https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2020 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2020 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Digital Service Providers
  • Cloud Service Providers
  • CHANNEL PARTNERS ONLINE
 Channel Futures

Channel Research


Shutterstock

Money Bag

Compensation Not the Only Game in Town for IT Pros

  • Written by Lynn Haber
  • January 29, 2019
Give IT pros both good compensation and work conditions, and you might just keep them.

A respectable salary can keep IT pros in their jobs, but a better one from another company could incentivize them to jump ship. Yet there’s more to this story.

Working conditions – such as remote work, flex hours, culture, and training and education – hold a big appeal for tech professionals looking for greener pastures.

The latest stats from the annual Dice 2019 Tech Salary Report, released Tuesday, note that salaries for IT pros were flat in 2018 — so employers should consider improving work conditions to retain employees. Those on the hunt for new IT pros need to entice them with both a healthy salary and attractive work conditions.

“Technology is an important driving force behind innovation, and almost every company will be a tech company at its core in the future. How we incentivize our tech talent will define our business success,” said Art Zeile, CEO of DHI Group, parent company to Dice, a career platform for technology professionals.

Looking back at 2018, Dice reports salaries for technology professions in the U.S. averaged $93,244, up less than 1 percent from the previous year. But it notes that compelling deal sweeteners beyond salary impress top tech talent and attract new talent.

Compensation, or increasing compensation, continues to lure IT talent; in fact, salary satisfaction has been declining steadily since 2012, when only 57 percent report being satisfied with their paychecks. Last year, less than half (48 percent) said they were satisfied. When asked if they’d change employers, more than two-thirds (68 percent) of Dice survey respondents said they would leave for a fatter paycheck. Forty-seven percent said they would leave an employer for better working conditions, and one-third (34 percent) want more responsibility.

Money is nice, but it’s not everything. The Dice report highlights dissatisfaction with working conditions among IT staff — and employers who seem not to be doing much about it.

For example, nearly three in four (73 percent) survey respondents want a flexible working option, yet only 49 percent have it. Seventy-one percent of survey takers said that training and education are important to them but only 40 percent get it from their employers. One in three (34 percent) tech pros said they’d change employers to get more job responsibilities.

The Dice results suggest a correlation between a lack of interesting and challenging work with job burnout. Among tech survey takers, one in three (35 percent) reported job burnout. Contributing factors include lack of recognition (36 percent), workload (35 percent), and lack of challenge or monotony (28 percent).

More than one-half (52 percent) of survey respondents said they’d take a pay cut to work remotely more often; 48 percent wouldn’t. What are flex work options worth? For one in three (33 percent), they’re worth a 10 percent cut in pay, Three percent went as far to say they’d take a pay cut of 31 percent or more for a flexible work option.

A flexible work option isn’t an all-or-nothing proposition for the survey-takers. Responses range from those who want to work remotely all the time (21 percent) to those who want to a few days per month (15 percent). Most of the remaining two-thirds chose one day a week, half time or more than half of the time away from the office.

The survey revealed that companies providing training and education are more likely to have tech pros who are satisfied with their jobs (45 percent), while just 28 percent of IT pros who are dissatisfied with their job get training.

Retaining tech talent saves companies time, money and headaches. The primary motivators employers provided IT pros in 2018: increased compensation (17 percent), flexible work location/work remotely (15 percent), flexible work hours (10 percent), more interesting or challenging work (10 percent), promotion or new title (4 percent), training and certification courses (3 percent), and high-level recognition (2 percent).

Since 2010, Dice reports the percentage of employers providing motivators to retain talent has risen steadily, from 59 percent in 2010 to 73 percent today.

Tags: MSPs VARs/SIs Best Practices Channel 101 Channel Research Strategy Channel Research

Related


  • Businessman stepping up ladder
    Andy Jassy of AWS Is Movin' On Up: Partners React
    Find out what some of your peers and suppliers have to say about Jassy becoming Amazon CEO.
  • Growth depiction
    UK Channel Expects Big Growth in 2021, Cybersecurity a Big Driver
    Many partners view COVID-19 delays as one of the least important challenges they face.
  • Assessment
    CompTIA Rolls Out New Tech Vendor Assessment Tool
    Vendors may be overestimating their own channel readiness.
  • No Racism
    Racially Charged Tweet Costs Alteryx CRO His Job
    Numerous individuals, including a customer, criticized Alteryx for the tweet, which led to the CRO's resignation.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • MSPs: Grow the Business with Marketing (While Focusing on What You Do Best)
  • The Top IT Challenges Executives Will Face in 2021
  • The Smart Money’s on a Staged Approach to Security Services Provision
  • Xerox Financial Services Launches to Help Enterprise, SMB Customers

Galleries

View all

Channel Partners Virtual 2021 Is the Hottest Ticket in Town

February 26, 2021

Industry Perspectives

View all

The “Roaring 20s” Are Coming

February 25, 2021

Three Ways MSPs Can Improve Supply Chain Security

February 24, 2021

SASE: The Key to Mitigating Business Transformation Risk

February 22, 2021

Webinars

View all

A Partner’s Perspective on Channel Success in 2021

March 17, 2021

XDR and Why it Matters to MSPs

March 24, 2021

Top Security Trends Impacting Technology Security Providers In 2021

March 25, 2021

White Papers

View all

Ready To Add Cutting Edge IoT Solutions To Your Portfolio?

  • 1
February 25, 2021

What Is The Value Of Distribution For The Internet Of Things?

February 25, 2021

The Internet of Things (IoT): Where do You Begin?

  • 1
February 25, 2021

Upcoming Events

View all

Channel Partners Virtual

March 2, 2021 - March 4, 2021

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

Videos and Fastchats

View all

FASTCHAT: How SOAR Eliminates Security Challenges and Elevates Service Provider Revenues

January 6, 2021

Happy Holidays from Channel Partners & Channel Futures!

December 21, 2020

FASTCHAT: How Old, Unpatched Technologies Are Creating New Security Threats for MSPs and Their Customers

December 3, 2020

Twitter

ChannelFutures

Amazon WorkSpaces @awscloud DaaS client will be available on @IGEL_Technology virtual endpoint client OS.… twitter.com/i/web/status/1…

February 26, 2021
ChannelFutures

.@VMware cutting more workers in California as part of ongoing #workforcerebalancing. #layoffs… twitter.com/i/web/status/1…

February 26, 2021
ChannelFutures

#CPVirtual is March 2-4. It’s the hottest ticket in town — any town, since it’s 100% online — so make sure you have… twitter.com/i/web/status/1…

February 26, 2021
ChannelFutures

.@datto, @ThreatLocker partner to streamline #MSP secure business operations. dlvr.it/RtYvJK https://t.co/nKGnwbblNO

February 26, 2021
ChannelFutures

Infographic: Why Partner with Sierra Wireless and GetWireless? dlvr.it/RtYh1m https://t.co/KcBFzXIx7l

February 26, 2021
ChannelFutures

Infographic: The Sierra Wireless Essential Series dlvr.it/RtYgxv https://t.co/CatxbRHzXr

February 26, 2021
ChannelFutures

#Threatprotection is no small matter for #MSSPs. Find out what vendors say you have to do this year to protect your… twitter.com/i/web/status/1…

February 26, 2021
ChannelFutures

Cloud strategies and cybersecurity are key, and #COVID19 will have more impact than #Brexit on U.K. channel, says… twitter.com/i/web/status/1…

February 26, 2021

MSSP Insider

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Channel Partners Online

Want more? Find more channel news and analysis on our sister site, Channel Partners.

Media Kit And Advertising

Want to reach our audience? Access our media kit

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Online
  • Channel Partners Events
  • MSP 501
  • MSSP Insider
  • IoT World Today
  • Webhostingtalk

WORKING WITH US

  • Contact
  • About us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X