IT wages fall by up to 50%, says survey
The Mark Mitchell Sales and Marketing Annual Salary Survey shows that practically all workers in the IT sector have seen their wages fall by a minimum of 15% in the last 12 months with some workers wages halved as bonus levels and other extras were cut.
The survey uncovered a “back to reality” stance by employers. This term was the explanation given by client companies during survey research “There have been some notable changes in sector pay levels in recent years, between what was perceived as the high earning sectors, telecommunications and information technology, and the more modestly paid sectors,” said Mark Mitchell, managing director of the recruitment company which carried out the survey. “To be fair, one could equally call this a realigning of sector that saw earnings soar to an all time high. An example of this saw sales professionals earn salary packages of 120,000 to 150,000 and higher per annum in the telecommunications and information technology sector,” Mr Mitchell said.
