IT Salaries Fall -- Hiring at All Time Low
As the economy continues to languish, IT salary trends offer little hope to both working and unemployed IT professionals, as companies cut wages and fewer high-tech positions become available due to attrition.
Janco Associates has released data from its 2009 Mid Year IT Salary Survey that proves compensation for high-tech workers isn't improving, but declining as more companies prepare themselves for a long economic recovery.
"The current economic climate with its cost-cutting mind-sets, business closures and extensive outsourcing has put such a great pressure on the IT job market that overall pay has been impacted," said Victor Janulaitis, CEO of Janco, in a statement. "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."
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