IT workers in quest for better salaries
HIGH turnover of employees in the technology sector is expected in the next few months as dissatisfied staff look for better jobs with greater pay, new research reveals.
Specialist technology recruitment firm Robert Half Technology surveyed 1200 technology professionals and found 43 per cent believe their current salary package is not fair or in line with the market.
Almost three-quarters, or 74 per cent, say they want to switch jobs to get greater bargaining power at salary negotiations.
Manager Jon Chapman says it has been a tough 18 months for many employees, with pay freezes put in place and skeleton staff left to shoulder the burden of increased workloads.
‘‘As a result, they are now looking to improve their situation via a new job,’’ he says.
‘‘The market has now picked up and many major IT projects are kicking off or are being reinstated.
‘‘With employees feeling less loyal to their employer, those who are looking for more money will likely go elsewhere to find it.’’
The survey reveals 22 per cent of technology employees had a salary decrease in the past 12 months, with 59 per cent of those saying they lost their job in the economic downturn and had to accept a lower-paid position.
But it also finds that 70 per cent of employers now are concerned about losing top performers to other career opportunities in the next year.