According to a study recently completed by Greythorn Group of Sydney,Australia, wages for IT professionals have increased by 11.54% within the past 12 months. Two drivers of this surge are the thawing of IT budget initiatives worldwide coupled with the beginning of the first wave of retiring “Baby Boomers”.
IT initiatives that were shelved starting in 2002/2003 are now being dusted off due either because the current technology is growing a little long in the tooth and/or competitive forces are requiring upgades in both infrastructure and applications.
Of greater concern to the industry is the loss of highly experienced professionals that are now begining to implement their retirement plans. Further compounding the issue is the falling technology major enrollments in colleges and universities worldwide.
Greythorn has made available a wealth of information on global IT wages broken down by practice area, including graphs on the competitive position from one country to another.

A few highlights include wages for:
Project managers in Melbourne can expect to earn around $126,000, compared to $121,000 in Hong Kong, $115,000 in Singapore, $87,000 in the US and $153,000 in the UK.
Business analyst in Canberra can earn $95,000 compared to $115,000 in Hong Kong, $99,000 in Singapore, $84,000 in the US and $92,000 in the UK.
.Net developers in Brisbane could expect to earn $91,000, compared to $119,000 in Singapore, $117,000 in the UK and just $64,000 in the US.
Additional data can be reviewed at the Greythorn salary survey website.