IT salaries, job market hit a speed bump

2016-01-15 15:15:02

Don't look now, but IT salaries are static and hiring is slowing, according to a survey of the job market.

Management consulting firm Janco Associates and eJobDescription.com's 2016 IT Salary Survey found that salaries for IT professionals in North America had increased only 1.39 percent in the past 12 months, with demand for IT professionals waning. The increase in the previous year had been close to 3 percent.

According to U.S. Bureau of Labor statistics, the U.S. job market for IT grew by 125,700 positions in 2015, compared to 129,400 in 2014; 74,900 in 2013; and 62,500 in 2012.
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