Western nations win in IT remuneration strategy
Information technology (IT) managers in Western Europe are among some of the highest paid in their field. According to a recent survey by Mercer, a global consulting service, six of the world’s 10 highest-paying countries for IT managers are in Western Europe, with Switzerland topping the list at an average annual pay of £74,150. Second and third were Denmark and Belgium paying £64,750 and £63,760, respectively. The UK and Ireland are ranked fourth and fifth, with an average pay of £62,180 and £56,950, respectively.
At the other end of the scale, IT managers in Vietnam, Bulgaria and the Philippines were the lowest in the remuneration stakes. An IT manager in Vietnam only receives an average income of £8,140.
Mr David Conroy, a principal in Mercer’s London office, said: “In these [West European] countries, companies are generally more creative in attracting staff. They are more imaginative in their remuneration strategies to ensure they keep the best talent. Employers understand local markets and look to developing successful staff attraction and retention strategies to remain competitive.”
The survey highlighted the relationship between experience/skill level and pay variations in different countries. There are still large pay gaps between junior and senior career streams in countries such as Indonesia, India, Brazil, Chile and Vietnam. In the US and many western European countries, pay increases more proportionately with experience.
