2017 IT Salary Survey
IT compensation and new hiring are up according to the latest IT Salary Survey by Janco and eJobDescription.com
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.
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 July 2016.
- In 2015 the IT job market grew by 112,000 versus 129,400 in 2014 and 74,900 and 21,800 in 2013 and 2012 respectively according to the Bureau of Labor Statistics (BLS).
- IT compensation for all IT Professionals has increased by 0.64% in the last 12 months.
- Between July 2015 and July 2016 the total mean compensation for all IT Professionals has increased from $82,246 to $82,775.
- In large enterprises, the median compensation has risen 0.65% from $84,933 to $85,486.
- In mid-sized enterprises, the mean total compensation for all positions has increased by 0.48% from $79,560 to $80,064.
- IT executive compensation across all organizations has shown another increase. The mean compensation for IT executives in large enterprises is now $147,260 (up 1.44%) and $131,384 (up 1.50%) in mid-sized enterprises.
- Media CIO tenure has remains at 4 years and 4 months.
- The median compensation of Information Technology executives within Mid-sized enterprises recovered and exceeded 2008 levels for all of the executive management positions in SMBs. The big winners have been the Director IT Planning (15.85%) and the VP Consulting Services (10.72%).
- Mean salaries in larger enterprises have now gotten back to where they were before the start of the recession except for four of the executive positions monitored: VP Administration (down 2.25%), VP Consulting (down 9%), and Director Production (down 0.75%). The big winners were the VP Security (up 14.56%) VP Information Services (up 11.27%) and VP Technical Services (up 10.7%).
- Positions in highest demand are all associated with security, training, large data center management, distributed/mobile system project management, quality control, BYOD implementation, capacity planning and service level improvement.
- Over the long term IT executives have fared better in large companies than mid-sized companies.
- On shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs.
- 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.
The Janco Associates, Inc. salary survey draws on data collected throughout the year by extensive interviews, Internet-based survey data, and survey forms completed by businesses throughout the United States and Canada.
The compensation study (over 160 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.
IT Median Salaries 2016 vs. 2017
IT Positions in Demand
Hiring is slowing in the IT sector. In addition, CIO are looking to reduce the overall salary and outside services expenses as they cut down on 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