InformationWeek Launches Its 2003 National IT Salary Survey

InformationWeek, the leading IT media brand, today announced that it is launching its 2003 National IT Salary Survey to appear in the April 28th issue of InformationWeek. Now in its sixth year, this professionally designed compensation and benefits study is the largest and most respected survey of its kind. To participate in this year's survey, U.S.-based IT and network professionals should go to http://www.informationweek.com/salary.

In 2002 nearly 15,000 IT professionals from CIOs to software testers completed the annual study. The survey results power InformationWeek.com's unique IT Salary Adviser, a free benchmarking tool for IT professionals available at http://www.informationweek.com/itsalaryadviser. InformationWeek Research's National Salary Survey 2002 showed that despite the slumping economy, base salaries for IT professionals continued to rise, although at a much slower pace than in previous years. In addition, raises were significantly lower than in previous years. Growing importance was placed on job stability, personal fulfillment and being challenged with increased responsibility.

  Additional highlights from the 2002 study include:

  * Total compensation for IT managers was $89,000 down from $97,000 last
    year, an 8% drop. For IT staffers, compensation was $63,000 compared to
    $71,000 last year, a decline of 11%.

  * Of the IT professionals surveyed, 5.7% are currently unemployed. Over
    60% of these unemployed professionals were laid off either voluntarily
    or involuntarily subsequent to the events of September 11, and the
    ensuing economic impact.
    ** 3 in 5 of the unemployed say finding a job is their highest priority.
    ** 2 in 5 say they've received no severance package, and another 27%
       received less than a month of salary.
    ** The hardest hit job function includes application development
       and networking.

For the first time in a decade IT jobs are hard to come by. Will that trend continue in 2003? As companies continue to grapple with the recovery process, are they doing so at the expense of their employee's careers? InformationWeek will answer the following questions:

   -- Are IT professionals finding challenging career paths?
   -- Are they being compensated fairly?
   -- Are they satisfied with their job, including compensation and benefits
      packages?

While IT professionals enjoyed a huge surge in compensation and benefit packages in the boom years, many IT managers and staff are concerned about their pay and job prospects moving forward. "This in-depth study provides invaluable benchmarking data for both novice IT workers and CIOs of billion dollar enterprises," said Rusty Weston, editor of InformationWeek Research. "Best of all, the study is totally confidential and provides employees a great opportunity to sound off about their job satisfaction and what motivates them to work."

About InformationWeek

InformationWeek helps more than 440,000 Business Technology Professionals who buy, build and manage technology drive business innovation powered by technology. In addition to the weekly magazine, InformationWeek provides a platform of information solutions including www.informationweek.com, InformationWeek Research, InformationWeek Events, which includes the InformationWeek Conference for Business Technology Executives and the InformationWeek Daily, an e-mail news service. In November 2001, the leading IT media brand launched Optimize, an InformationWeek Resource for Business Technology Executives. In 2002, InformationWeek was consistently recognized for its commitment to excellence and innovation, receiving several of the industry's top media accolades including top spots in Technology Marketing's Influencers Report, the #1 ranking on Folio's annual list of top trade titles, as well as ASBPE's National Gold Awards for Best Series and Best Web Series.

About CMP Media LLC

CMP Media LLC (www.cmp.com) is a leading integrated media company providing essential information and marketing services to the entire technology spectrum-the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, and research, direct marketing services, education and training, trade shows and conferences, and custom publishing.

   Contact:
   Lisa Smith
   InformationWeek
   (650) 513-4427
   lcsmith@cmp.com

SOURCE: InformationWeek

CONTACT: Lisa Smith of InformationWeek, +1-650-513-4427,
lcsmith@cmp.com

Web site: http://www.informationweek.com/
http://www.cmp.com/