Mid Year 2017 IT Salary Survey
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 5.43% in June to June comparison - Middle Managers in mid-sized companies will fare the best
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 June 2017.
- Over the long term compensation for IT executives have fared better in large companies than mid-sized companies.
- The greatest increases have been at the middle manager levels in mid-sized companies with an increase of 6.65% - most of which can be attributed to performance bonuses and the hiring of significantly more qualified individuals earlier.
- In the first two quarters of 2017, middle management 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 6.65% (from $80,792 June 2016 to $83,964 in June 2017).
- IT compensation for all IT Professionals increased by 5.32%.
- The 2017 IT job market started with a bang. That has slowed. We predict that the IT job market will grow at about the same amount as it did in 2016 when 71,500 new IT jobs were added. IT salary growth will be almost nil for the remainder of the year.
- Median CIO tenure has risen by a month to 4 years and 6 months as fewer CIOs moved on to new positions. In addition, retirements of baby boomers seem to have peaked last year.
- Positions in highest demand are associated with security, training, large data center management, big data, distributed/mobile system project management, quality control, BYOD implementation, capacity planning and service level improvement.
- On shore 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 98 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 Mid Year 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
The IT job market now includes 3.4 million individuals. These are all high salary positions and critical to US economy.