The growth in ICT salaries has dropped for the first time in six years.
According to an annual survey of Australian Computer Society (ACS) members, the industry experienced a four per cent overall increase compared to 4.9 per cent last year.
In the private sector, remuneration growth dropped by 1.2 per cent from 2008 to 3.9 per cent. But light has shone on the public sector, which recorded an above average 4.6 per cent rise from last year's 4.1 per cent.
Chief information officers (CIO) and general managers (GM) made the most money based on total remuneration packages which includes base salary, bonuses, superannuation and fringe benefits. CIO packages are worth $160,000 to $240,000 while GM’s get around $155,000 to $280,000. Developer programmers get paid the least out of all surveyed positions, earning $65,000 to $100,000.
In a statement, ACS Chairman, Kumar Parakala, said the number of infrastructure projects projected by the Federal Budget will have a positive impact on ICT employment and salaries. He also said the economic slump can present an opportunity for both employers and individuals to take time out to retain and refine skillsets, a sentient echoed in the latest report by recruitment firm, Hudson.