Pasadena, CA -- (SBWire) -- 01/21/2011 -- A report from Dice has revealed that most IT companies have held back giving raises for their employees in the last two years.

Dice, a technology job board, conducted an online poll of almost 20,000 employed IT workers across the country. The results showed that the average compensation went up by only 0.7% in 2010, from $78,845 to $79,385. The survey also showed that only 29% received a bonus in 2010.

Salaries for entry-level IT professionals went down by 6% compared to 2008 levels. The survey overall reveals that IT professionals are not very satisfied with the way things are going on in their firms. This is because 40% of the respondents said that they were ready to quit for a higher salary.

Silicon Valley emerged as the area with the highest average salary of $99,028. The Baltimore/Washington DC area was next with an average salary of $89,149. The high earners were most often found working in big companies or having highly specialized skills. The high earners by skills were the Oracle database experts and Java programmers, earning on average over $90,000.

InformationTechnologyCrossing, a job aggregator website for people in the IT industry, has seen a huge increase in the number of IT job postings. The site has been able to gather over 44,000 job postings in the last seven days.