April 29, 2002, 4:45 PM PT http://news.com.com/2100-1017-894794.html
Never mind that information technology workers who still have jobs are making a lot less from stock options; their base salaries and bonuses are also falling sharply, a new survey released Monday shows. Information technology managers should see an average 8 percent decline in total compensation this year, while rank-and-file IT workers should expect their pay to fall by 11 percent, according to a study by high-tech trade publication Information Week. The study found that IT managers earn a median base salary of $83,000 a year, while IT staffers make $61,000. The lower salaries many of them are seeing this year represents the first such drop in a decade, according to the magazine, which surveyed more than 10,000 technology employees. Bonuses are falling even more than salaries. Information Week said managers who last year got a median bonus of $17,000 will see bonuses of about $6,000 this year. Median bonuses for staffers should fall from $11,000 to $2,000. The study also found some other changes for the worse in the IT workplace. It said workers generally had more stress and lower morale. ----------------------- More Info? ------------------------ NED's Official Website: http://www.neduet.edu.pk NEDian.ORG.PK : http://nedian.org.pk NED Alumni USA : http://NED-ALUMNI.org ECN List: http : http://nedian.org.pk/ecn/ecn.html List Archives : http://www.mail-archive.com/[email protected] ECN Members' Blurbs : http://nedian.org.pk/ecn/blurbs.html ---------------- http://nedian.org.pk ---------------------
