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Raises for some IT pros could jump 8% in 2023, exceeding inflation

After failing miserably to keep up with inflation over the past two years, it appears salaries for IT pros are beginning to catch up, according to a new study from Janco Associates.

In 2021, the mean compensation for all IT pros rose just 2.05%, according to a mid-year salary survey from the business consultancy. In 2021, the median salary for IT pros at large enterprises was $100,022, and $95,681 for those at mid-sized firms.

In 2022, however, merit increases for IT pros lept to 5.61%, with the median salary for all IT professionals rising from $95,845 to $101,323. The median salary for an IT executive rose to $180,000.

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Source:: Computerworld