Careers Slideshow: Can You Expect a Raise in 2012?
By Dennis McCafferty | Posted 01-12-2012
If you've been promising your loyal IT staffers that you'll take care of them with raises when the economy turns around, 2012 is unlikely to be the year you get to make good on those promises. While employees in some roles will see increases this year, raises will be held in check, according to the most recent annual salary survey/forecast from Janco Associates. And CIOs and other executive-level IT managers will be in the same boat, likely to see level compensation from last year. "For information technology, the recession has bottomed out and the hiring of IT professionals will increase in 2012," says Victor Janulaitis, CEO at Janco. "However there still are a number of companies that will continue to be cautious, concerned that the recovery will not be strong enough to support increased IT spending. Cost control is still the rule of the day." One encouraging sign: There will be a surge in the number of part-timers and contractors hired for mission-critical projects, which bodes well for eventual increases in overall salaries. Also, if you're looking to find other ways to pay workers without increasing base pay, bonuses are trending upward, the research shows. Tech professionals representing more than 1,100 companies took part in the research. For more about the survey, click here.