In an unstable financial climate, the fact that salaries for IT workers are beginning to stabilize is a good sign for the coming months, according to Katherine Spencer Lee, executive director of the specialized staffing firm Robert Half Technology (RHT), publisher of the 2003 Salary Guide for the information technology world.
She attributes the dip in starting salaries for IT employees as a continuing correction from the dot-com boom and the slumping economy. Weve certainly seen IT salaries stabilize over the course of the last 12 months, and I think well continue to see that stabilization in 2003, says Lee. Companies are being more conservative in regard to their hiring, and there are more people out in the job market. That certainly has an impact as well.
RHT projects starting salaries for IT workers to decrease by 1.3 percent this year in the United States and to fall by 2.2 percent in Canada. At the top level, starting salaries for CIOs will be down .21 percent in 2003, with a range from $119,250 to $199,750.
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