IT compensation satisfaction at an all-time low

A recent survey found IT compensation satisfaction has hit a record low, with relatively few IT workers saying they are satisfied with their pay. Industry observers, however, suggest the issue might not be entirely about money, leaving CIOs with options for boosting morale on thin budgets.

In its latest IT salary survey, tech careers site Dice found IT worker compensation satisfaction has recently plunged, “with only 41% of tech professionals reporting they were either ‘very’ or ‘somewhat’ satisfied with their compensation. This represents a significant decline from previous years.”

Dice identified several likely causes, including feeling underpaid compared to peers (59%), fewer annual salary increases, and the “rate of employers offering several key benefits (401K, health insurance, PTO, remote work, etc.) appears to be declining.”