6/12/2023 0 Comments It manager salary![]() Other rises were linked to factors such as new responsibilities (15 percent compared to 11 percent last year), promotions (11 percent v nine percent) and new skills (nine percent v five percent). Interestingly, while the rates of increase for standard salary dropped (44 percent compared to 55 percent in last year's survey), more salary increases were tied to performance (up from 30 percent to 38 percent) which perhaps explains the expectations on bonus pay, especially for the decision makers. For other roles, there is less expectation, with middle management hoping for $6,768 on average (compared with $6,593 the previous year), while IT staff are actually expecting less this year at $4,865, compared to $5,099 previously. Last year senior managers expected bonuses of $20,767 on average but this year that has leapt to $27,480 on average. Our survey found that senior IT managers in particular are quite bullish. It’s interesting to also note that the economic challenges many businesses have faced this year have done nothing to dampen expectations on bonus pay. However, just over half of IT contractors (54 percent) claim they have seen no change, with 28 percent actually seeing an increase. IT contract workers in particular saw significant change over the past 12 months, with 18 percent claiming a decrease in daily rates or base earnings, which accounts for the average day rate for contractors falling from $125/hour in the 2020 survey to $109/hour in the 2021 survey. Over the course of the last four years (2016-2020), senior IT management has seen on average, a 40 percent increase in salary, while middle management and IT workers have seen slower rates of increase, at 10 percent and five percent respectively. In comparison, middle management saw overall average compensation fall from $107,449 to $99, 944, and IT workers fall from $88,571 to $78,662. The highest increases were reserved for senior IT management (either full or part-time), who saw average compensation packages rise from $166,768 to $173,033 last year. This compares with 70 percent of IT professionals who saw a base salary increase in the 2020 survey. While significantly fewer respondents in the current survey report an increase in salary from one year ago, just over half of respondents (56 percent) did so. Our annual IT salary survey of 1,172 IT professionals finds that the average salary among all respondents has fallen from $112,580 in 2020 to $104,446 this year, although this doesn’t tell the full story of what has been an unprecedented year with unique challenges. Rapid acceleration in digital transformations over the past 12 months has confirmed this, although the nature and share of compensation compared with the previous year does not necessarily reflect this increased status. However, the IT industry remains a dynamic, well invested and growth-orientated industry. What we wanted to find out is how this has impacted salaries and earning potential?Īccording to the 2021 IDG Insider Pro and Computerworld IT Salary Survey, total compensation over the past 12 months, in terms of base salary and bonuses has not changed dramatically, although the overall average figure for compensation has fallen. ![]() If the COVID-19 pandemic has done one thing for the IT industry, it’s that it has shone a very bright light on the increasingly critical nature of digital IT tools and infrastructures. ![]() Despite economic uncertainty heading into 2021 and rapidly changing industry dynamics, the outlook for IT professionals is a positive one.
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