Wednesday, November 21, 2007

Lowest paid industry in Asia

Asia dominates rankings of lowest IT payers -

Six of the world's 10 highest-paying countries for IT managers are in Western Europe. Whilst Switzerland pays the highest salaries followed by Denmark, Belgium and the UK, the United States and Canada are ranked 6 and 8, respectively. IT professionals in Hong Kong and Australia are the only two APAC markets to make it on the list of top 10 best paid globally with the ranking of 9 and 10 respectively. This was according to a survey by Mercer, which revealed that IT managers in Vietnam, Bulgaria and the Philippines received the lowest pay, respectively, at $15,470, $22,240 and $22,280 a year. Indian IT managers were fourth from the bottom, earning an average of $25,000. Commenting on the results, Neo Siew Khim, Mercer Asia Pacific Business Leader, Information Product Solutions said that the lowest paid IT employees in 2007 tend to be those in Asian markets.
The survey found that IT staff at all levels, were paid the most in Switzerland, where the IT Manager job paid an average of $140,960 annually. The same job level in Denmark (the second-highest-paying country) paid $123,080, while Belgium (3) paid an average of $121,170. The UK and Ireland were ranked 4 and 5, with an average pay of $118,190 and $108,230, respectively. In the United States, the average IT manager earned $107,500 a year compared with Canada (8) at $93,840.
According to David Van De Voort, IT workforce specialist in Mercer's Chicago office, "The impact of outsourcing and off-shoring on IT roles in North America and Western Europe helps explain the pattern of global pay. Lower-level roles are being moved to regions where talent is cheaper; the jobs that remain in Western Europe and the US may be fewer in number, but are more demanding and complex roles like vendor relationship manager, internal consultant and IT business partner."