InformationWeek Salary Survey Reports High Tech Wages

InformationWeek released its annual IT Salary Survey last week and the results were not a surprise. The Salary Survey is further justification of the trends we’re seeing in rapidly rising tech wages.

Surprisingly, a slight decline was seen in median salaries for those under the age of 25. With only 39% of staffers thinking that the tech industry is as promising it was five years ago, this is a little disturbing. However, with every cloud, there is a silver lining.

The members of Generation Y play a critical role in keeping the tech sector flourishing and will become more important as Boomers begin to retire. We anticipate the demand for hard-working, experienced Gen Y-ers to continually increase throughout the next few years. And, with technology undergrad enrollments on the decline, supply will be limited. This strong demand and shallow supply pool could potentially send average tech salaries for Gen Y-ers sky-high in the next few years. It will be interesting to see what happens.

For now, Gen Y-ers need to continue focusing on building their career plans and beginning to reach their goals. In addition to its survey, InformationWeek also put together a helpful “How To Career Guide” that can serve as a great resource no matter what age you are or where you fall in your career path.

Posted by Michele B.