Recovery Does Not Help IT - Demand and Pay Flat
Park City, UT - Janco Associates (www.e-janco.com) today announced results of its 2005 IT Salary Survey and its 1996 to 2005 Comparative IT Salary Survey. At the same time Janco announced the release of its new IT Resource Hiring Kit (https://www.e-janco.com/ithirepack.htm).
Janco’s January 2005 Compensation Survey data, for the US and Canadian metropolitan areas, showed there was a small decrease in over all compensation and demand for IT professionals. On the positive side, there was an increase in compensation for CIOs due to year-end bonuses. Mr. Janulaitis (CEO of Janco) said, “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. ” In addition, he said “The increase in bonuses for CIOs is a leading indicator of an improved situation for long term demand and pay for all IT professionals.
Survey findings include:
- The mean total compensation for all positions surveyed has edged down slightly (-0.75%) for the last six months. In mid-sized enterprises the mean total compensation has edged down to $75,406 from $76,259 in the last quarter of 2004. At the same time in large enterprises the median compensation has also declined slightly from $80,605 in June 2004 to $80,276 (-0.41%) in January 2005.
- As a result of year end bonuses, the mean total compensation for Chief Information Officers (CIOs) in large enterprises increased by 4.16% from $162,827 to $169,601 and in mid-sized enterprises by 1.35% from $169,498 to $171,791.
- The trend to outsource continues and some enterprises continue to reduce costs by eliminating IT infrastructure positions such as training and planning.