In IT, balance of pain shifts slightly from worker to employer

Barely positive hiring figures reduces sense of being trapped

By  

There is good news about hiring in IT, but the very tiny raises and small increases in hiring aren't really the core of it.

The big shift is that the balance of power -- the balance of pain, really -- is shifting to be a little more balanced between employer and employee than they were during a recession so deep employers could get away with anything while workers hung on by their fingernails because there was nowhere else to go.

According to a survey released yesterday by leading IT job-ad site Dice.com, more tech workers got bonuses and raises last year than in 2009.

Half of IT people got raises in 2010 compared to 2010, and 29 percent got bonuses compared to 24 percent the year before.

Those are only small signs of positive change.

The big improvements were highly localized -- concentrated mainly in hot technology areas such as Silicon Valley, big companies rather than SMBs and in hot tech companies such as Google, which announced in November it would give all its employees a 10 percent raise and $1,000 bonus.

(The move didn't work out so well for Google in the short term, though.)

Average salaries went from $78,845 in 2009 to $79,385 in 2010, though averages ranged as high as $99,028 in Silicon Valley. Overall that's the same level of increase as last year.

The good news?

Forty percent of the 2,000 IT people responding to the survey said they were dissatisfied enough to switch jobs, which is two percent lower than 2009, but their chances of actually doing it are higher.

Job postings at ad aggregator Indeed.com were up 40 percent in 2010 compared to 2009 and competition was lower. IT job ads averaged 14 clicks each, compared to 49 percent for media jobs and 40 per click for construction jobs, which were Nos. 1 and 2 in the list of most-competitive industries.

Unemployment in IT is also 8.1 percent, compared to 9.4 percent in the general population, according to the Bureau of Labor Statistics.

Slight increases in satisfaction levels, combined with positive indications on job availability and decreases in competition for those jobs mean the balance in the job market is shifting to favor IT workers more than during the past two years, though not nearly to the extent it did during the last two economic booms, according to Tom Silver, senior vice president for Dice North America.

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Answers - Powered by ITworld

Ask a Question
randomness