IT Salaries Drop

by Paula Santonocito

Information technology has weathered the recession better than most fields, but the 2009 Mid Year IT Salary Survey from Janco Associates finds overall pay has declined for IT professionals in the past 18 months.

Janco also finds demand is down for IT professionals.

"The current economic climate with its cost cutting mindsets, business closures, and extensive outsourcing has put such great pressure on the IT job market that overall pay has been impacted. Added to that many baby boomers who had planned on retiring in the next few years are not leaving the job market and you have more potential employees than positions available," says Victor Janulaitis, CEO of Janco Associates, in a press release today announcing the report's availability.

In addition to decreases in pay and demand, Janco research shows a drop in flexible hours for IT professionals. Stock options as a benefit for IT professionals too have declined.

The Janco 2009 Mid Year IT Salary Survey, available in three formats, is available for purchase at the Janco website.