IT Salary Survey Methodology

    

The IT Salary survey is based on the Janco Associates, Inc. IT Professionals compensation database, and compensation benchmark ranges are established for each normalized job position.  In analyzing the study data, the upper and lower quartiles are eliminated to determine  Benchmark Ranges. The benchmark ranges are then used to assess the alignment of a company's actual compensation to the marketplace for each job function. The results can be assessed using the following guidelines. 

Below Benchmark Range - Highly impacted by forces of the marketplace

Within Benchmark Range - Subject to the normal forces of the marketplace for similar job functions and responsibilities. 

Above Benchmark Range - Not subject to the forces of the marketplace

The Benchmark represents our assessment of the compensation level required for organizations to remain competitive and minimize the risk of losing employees to other organizations. 

Reviews were conducted from the standpoint of a comparison o base salary and, when appropriate, from the additional standpoint of total compensation.  Total compensation is determined by adding the budgetary bonus amounts and an equivalent cash value for above-standard compensation to an individual's base salary. 

The compensation Study data was divided into two categories.  Large companies are companies whose gross revenues are equal to or greater than $500MM.  Mid-sized companies are companies whose gross revenues are less than $500MM.

    

Janco IT Salary New

Project Managers are a Bright Spot in the IT Job Market

Janco released its 2009 Mid Year IT Salary Survey which shows that overall pay has declined for IT Professionals in the past 18 months. Janco also found that demand is down for IT Professionals.  Project Managers are one of the few bright spots in the market, especially in large enterprises.

The one Project Manager type that has been impacted the most by the economy is Network Technical Services. That is the area where many enterprises (Mid-sized Enterprises in particular) have made cuts. 

Currently the Mid-Atlantic market is toughest place to find a job.

IT Executive Salary Medians Fall

Janco Associates is just completing its 2009 Mid Year Salary Survey and found that the median salaries paid to IT Executives in large enterprises (over 500 million in sales or with more than 100 IT professionals) has fallen in the last 18 months.

The CEO of Janco, Victor Janulaitis said, "Over the last six quarters there has been a noticeable reduction in costs associated with senior level IT professionals in large enterprise.  In New York alone there are over 200 IT executives  that had earned well into the six figures that are now looking for work."

The 2009 Mid Year IT Salary Survey will be released at the end of June and more information can be gotten at Janco's websites.

Staffing Needs to Address New Application Approaches

CIO's need to adjust staffing requirements to address the needs of 2010 versus 1990.  Application achitecture has and is continuing to change.

Job content is changing as well as knowledge requirements.

How to Tell if the CIO's Job is at Risk

What are the signs that the CIOs job is at risk. Unfortunately, many CIOs have a hard time recognizing their own shortcomings.   CIOs and IT managers should watch for these signs that could indicate that co-workers have a problem with them:

• Meetings happen without the CIO or IT manager being involved or informed.
• The CIO’s or IT Manager’s feedback and input are not sought or are ignored.
• CIO or IT manager are not included in strategic planning.
• The IT department suffers from high turnover, and the CIO or IT manager have a particularly hard time keeping top-tier talent.
• People work around the CIO or IT manager.
• The business-side peers seek out others in IT to handle their problems, while IT staffers seek out other IT leaders or even go over your head.
• The CIO or IT manager don't hear bad news directly from those who should be delivering it. (It could indicate that they are not good at taking criticism or handling problems.)