Due to increasing demand and improved economic conditions Janco has found in its IT Salary Survey that IT Pros are being paid more
Park City UT - IT Salary Survey shows that IT salaries move up - IT Salary Survey that was just released, Inc. shows that compensation for IT Pros has improved significantly for the first time in over 6 years. Janco found:
- In 2014 the IT job market grew by 112,800 versus 74,900 and 62,500 in 2013 and 2012 respectively according to the Bureau of Labor Statistics (BLS).
- IT compensation for all IT Professionals has increased by 2.81% in the last 12 months.
- Between January 2014 and January 2015 the total mean compensation for all IT Professionals has increased from $79,352 to $81,583. This puts overall compensation back at the levels they were at in January 2008 and 2007.
- In mid-sized enterprises, the mean total compensation for all positions has increased by 3.23% from $76,198 to $78,656.
- In large enterprises, the median compensation has risen from $83,197 to $84,550.
- CIOs compensation has moved up (2.28%) in larger companies and slightly less (2.15%) in smaller and mid-sized companies in the past 12 months. The mean compensation for CIOs in large enterprises is now $185,359 and $175,205 in mid-sized enterprises.
- Median CIO tenure has increased from 4 years and 3 months to 4 years and 4 months. In companies of all sizes fewer CIOs have changed jobs in the last 12 months than in prior years.
- Positions in highest demand are all associated with the quality control, BYOD implementation, capacity planning and service level improvement.
- Over the long term IT executives have fared better in mid-sized companies than large companies.
- In mid-sized companies IT executive salaries have recovered all of the losses sustained in the recession and in some cases exceeded prior highs.
- In large companies IT executive salaries are where they were in 2008.
- Cost control is still the rule of the day; however we have seen an increase in the number of "part-timers" and contractors who are focused on particular critical projects.
- On shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs.
- A number of enterprises are moving help desks and data center operations in-house which has resulted in an increase demand for data center managers.
- Mandated requirements for records management systems and electronic medical records have increased the demand for quality control staff and custodians (librarians) of mechanized records.
- Companies are continuing to refine the benefits provided to full time IT professionals. Though benefits such as health care are available to 80%, IT professionals are now paying a greater portion of that cost.
Latest Median IT Salaries
For the latest data go to the current IT Salary Survey