IT wages around the world increased an average of $5,000 in 2019, as the industry employees are learning new technology skills and performing better, a study by Global Knowledge has found.
“Global IT compensation is the highest it’s ever been,” said the report, confirming that the reskilling and upskilling programs are paying off.
Those who saw their salary increase last year include professionals working on cloud computing, IT architecture and design, and cybersecurity.
As usually, US employees earned more last year than their counterparts elsewhere in the world. Specifically, IT professionals in Latin America received US$41,465 in annual salary, while their North American colleagues were paid an average of US$109,985, according to the report.
EMEA has the second-highest average salary ($70,445), followed by the Asia-Pacific region ($65,738).
IT professionals in Latin America are the most cost-effective compared to their peers elsewhere, but they were the ones who experienced the highest pay raise last year. “The highest salary increase was amongst Latin American IT professionals, who experienced an average raise of 6.5%,” the report added.
Some of those who joined a new company saw their salary increase by more than 25%, an indication of the growing demand for IT talent.
In North America, IT professionals with system integrators and value-added resellers (VAR) earn the most. In Latin America, most of those getting bigger paychecks are working on government-run technology projects.