http://management.silicon.com/career...9167647,00.htm
Resignations are on the increase in the UK tech sector as bonus payments fall and pay rises drop below the national average.
The 2007 National Management Salary Survey by the Chartered Management Institute (CMI) and Remuneration Economics shows an average salary increase of 5.3 per cent across all industry sectors - down from 5.7 per cent in 2006.
Those working in the IT sector fared particularly badly, coming second bottom of the pay-rise league table with an average earnings increase of just 3.1 per cent. Only the transport and logistics sector came in lower with an average of 2.6 per cent. The survey covers 42,205 employees from trainee level to senior management.
Bonuses are also down in the IT industry. Across the sector 34.7 per cent of executives were awarded bonuses, down from 59.5 per cent in 2006. The average bonus payment in the IT industry was £5,189.
Oh Dear!
