Each year we monitor and analyze hiring trends, including compensation and benefits in order to best serve our clients and candidates. Our annual salary survey presents data compiled from ESP’s recent placements, as well as national and local research. This year, we project average salary increases of 3.5% for professional IT staff and 3.9 % for IT management, as compared with our 2010 Salary Survey.
Base salaries for Information Technology roles in Minnesota average 7.85% higher than the national average. Due to high demand for IT professionals, companies are paying more for new employees, and offering raises to retain their current employees.
In the coming years it is expected that project management, cloud computing and virtualization, data security, network administration, business analysis and process improvement will be the biggest areas of growth within IT departments. Companies continue to invest in Business Intelligence tools and technologies as they strive to maintain or increase their competitive advantage and make the best business decisions in a recovering economy.
If you’re an IT Pro wanting to ensure you’re being compensated fairly or an IT Manager wanting to be competitive with your offers in this hot market, check out ESP’s 2011 Salary Survey, then: