2020 IT Salary Survey (Mid-Year) by company size and metro area
Salaries are flat and and hiring new employees is non-existent
IT compensation and hiring accelerates according to the latest IT Salary Survey by Janco and eJobDescription.com
In January Mean Compensation for all IT Pros was up 4.9% - After the shutdowns salaries were flat only rising 0.21% in the first half of the year
2020 Mid Year IT Salary Survey by company size and metro area. Janco and eJobDescription.com has conducted salary surveys of the IT Job market over 30 years. 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 television and multi-media outlets.
IT Salaries were on the rise. More companies were 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.
Top Paying IT Positions
Large enterprises tend to compensate IT Professionals more than SMBs. The top 10 paying jobs are shown in the chart below.
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 2020.
- 116,000 IT professionals were laid-off or terminated in April and May due to the Covid-19 shut-down
- In June, the loss of IT jobs was halted
- Hiring is expected to resume in the late 3rd quarter of this year – Salaries are expected to increase at that point
- Between January 2020 and June, the total mean compensation for all IT Professionals increased from $94,535 to $94,729 or 0.21%.
- Most of the increases were at the executive management levels
- Hiring has all but stopped for all IT positions.
- Consultants who augment IT Staff have all but been eliminated
- Demand has remained highest for IT professionals who support Work From Home (WFH) and e-commerce
- KPI metrics are the focus of C-Level management to understand and manage WFH employees.
The compensation study (over 190 pages) in PDF and EXCEL with the data) can be ordered below.
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 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.
With increased Covid-19 infections reported and election, many enterprisesare unsure of the overall impact of the elections will be. In the short term untill the US market re-open hiring has been put on hold by most organizations
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 3.5 million individuals. These are all high salary positions and critical to US economy.
Updated with Latest Data - Includes second wave Covid-19 shutdown
Historic IT Job Market Size
Data complied by Janco Associates is as of October 2020