Copper

ICT industry not dealing with The Great Resignation but rather, The Great Retirement

Overall compensation for ICT professionals was down this past year, in no small part because the most-experienced workers are leaving the workforce. Three factors that depressed compensation in 2021: 1) inflation was considered transitory until late 2021 and did not show up in last year’s paychecks; 2) overtime and bonus pay reduced sharply from 2020; and 3) more-experienced and higher-paid workers left the workforce, driving down the mean compensation among the workforce as a whole. On the bright side, women represented 9% of participants, which is the highest percentage in the survey’s four years and up from 4% a year ago.

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Categories: Copper, Fiber, Market Research

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