storage salaries edge UP

Radding, Alan
December 2004
Storage Magazine;Dec2004, Vol. 3 Issue 10, p24
This article presents the results of the second annual storage industry survey conducted by Storage magazine in the U.S. in 2004. Overall, respondents like working in storage. During the year, salaries grew approximately 5 percent over what this year's survey respondents reported for 2003. Still the economic continued to be problematic for IT professionals. In addition to salary, some storage professionals receive bonuses as part of their total compensation package. Almost half of the survey's respondents said they expect to receive an average bonus of $5,000 in 2004, almost $900 more than the 2003 survey respondents. Approximately half of the respondents reported no bonus at all in 2003 and 2004. Respondents in the 2004 survey estimate their bonuses will increase by almost 20 percent in 2005 to $5,445. By industry, the financial services area experienced the largest bonuses, almost $9,000 on average, followed by utilities at $6,650 and IT services with almost $6,000. Stock options are another form of compensation; 17.5 percent of respondents report stock option as part of their compensation package, about the same as 2003. Compared to 2003, the government and non-profit and II services sectors gained the most in 2004 in terms of raises, an almost 6 percent increase. INSET: BEYOND SALARY.


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