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Survey: IT Salaries Heading South

Park City, Utah -- For the first time in 17 years, the salaries for senior Information Technology executives have decreased overall, according to Janco Associates.

The Utah-based management consulting and research firm said its January 2002 Salary Survey found that the economic downturn has affected compensation at all position levels in technology.

"As the economy worsens, mid-sized organizations are affected more and thus are cutting costs and staff faster," said Janco chief executive M. Victor Janulaitis. "Many larger organizations have put hiring freezes into effect as well as stretching out the time period between normal compensation increases. In the past six months there has been a significant 'thinning' of the layers within many IT organizations. "

The one bright spot on the horizon, Janulaitis said, is that overall productivity is up in IT organizations and demand is high for Disaster Recovery and Security job titles.

For more information on the survey, go to www.e-janco.com.

-- Electronic Accountant Newswire staff

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