IT wages down four percent in UK

By Rosalie Marshall on Jun 26, 2009 7:49 AM
Filed under Technology

IT executives wanting more money should look outside the sector, says job
adviser.

Research by an online recruitment service for senior executives has found that while most salaries are increasing, IT wages have declined four per cent since last October.

Experteer found the average pay of employees in the public sector, consulting and financial services had jumped from £70,000 to £74,000 in the past six months despite the recession.

However, IT salaries had fallen, probably as a result of a greater decline in the number of jobs in the sector, said Experteer.

“It’s good news for all sectors bar IT,” the firm said.

According to the research, IT specialists have been hardest hit, with average salaries dropping six per cent from £66,000 to £62,000.

IT managers have seen their average wage drop from £80,000 to £77,000, while salaries for senior IT executive have declined from £119,000 to £115,000.

Experteer managing director Torsten Muth advised IT executives wanting more money to try pastures new.

“Ambitious IT executives facing a fall in reward for their next step on the career ladder should consider whether their experience might be relevant to other industries in which salaries continue to rise, such as consulting and financial services,” Muth said.

 
Follow us on Facebook and Twitter
 

Copyright ©v3.co.uk

IT wages down four percent in UK
 
 
 
 
 
Top Stories
Datacom signs mega data centre deal with NextDC
Perth is first cab off the rank.
 
NewLease hires former MYOB and Oracle man as new CEO
Following death of co-founder Douglas Tutus.
 
Aussie firm aims to build 10,000-strong software army
Revolution IT banks on crowdsourcing to help win business.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
Which mobile device couldn't you live without?


Latest Comments
CRN Magazine

Issue: 329 | July 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.