2002 Tech Salaries Flatten Out

December 6, 2001(PLANSPONSOR.com) - The record-low unemployment figures and competition for workers, which led to sharp salary increased for information technology (IT) professionals during the tech boom, are a thing of the past, the new RHI Consulting Salary Guide reveals.

Base compensation for information technology professionals will remain virtually unchanged in 2002. At the same time, starting salaries are projected to increase by an average of 0.1% in 2002, compared to the 8.4% increase forecast this time last year.

Money Talk

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According to the guide, network security professionals will see the greatest starting salary increases of any job category, for the second year in a row, with base compensation expected to rise by 3.4% in 2002.

In terms of job title, Applications architects can expect the largest rise in base compensation – an increase of 6.7% in average starting salary compared to 2001, while starting salaries for consulting and systems integration directors should rise an average of 6.1%, according to research from RHI Consulting.

Show Me the Money

Other notable increases in starting salaries from 2001, according to the guide, include:

  • a 4.8% increase for database managers, bringing their base compensation to between $83,000 and $114,000,
  • a 4.7% rise for software engineers, their starting salaries moving to between $65,000 and $97,000,
  • disaster recovery specialists will see starting salaries increase 3.1% to between $57,000 and $86,000,
  • base compensation for senior help desk specialists will increase by 4.9%, with starting salaries in the range of  $57,000 and $45,000,
  • systems administrators will earn average starting salaries between $51,000 and $72,500 annually, a gain of 2.1% over 2001

Sector Watch

Industries forecasting particularly strong demand for IT professionals in 2002 include:

· health care,
· financial services, and
· real estate

Information in the Salary Guide is derived from thousands of job searches, negotiations and placements conducted each year by RHI Consulting recruiting specialists.