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The growing number of companies moving information technology work to low-wage foreign countries has driven down salaries for many IT jobs in the U.S., and the trend is expected to continue, a salary research group said Wednesday.
Overall, the premium paid for IT workers with specific skills was 23 percent lower in 2003 than in 2001, and the pay for certification in particular skills dropped 11 percent, Foote Partners LLC said.
The New Canaan, Conn., firm found that while the general economic downturn contributed to salary deflation, outsourcing pushed compensation down even further.
In a yearlong study of 400 Fortune 1000 companies, researchers found that by 2006, the organizations expected from 35 percent to 45 percent of their current full-time IT jobs to go to workers overseas, David Foote, president and chief research officer for Foote Partners, said.
"That showed a definite declining onshore workforce -- fewer jobs for IT people in this country," Foote said.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
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