIMS 2004 Business Influencer Study) and an online audience of over 1 million unique monthly visitors (DoubleClick).
Computerworld is a business unit of International Data Group (IDG), the world's leading technology media, research and events company. A privately held company, IDG publishes more than 300 magazines and newspapers, including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World and PC World. The company features the largest network of technology-specific Web sites, with more than 400 around the world. IDG is also a leading producer of more than 170 computer-related events worldwide, including LinuxWorld Conference & Expo(R), Macworld Conference & Expo(R), DEMO(R) and IDC Directions. IDC provides global market research and advice through offices in 50 countries. Company information is available at http://www.idg.com.