According to the 2003 IT Staffing and Compensation Guide, an annual report released by META Group, Inc., 61 percent of IT managers indicate that IT compensation consumes from 25 to 50 percent of their budgets, even though IT budgets have decreased or remained flat this year.
Last year, only 40 percent of IT managers claimed this same range, proving that IT salaries continue to have staying power despite the economy. While IT salaries continue to rise, the rate of increase is holding steady with last year, averaging 5 percent for base salaries, though a few job categories requiring hot skills continue to see increases of 8 to 10 percent depending on the skill. In addition, even more respondents than last year predict an increase in the IT compensation budget during the next year 26 percent of all respondents in 2003 compared with 22 percent last year.
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