As a result of technological progress in Pakistan, the IT and IT Enable Services sector is seeing a positive uptick in the average salaries of employees currently being disbursed in the IT industry, according to the 2017 IT Salary Survey report by Pakistan Software Houses Association for IT and ITES (P@SHA).
According to the survey report, the IT & ITES sector is currently providing employment opportunities to 120,000 people directly while another 50,000 are employed indirectly through the sector. The sector has witnessed double digit growth in the recent past and is now considered as a leading sector for economic growth by the government, according to President of P@SHA Jehan Ara.
Recently the technology sector got a big boost in the budget 2017-18 where technology startups in the sector were given a waiver from tax for first three years of inception. The government wants to promote the use of technology in Pakistan so that technology businesses can grow just like they have been growing in other countries of the world.
Jehan Ara said, “It is imperative for us to document our industry, allowing us to study trends and devise the best strategies for growth. The P@SHA IT Salary Survey is a step towards this goal, which helps identify industry benchmarks for payroll; an expense which accounts for more than 50% of our business costs.”
Salaries of people in all the job functions have increased by 16% on average, as compared to the figures from 2016. CEOs are the highest paid employees of the company with an average salary of Rs. 520,650, an increase of 7.46% from the previous year. Entry Level Game Designer salary increased by 38%, the highest increase in salary across all job roles.
Increased income is a major source of motivation for employees and people working in the IT sector will end up being more productive in the coming year. Another reason that could result in increased salaries for IT people is that there is currently scarcity of good IT human resource. Companies don’t want to end up losing their best employees to competitors. Thus, in order to retain employees in the IT sector, their salaries are increased so that they remain motivated and don’t look out for other jobs in the industry.