Not happy with the bonus or raise you received this year? Perhaps you're long overdue for an increase, want more recognition or you have a boss who knows less about IT than you do. If so, you're not alone.
The number of Redmond magazine readers that say they may change jobs has doubled since last year, according to the 18th Annual Redmond magazine Salary Survey, published Tuesday. Salaries overall are up 3 percent, slightly lower than the 3.25 percent average salary in last year's survey. But here's the most interesting finding in this year's report: More than a quarter of the 1,018 qualified respondents (26.8 percent) say they are weighing the possibility of changing employers up from 13.1 percent a year ago.
The surge in those who plan to put out feelers suggests IT organizations are poised to see marked turnover, which is hardly surprising, given the fact that unemployment, though still uncomfortably high continues to come down. The national unemployment rate early last month when we analyzed the survey was at 7.4 percent but IT unemployment was only 3.6 percent according to the U.S. Department of Labor.
When I shared the findings of our survey with Mike Durney, CEO designate of Dice Holdings, which operates the popular job recruitment service for IT pros and developers, he wasn't at all surprised at the trend. Many IT pros and managers have been stuck in jobs where they're being asked to do more, while salaries have not increased at the pace they did before the financial crisis of 2008.
It all comes down to simple supply and demand, Durney and others I spoke with noted. "There are lots of reasons people are afraid to make the leap, but it looks like this year, they're finally starting to make that leap."
Are you making the leap? Feel free to comment or drop me a line at [email protected]
Posted by Jeffrey Schwartz on 09/04/2013 at 2:06 PM
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