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The typical U.S. IT organization plans to bump salaries of existing employees this year by 3.0%, a finding that is a slight improvement over the 2.8% median raise in the prior year.
In another positive finding for IT workers, Figure 1 from our IT Salary Report 2013 IT also shows that even at the 25th percentile, IT workers will be receiving a 2.0% boost in wages. However, the planned pay raises by IT organizations in the U.S. remains relatively compressed: at the 75th percentile, organizations are also budgeting for a 3.0% average raise, a sign that wage pressure remains relatively low.
Still, when viewed against the backdrop of a negligible 1.7% inflation rate in the consumer price index, the gains appear somewhat more positive.
The Computer Economics IT Salary Report 2013 provides our forecast for pay raises, turnover, and hiring in 2013 based on historical trends and economic conditions. It also provides the pay-relatives by industry sector, guidelines for calculating benefits and employer costs for private sector and government organizations, and incentive pay as percentages of total compensation for manager and staff positions. It concludes with job descriptions for each job function in this study. Salary ranges are provided from the 10th percentile to the 90th percentile for 69 IT functions and more than 400 U.S. metropolitan areas in Excel format.
This Research Byte is a brief overview of our report on this subject, IT Salary Report 2013. The full report is available at no charge for Computer Economics clients, or it may be purchased by non-clients directly from our website (click for pricing).