Tech Professionals See Little Salary Improvement

January 19, 2011 (PLANSPONSOR.com) - Technology professionals endured a second straight year of nearly flat salaries, according to the 2011-2010 Annual Salary Survey from Dice.

Tech workers, on average, garnered salary increases of about one percent (0.7%) to $79,384 from $78,845 in 2009, after receiving a similar increase the previous year.  However, nearly half of those surveyed (49%) received a salary increase in 2010 compared to just 36% who saw raises in the previous year.    

According to a press release, more technology professionals received bonuses: 29% compared with 24% of respondents in 2009.     

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Tech professionals expressed slightly more satisfaction over pay than last year, with 50% “somewhat” or “very satisfied,” an increase from 46% of respondents who felt that way last year.  Still, nearly four out of ten technology professionals anticipate they could make more money if they change employers in 2011, the announcement said.    

Those professionals (24%) who felt switching employers would not increase their pay, on average, earned nearly $13,000 more than those who anticipate finding higher salaries elsewhere.  

The survey indicates wages have been reset lower for technology professionals who are entering the field.  For the second straight year, the average salaries of technology professionals with less than two years experience have declined, and are 6% below their peak average wages in 2008.  

Technology professionals on average earned $88,075 working for companies in excess of 5,000 employees, while the smallest companies (50 or fewer employees) paid on average $69,658 to their technology workers.  As for skills, those with annual wages of $100,000 or more were technology professionals with experience in Advanced Business Application Programming ($105,887), Informatica ($101,898), Extract Transform and Load ($100,983) and Service Oriented Architecture ($101,827).    

The Dice Salary Survey was administered online with 19,798 employed technology professionals from the Dice community responding between August 31 and November 15, 2010.

AdvisorShares Lowers Expense Cap on GTAA ETF

January 19, 2011 (PLANSPONSOR.com) - AdvisorShares, a sponsor of actively managed Exchange Traded Funds (ETFs), announced it is lowering the expense cap on the AdvisorShares Cambria Global Tactical ETF (NYSE:GTAA).

The expense cap will be lowered from 1.35% to 0.99%, effective February 1, 2011. Total Annual Fund Operating Expenses are 1.32%. The Advisor has contractually agreed to keep net expenses from exceeding 0.99% until September 12, 2011.  

“AdvisorShares and Cambria made a commitment to lower ETF fees as assets grew and operational efficiencies were achieved,” said Noah Hamman, CEO and Founder of AdvisorShares, in the announcement. “In the three months since GTAA launched it has been one of the fastest growing actively managed ETFs, and it has attracted over $72,000,000 in assets as investors have quickly embraced the GTAA investment strategy.”  

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More about the ETF is at http://gtaa.advisorshares.com.

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