Wall St tech workers expect higher bonuses -survey

* 42 pct say pay is No. 1 reason to work on Wall Street

* Tech job postings rising, workers have leverage -survey

NEW YORK, Nov 8 (BestGrowthStock) – Wall Street firms that want to
keep their computer systems running smoothly may have to pay up
this bonus season.

Technology professionals consider pay more important than
their non-tech Wall Street colleagues, according to a new
survey by eFinancialCareers.com.

The survey found that 42 percent of tech professionals
consider compensation the No. 1 reason to work in the financial
services industry, compared with 37 percent of other Wall
Street professionals who said so.

More than half said compensation was important, but not
paramount, and 3 percent said money was not an important reason
to work in the industry.

Tech workers may be in a strong position to negotiate a
higher bonus.

The technology unemployment rate, at 4.8 percent, is half
the overall U.S. jobless rate and is down from more than 6
percent earlier this year.

Demand for skilled workers is rising. The number of
technology job postings on efinancialCareers, a unit of Dice
Holdings Inc. (DHX.N: ), is up 54 percent from a year ago.

“The probability of unrest in the tech department is high
should bonuses fall short,” said Constance Melrose, managing
director of eFinancialCareers North America.

Forty percent of tech workers expect a higher bonus, versus
25 percent who think their bonuses will get cut.

A separate survey last month found half of U.S. financial
professionals expect a higher bonus this year and some of
those expect a bonus that is at least 50 percent higher.
[ID:nN11104054]

Staff in Asian markets like Hong Kong and Singapore, as
well as in Britain, had higher bonus expectations than their
peers in the United States.
(Reporting by Nick Zieminski. Editing by Robert MacMillan)

Wall St tech workers expect higher bonuses -survey