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Bad News for High-Tech Pay
(Click here to view the original thread with full colors/images)
Posted by: Kdr Kane
PALO ALTO, Calif. (Reuters) - Never mind that information technology workers are making a lot less from stock options; their base salaries and bonuses are also falling sharply, a new survey released Monday showed.
Information Technology managers should see an average 8 percent decline in total compensation this year, while rank and file IT workers should expect their pay to fall by 11 percent, according to a study by high-technology trade publication Information Week.
The study also found some other changes for the worse in the IT work place. It said workers generally had more stress and lower morale.
Personally, I see this as a normal business cycle. With the downturn in the economy recently and layoffs, it's an employer's market in high tech.
There will always be a demand for IT personnel. We just have to get over this bump in the road. It's probably a good time to stick to your current job unless you are absolutely certain about something new.
Source: Reuters
Posted by: Lord_Buttplug
Or you can't stand the place your at now. 8^P.
Posted by: JANNA
i cant stand wisconsin but im sticking here cuz the job is good
Posted by: Nfested
This may not be true for IT, but Computer related jobs should see higher demand in the near future.
Here's an excerpt from TIME magazine: Computer-related jobs will be among the fastest growing in the next decade. Leading the way will be those key employees who help large companies maintain their daunting tangles of technology, from system analysts and support specialists to database administrators
Posted by: Null Actor
The reason the pay is falling is because there is an overabundance of people to fill the positions.
Posted by: iTaL
The problem is overworked workers
They dont want to give job to a , artist , sound spechalist , program etc , there trying to get 1 person for 3 jobs
And they wonder why bootleggin and underground crime is riseing
Cause unless your hittin homeruns playing some sport , model , or entertainment industry the world says ahh there just slaves
Posted by: Nfested
There are around 70 million baby-boomers who will retire in the near future, while there are about 46 million gen-xers. This leads to a lot of positions opening up. The future looks sanguine for jobseekers.
Posted by: Digitalphatman
 Quote:
Originally posted by Nfested
There are around 70 million baby-boomers who will retire in the near future, while there are about 46 million gen-xers. This leads to a lot of positions opening up. The future looks sanguine for jobseekers.
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Yeah i guees you could look at it that way, but 70 million retirees to only 46million workers kinda bothers me.
Posted by: Nfested
Not all the babyboomers are going to retire at the same time, and companies are preparing for it. But that is a huge gap, I think TIME magazine might have stretched the truth.
Posted by: redwench
baby boomers were born from 46-64. i doubt whatever they used for genx covered that large of a span.
Posted by: jrpm
If you are counting on Social Security for your retirement, worry. I am not sure about the exact number, but when SS was started, there was about a 10 to 1 ratio of workers to recipients.
I am a boomer. For those of you after me, again, if I am not having a senior moment, the ratio is supposed to go to 4 to 1. We as a people are living longer and we as citizens keep adding benefits to social security.
For you young whippersnappers, thanks in advance.
As to the overall job market, the issue (in all the other journals I am reading) is not just numbers, but skill sets. The majority of the Mainframers are expected to retire in about 5 years. How many of the whippersnappers know COBOL and MVS/TSO? COBOL will be hot, but will anybody be able to take the jobs?
The skills issue is the other factor. The jobs and money will always be there for the hot skills. But as those skills cool.........
I also suspect there is one other issue. I am reminded of (can't remember his name, maybe a senior moment) that had a shtick about the starving Ethiopians a few years ago. He pointed out that there was plenty of food and arable land about 100 miles away from where the people were having their problems. His advice, shouted at the top of his lungs, was GO WHERE THE FOOD IS.
One must be willing to go where the jobs are, even Wisconsin.
Posted by: Kdr Kane
Quote:
Originally posted by redwench
baby boomers were born from 46-64. i doubt whatever they used for genx covered that large of a span.
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hmm...
I was born in 1960. I've never felt that I was part of the baby-boomer generation. I think they are almost 10 years older than me.
Posted by: Chako
Red is correct...the baby boomer generation did span from 1946 to 1964.
Generation X (my generation) was from 1966 to 1975.
Generation Y was from 1976 to 1981.
I haven't a clue what comes after that for a moniker.
Posted by: Canis Lupus
Generation Z, most probably 
Posted by: jrpm
Based on Chako's dates, what about 1965?
I think there were one or two born in that year. What do we call them.
Posted by: tkron
I vote that those born in 1965 should be called
the in betweener generation
the forgotten generation
or
the left out generation.
and they shouldn't have to pay any income tax 
Posted by: jrpm
As long as they FICA when I need them to.
It doesn't matter what we call them as long as they call us for dinner.
Posted by: Gunslinger
Quote:
Originally posted by jrpm
I think there were one or two born in that year. What do we call them.
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We call them the one or two chumps born in 1965 who are screwing up the nifty moniker system.
Posted by: Shalome
Wait.. by those dates, I'm "Generation Y"?? How odd.. I always thought I was at the tail-end of gen-X... Hmm.. From a pop-cultural perspective, what defines Generation Y?
Posted by: Nfested
I think Gen-Y fits the people who are mid20s and younger who grew up listening to britney spears.
Posted by: Chako
Ok ok...there is controversy over what is a generation, what is its span, etc...those numbers I quoted to you above are one variant.
Here is another, with some characteristics added in. It is religious though..and I feel that their info is suspect due to biases. But I link it here as just another example of another slant on who is who and when is when....
Characteristics of the Generation
Posted by: Nfested
"some are violent"
That's a pretty awful description of Gen-Xers.
Posted by: Chako
What do you want? It is from a religious slant, and everyone on these boards know how I feel about the subject of religion.
Besides, I posted that just for the dates. The descriptions are entertaining.
Posted by: TotalRecall
Quote:
children of divorce
integrated into the Internet
grew up with 50+ TV channels
fully unchurched
amoral - have no values
education-oriented
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We must be Satan's kids.  And education oriented? What? Were the other generations "kinda stupid"?
Posted by: Shalome
Every generation thinks the ones below it are going to hell in a handbasket as far as morality is concerned. My grandmother looks at stuff going on in the world today and says "things don't change.. people been doin' this stuff since the beginning of time. We just get old and forget we did it too!"
At any rate, if Gen-Y is defined as "grew up listening to Brittney Spears," then count me out. I never even HEARD of Brittney Spears till I was in my 20s! I listened to New Kids on the Block in the 5th grade and quickly graduated to Guns 'n' Roses and Metallica and MTV's "Headbanger's Ball," and then on to Nirvana, Pearl Jam, and Nine Inch Nails. I remember Reagan's presidency and George Bush Sr.'s first election. What generation does that put me into? I dunno, maybe I just ignored most of the 90s.. or can't remember them.. either one is entirely plausible.
Posted by: Nfested
Well I was only defining Gen-Yers in a pop-cultural way. Besides Britney Spears has only been around for about 4 years. I'm sure that my definition is not the most accurate there is.
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