It's a good time to be an IT pro. The economy is strong. Unemployment is low. Plus, IT is not just a business cost center anymore. Tech is now core to business operations, creating value for customers, and more. With that in mind, here's the No. 1 question you should be asking yourself in 2020: Are you being paid what you are worth in today's booming market?
This year is a great time for you, as a technology professional, to take a critical look at your value in the market and current compensation. Do you know what your peers are making in terms of salary and benefits? What skills will keep you in demand in the months and years ahead? Are you more likely to be successful in your search for a remote opportunity?
Those are a few of the questions InformationWeek asks and answers in its 2020 IT Salary Report. The 2020 InformationWeek IT Salary Report is based on a survey of 800 IT professionals and leaders along with phone follow up interviews with an assortment of IT pros about their perspectives on trends in the market.
If you are looking for a ballpark number, the median total compensation for IT pros climbed to $110,000 in 2019, up from $105,000 the year before. But that doesn't mean that everyone should have expected a $5,000 raise. Half of IT pros reported receiving a total compensation increase of less than 5% in 2019. Anything higher than that was rarer.
Read the rest of this article on InformationWeek.