Shortage of software developers leads to rise in demand and wages
IT professionals are to receive on average in 2007, a 2.8 percent salary increase over this year, according to a report in Information Week.
Due to a shortage of skilled software developers, those in this category are expected to see the highest salary gains of any job classification, with base compensation projected to rise 5.1 percent to the range of $60,250 to $94,750 annually, Robert Half Technology said in its annual salary survey.
In many markets, wages are rising due to increasing competition for talent. Web developers and data warehouse managers were expected to see an increase of 4.2 percent on average next year to an annual range of $54,750 to $81,500, and $85,500 to $113,500, respectively.
Project managers were expected to see a 4.1 percent jump to a range of $72,750 to $106,250 per year; quality assurance analysts, also 4.1 percent, to $52,250 to $74,500 annually; applications architects, 4 percent, $80,000 to $112,750; network security administrators, 3.7 percent, $69,750 to $98,500; and IT auditors, 3.1 percent, $69,250 to $97,000.
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