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Survey: IT salaries down last year







Survey: IT salaries down last year

Survey: IT salaries down last year 12/24/2004 12:27 PM

An IEEE-USA survey of IT professionals reported a 1.5% decrease in median income from 2002 to 2003, the first drop since the organization began surveying members in 1972.




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Survey: IT salaries down last year

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The issue of tech companies offshoring programming work is certainly a contentious one, and Business Week has an article talking about how one company dealt with the dilemma of saving 50% on salaries (vs. the standard asking price) by outsourcing to India or, instead, offering much lower salaries to American workers. The company found that they were flooded with resumes for the low paying job - many of which turned out to be high quality programmers. The company hired four programmers at the lower wages, and used them for the one project. Two of the programmers were eventually hired on as full-time employees at regular salaries. Of course, this sort of thing only works while the job market is weak, but does suggest that the market is correcting somewhat for boom-time salaries that were out of proportion with reality. Still, I take issue with the "obvious" choice, as described in the article, of going with cheaper overseas workers. I think that the benefits of having local, on-site staff who you can communicate with directly is quite valuable - often in excess of the amount of money "saved" in offshore salaries. In this case, the employer only valued the location at $5,000/year - which is much less than it's probably worth. The risk in offering salaries that are so low is that you may get lower quality workers who are much more likely to jump ship. However, in this case, it's clear that the employer realized this, and appears to have made his reasons clear to the employees - and, in fact, adjusted the salaries well upwards for the employees he wanted to keep. This all brings to mind the whole concept of "professional internships" that seem to become popular when the economy is down. People who want to convince a potential employer of their worth sometimes agree to unpaid (or barely paid) "internships" to convince the company that they're worth hiring.

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[PRWEB May 14, 2004]

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of the Few Web-based Survey Providers to
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evaluating Product Profiles and New
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07/21/2004 02:45 AM
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"Vast tuition sums go to pay huge
salaries to professors to stare at their
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salaries to professors to stare at their
navels and get approving glances from
THE PAPER OF RECORD ."
06/14/2004 09:52 AM

"that six demoted administrators will
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nice survey of a nice market....but can
u plz tell me of which city this survey
is?


nice survey of a nice market....but can
u plz tell me of which city this survey
is?
09/08/2004 11:26 PM
TechTree Sep 9 2004 3:48AM GMT

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Business Wire UK Apr 11 2005 2:12PM GMT

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Web sales at J.C. Penney rise 40%
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Chinese New Year - 2002 is Year of the
Horse


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Horse
01/22/2004 10:20 AM
¨§‡ … ˆ ˆ… †Š†Œ€Œ‡§ ¨§Œ §„ †ˆ .. Chinese New Year - 2002 is the Year of the Horse .. Welcome to 4700 .. Monkey .. 4700

chinapage.com/newyear.html
track this site | 5 links


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Survey: IT salaries down last year

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