Mid-Year 2018 IT Salary Survey by company size and metro area
IT compensation and hiring slows according to the latest IT Salary Survey by Janco and eJobDescription.com
Mean Compensation for all IT Pros is up by 4.35% in year to year comparison - Middle Managers in mid-sized companies fared the best
Mid-year 2018 IT Salary Survey by company size and metro area. Janco and eJobDescription.com has conducted salary surveys of the IT Job market since 1989. The data from this survey has been published in the Computer Industry Almanac, the Wall Street Journal, the New York Times, eWeek, and many other business and industry publications. In addition over the years it has been featured on CNN, the Wall Street Journal, and several national and international media outlets.
IT Salaries are on the rise. As the general economy improves more companies are investing in information technology. The emphasis over the past several years is in both e-commerce and mobile computing. At the same time with the ever-increasing cyber attacks and data breaches, CIO are looking to harden their sites and lock down data access so that they can protect all of their electronic assets.
Added to that in an ever-increasing array of mandated requirements from the EU with GPDR and US federal and state requirements to protect individual users' privacy. All of these factors increase demand for experienced IT Pros and salaries they are paid.
The salary survey is updated twice a year; once in January and then again in July. Janco and eJobDescription.com not only look at base salaries, they also report on total compensation. How survey is conducted is described here.
You can get a free copy of the full survey if you provide 10 valid data points and use a corporate e-mail address. Free e-mail accounts like gmail or yahoo do not qualify as we have no way to verify the accuracy of the data provided.
Salary Survey Summary
Are you paying too much or too little to your IT staff? Do you have IT job descriptions? Are you earning what you're worth? Whether employer or employee, it is important to know what other companies are paying in total compensation for a similar position in your area. Learn how your company compares in the area of compensation. Data is as of June 2018.
- In the last 12 months compensation for IT executives have fared better in mid-sized companies than large companies.
- Executive IT compensation across all organizations has increased. The mean compensation for CIOs in large enterprises is currently $161,391 (up 3.15%) and $141,072 (up 4.07%) in mid-sized enterprises.
- The greatest increases have been at the staff levels in large companies with an increase of 4.97% - most of which can be attributed to increased demand for scarce resources.
- In the last two quarters of 2017, staff level positions in IT organizations of SMB's had the greatest demand for new hires. Companies were gearing up their internal US-based IT organizations pushing IT salaries up by 4.97% (from $72,403 in 2017 to $76,003 in 2018).
- IT compensation for all IT Professionals increased by 4.35%.
- Median CIO tenure has risen by a month to 4 years and 7 months as fewer CIOs moved on to new positions. In addition, retirements of baby boomers seem to continue at the same rate as the prior year.
- Large organizations are planning to beef up their middle management as those enterprises focus on Big Data, Blockchain and Smartphone and tablet connectivity. In addition, many CIO in larger enterprise are now getting closer to retirement. Succession planning and promotion of Millennials into that role is becoming a priority.
- Positions in highest demand are associated with e-commerce, application development security, big data, distributed/mobile system project management, and quality control.
- Onshore outsourcing and H-1B visa jobs have peaked. The America first campaign has resulted in more infrastructure functions being moved in-house.
The compensation study (over 84 pages in PDF or WORD and EXCEL with the data) can be ordered here.
If you do not want to purchase the full salary study, you can get just the data for a particular city for a fraction of the cost of the full study.
Mid Year IT Median Salaries 2017 vs. 2018
IT Positions in Demand
Hiring prospects are looking good for IT Professionals. Many enterprises are looking expand the size of the IT function as the economy continues to recover and application development increases along with the use of contractors and consultants.
Based on Janco's interviews and survey data the following positions are in high demand.
Fringe Benefits for IT Professionals
Companies have started to adjust the fringe benefits provided to IT Professionals. A full historical comparison of trends in benefits is included with the full version of the Janco IT Salary Survey.
Fringe Benefit Historical Trends
Top Paid CIOs
The top compensation for highest paid CIO is over $13 million and that is for Tim Theriault at Walgreen's. From public data we have found that there at least 25 CIOs who's compensation 1.9 million and above.
The average total compensation for the top 36 highest paid CIO for the year ending 12/31/2015 was $3,600,000 with a base salary average of $510,417. The balance of compensation came from bonus, stock, options, and pension programs.
IT Job Market Size
The IT job market now includes 3.4 million individuals. These are all high salary positions and critical to US economy.