Australian IT pros expect pay hike in '15

Six in 10 Australian IT professionals are expecting a pay rise in 2015, suggesting that confidence in the career prospects of the occupation is returning, according to Robert Walters.

A survey conducted by the recruitment consultancy firm also found that 34% of IT professionals are expecting a bonus on top of their base salary.

This compares to just 43% of respondents reporting having received a salary increase in 2014, and 23% who received a bonus.

Around a third of IT professionals are planning to leave their roles in the next three months - significantly below the average of all professionals of 45%. This suggests a higher level of satisfaction among IT experts for their chosen career path.

For the workers indicating a desire to leave, 41% expressed a desire to seek career development opportunities. This was the main motivator behind employee churn, followed by a pay rise, improved work-life balance and improved job security.

“The results show that the number of IT professionals expecting a salary increase in 2015 is on par with the average candidate response,” Robert Walters Director of IT in Sydney Peter Bateson said.

“IT workers are most likely picking up on a general increase in business sentiment that we are currently witnessing in the Australian market, and expecting their remuneration to be increasing as a result.”

But expectations for those anticipating a pay rise are modest, with the largest proportion of respondents estimating that their salaries will increase between 4-6% and nearly as many expecting a 1-3% hike.

Workers expecting a bonus likewise typically believe it will be between 1-10% of their base salaries, with the largest proportion expecting a 6-10% bonus.

Image courtesy of TradingAcademy.com under CC