Salary scenario rosier for CIOs
A new 2005 Compensation Survey reports an increase for CIOs due to year-end bonuses, though it reports a small decrease overall in compensation and demand for IT professionals. According to Victor Janulaitis, CEO of Janco, "The return of year end bonuses is a positive sign. It has been several years since we have seen a significant number of our participating enterprises providing as many bonuses as they have this year. " He added that, "the increase in bonuses for CIOs is a leading indicator of an improved situation for long term demand and pay for all IT professionals. " Janco, based in Park City, Utah, also concludes that the outsourcing of IT jobs continues to have a negative effect on the U.S. and Canadian job markets, the two regions covered in the study.
Janco found that the mean total compensation for CIOs in midsize companies grew by 1.35 percent, from $169,498 to $171,791. In large companies, CIOs had even more to celebrate, as the mean compensation for those workers increased by 4.16 percent, from $162,827 to $169,601.