Kitsap Peninsula Business Journal
6-30-2001
IT paychecks get fatter
   Employee salaries are increasing for IT staffers, but so are working hours and turnover rates, according to technology consulting firm Meta Group’s 2001 IT Trends and Benchmark Report.

Boosts in corporate technology spending account largely for the longer hours people work.

The study, which included more than 6,000 companies in more than 28 countries, found that U.S. businesses spent an average of 8.7 percent of their gross revenues on technology in 2000, compared with 3.4 percent in 1999.

While worldwide IT employee job hours rose 30 percent in 1999 to 2,138 hours per year, the U.S. worker logs 2,157 hours per year, a 36 percent increase.