IT salaries aren't keeping up with inflation — but that may soon change
Credit to Author: Lucas Mearian| Date: Thu, 26 May 2022 03:00:00 -0700
Pay for some IT professionals is failing to keep up with inflation, according to a salary survey by IT employment consultancy Janco Associates for calendar year 2021. But preliminary data indicates pay for tech workers could soon change drastically with job market in IT tight, and many companies eyeing major tech projects in the year ahead.
With inflation in the US running at about 8% over the past year, salary increases — even for IT execs — have failed to keep pace.
The mean compensation for all IT pros last year rose only 2.05%, with the median salary at $100,022 for those at large enterprises and at $95,681 for IT workers at mid-sized firms, according to Janco.