ICT Salaries Continue to Grow
11 September 2012: The annual survey of Australian Computer Society (ACS) members, the nation’s peak body for Information & Communication Technology (ICT) professionals, revealed today that ICT salaries have shown steady growth over the twelve months to May 2012. The 2012 annual survey was conducted for the ACS by the Association of Professional Engineers, Scientists and Managers, Australia (APESMA).
Remuneration paid to ICT professionals across the twelve-month period was 3.9 per cent, marginally down from an annual increase of 4 per cent reported a year earlier. ICT professionals employed in the public sector recorded the greatest rate of increase of 4.6 per cent, a substantial increase from the 3.5 per cent reported a year earlier.
ICT professionals employed in the private sector reported an average increase of 3.7 per cent, a decrease from the 4.2 per cent increase reported in 2011. Education sector employees reported an average increase of 3.5 per cent, lower than the 3.9 per cent increase reported a year earlier. Overall, the median total remuneration package for ICT professionals in the private sector was $117,500 compared to $112,459 in the public sector and $100,211 in the education sector.
In real terms, the salaries of the majority of ICT professionals have accelerated substantially ahead of general cost of living increases. The Australian Bureau of Statistics reported an increase in the Consumer Price Index (CPI) of 1.2 per cent over much the same period. The rate of ICT salary increases have recovered in the private and public sectors to be just ahead of general wages growth.
Other key findings of the 2012 Remuneration Survey included:
The mining industry continues to perform best over the past year, ICT respondents in the industry reporting an average salary increase of 5.6 per cent. The communications sector also showed strong wage growth, with respondents in the sector reporting an average increase of 5 per cent. In the twelve months to the end of June 2012 the Australian Bureau of Statistics reported that annual Australian Average Weekly Earnings increased by 3.7 per cent. General Management and Chief Information Officer roles continue to be the most lucrative ICT positions, based on the level of total remuneration packages.
Source: The Australian Computer Society Remuneration Survey 2012
ACS Chief Executive Alan Patterson said that the findings of the 2012 Remuneration Survey demonstrated the continued underlying strength of the ICT sector in Australia.
“There are a number of factors at play when it comes to ICT salaries in Australia including the continued emergence of the Digital Economy, specific skill shortages and the roll out of the National Broadband Network.
“While it would be expected that mining-related roles continue to show the fastest increase, wage trends underline the demand for ICT professionals in areas as diverse as defence, energy and transportation.
“There are two key takeaways from these findings, the first is that ICT continues to provide strong, stable and well remunerated career paths for professionals. The second is that to help meet the continued business and government demand for suitable ICT professionals - more must be done to engage young people in ICT.”
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About the Australian Computer Society
The Australian Computer Society (ACS) is the professional association for Australia’s Information and Communication Technology (ICT) sector. Over 20,000 ACS members work in business, education, government and the community. The Society exists to create the environment and provide the opportunities for members and partners to succeed. The ACS strives for ICT to be recognised as a driver of innovation in our society, relevant across all sectors, and to promote the formulation of effective policies on ICT and related matters
Visit: www.acs.org.au for more information.
About ACS Remuneration Survey Report
The Australian Computer Society Remuneration Survey Report has been compiled annually since 1993 by the Association of Professional Engineers, Scientists and Managers, Australia. The 2012 report provides a detailed analysis of the remuneration of nearly 2,000 ICT professionals working in Australia. Factors used for analysis include professional experience, industry, geographic location, responsibility level, job function and qualification.