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IT Salary Survey: Janco Associates, Inc.

DM Review IT Salary Survey: Janco Associates, Inc. - The results of the June 2003 IT Salary Survey and  1996 to 2003 Comparative IT Salary Survey have been release by Victor Janulaitis, CEO of Janco Associates.

 There is good news; the deflationary spiral of IT compensation which has lasted for four quarters seems to be over. Since the end of the Gulf War, salaries have stopped falling and “some” enterprises are planning on new hiring. Janulaitis said, “For new hires enterprises are opting for senior experienced staff. This is resulting in increased demand for professionals with more than five years experience. "

 Study findings are:

  • The mean salary for all positions surveyed in large enterprises has moved up to $80,030 in the second quarter of 2003 from $78,687 in the last quarter of 2002. At the same time in mid sized enterprises the median compensation has moved up to $75,769 from $72,619.
  • For comparable positions, the median compensation of CIOs is now at stabilized at 1998.
  • Some of the organizations that had eliminated training, planning and infrastructure positions, such as change control, are beginning the process of “limited” restaffing in those areas.
  • Voice/wireless communication and security positions have been upgraded within many enterprises. Where these positions were lower- to mid-level positions before 2000, in 2003 and beyond these positions are now mid-level to senior-level position.
  • Demand is high for in the Internet and network areas of e- commerce, voice/wireless communication, object programming, data security and data warehousing as enterprises try to prepare for the next wave of the new wireless technology.
  • Individuals who had planned on retiring in 2003 and 2004 and have seen their retirement portfolio's shrink in the last two years are deferring retirement. In interviews, Janco found a significant number of these individuals have focused on staying employed versus looking for increases in compensation.

Selected Positions Compensation Analysis

At the same time, there has continued to be an increase in the benchmark for selected high demand positions within the IT functions. Figure 1 shows some results.

Size

Title

Prior Total Mean

Current Total Mean

% change

Jan 2003 Benchmark

Current Benchmark

% change

Medium
Manager - Internet Systems
$82,500
$96,628
17.13%
$94,875
$149,259
36.44%
Medium
e-Commerce Specialist
$66,571
$76,883
15.49%
$80,786
$119,388
32.33%
Large
Webmaster
$68,057
$73,299
7.70%
$107,054
$137,122
21.93%
Medium
Webmaster
$62,641
$66,307
5.85%
$110,471
$135,241
18.32%
Medium
Data Communications Manager
$58,761
$68,080
15.86%
$71,583
$87,262
17.97%
Large
Database Manager
$93,047
$94,639
1.71%
$147,123
$167,310
12.07%
Large
Project Manager - Distributed Systems
$107,025
$115,695
8.10%
$133,371
$151,302
11.85%
Medium
Manager - Voice and Data Communications
$90,457
$90,892
0.48%
$117,904
$131,930
10.63%
Medium
Object Visual Programmer
$58,615
$62,614
6.82%
$66,165
$73,997
10.58%
Medium
Average All Positions
$72,619
$75,769
4.34%
$ 108,069
$ 111,933
3.58%
Large
Average All Positions
$78,687
$80,030
1.71%
$ 108,942
$ 109,975
0.95%

Figure 1: Benchmark Comparisons

Total Mean - The “mean” of total compensation - bonuses and fringe benefits.
Prior Benchmark - Benchmark published in our prior study
Current Benchmark - The total compensation required to obtain / retain top performers

Benchmark Total Compensation

The total benchmark compensation for CIO and other top-level positions has continued its downward trend (see Figure 2). However the data shows that this trend is starting to reverse itself.

The total benchmark compensation for CIO and other top-level positions has continued its downward trend (see Figure 2). However the data shows that this trend is starting to reverse itself.

CIO Salary Trend
Figure 2: Compensation Benchmarks

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