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Results published in April 2015 from Computerworld’s 29th annual IT Salary Survey, revealed that after several years there are signs of compensation increases for IT professionals.

The survey was conducted through December 18, 2014 and included over 4,500 IT professionals based in the United States.  In 2015, the average total compensation for IT professionals increased by 3.6%.  The survey revealed that the average in the three preceding years was only 2%.

A major reason for the rise in salaries is the increasingly competitive nature of the hiring market.  Managers are finding it harder and harder to fill empty positions, especially for those that are looked at as high demand.  For example, application development remains the most in-demand skill and a hard one to find in applicants.

Raises were also more prevalent than in past years.  Sixty-seven percent of the respondents reported receiving salary increases in 2015, but only 60% reported the same thing in 2014.  The most common bonus types came in the form of annual bonuses, performance-based bonuses and profit-sharing bonuses.

Money is a huge motivator in all sectors and IT isn’t any different.  The survey also showed that 60% of the respondents were highly motivated by higher compensation.  This was true even for IT professionals who were not actively seeking a new job.  A salary increase for this group would instigate a change in jobs.

Even though salaries and bonuses are on the incline, only half of the respondents reported that they were satisfied or very satisfied with their total compensation.  One quarter of them said they were dissatisfied or very dissatisfied.