Base Salaries on the Rise
Larger increases in base compensation are expected in high-demand roles such as software developer, web developer and data warehouse manager.
Business expansion and increasing investments in technology continue to drive demand for highly skilled IT professionals, said Katherine Spencer Lee, executive director of Robert Half Technology, in a statement. To attract top candidates, many companies are raising compensation levels for new hires to ensure their salaries remain competitive with their local markets.
According to the guide, software developers will see the greatest starting salary gains of any job classification in 2007, with base compensation expected to rise 5.1%, to the range of $60,250 to $94,750 annually.
Companies seek individuals who can enhance applications, and develop new software prototypes and solutions to satisfy customer demands, Lee said. A shortage of experienced software developers means companies are willing to pay top dollar to recruit and retain these professionals.
Base compensation for web developers is projected to increase 4.2% next year, to a range of $54,750 to $81,500.
Data warehouse managers also should see starting salaries increase 4.2%, bringing them to the range of $85,500 to $113,500 annually.
Other key findings:
Industries forecasting particularly strong demand for IT professionals in 2007 include financial and business services, insurance, technology, healthcare and manufacturing.
However, hiring activity varies significantly by geographic region. (All salaries listed are national averages. A regional analysis of hiring trends and compensation variances is included in the salary guide.)
Information in the salary guide is based on the thousands of job searches, negotiations, and project and full-time placements made by RHT's staffing and recruiting specialists.
Continuing or ongoing salaries are not reported since seniority, performance, work ethic and other hard-to-measure factors can affect pay as individual work histories develop.
For a free copy of the guide, go to www.rht.com.