2013 IT Salary Survey Released -10 major findings
Janco has just released its 2013 IT Salary Survey and had ten (10) major findings. You can get more information at https://www.e-janco.com/salary.htm.
- IT compensation has increased by 1.98% in the last 12 months.
- CIOs compensation has increased in the past 12 months – the mean base compensation is higher and bonuses are about the same as received in the prior year. The mean compensation for CIOs in large enterprises is now $182,210 (an increase of 6.04%) and $165,820 (an increase of 1.6%) in mid-sized enterprises.
- Positions in highest demand are all associated with the quality control, records management, data center operations management.
- Over the long term IT executives have fared better in mid-sized companies than large companies.
- In 2012 the IT job market grew by 62,500 jobs according to the Bureau of Labor Statistics (BLS) – not enough to employee the number of IT graduates from US universities or to increase demand.
- Lay-offs seem to have tapered off, however some companies continue to cut the size of the IT organizations.
- Cost control is still the rule of the day; however we have seen an increase in the number of “part-timers” and contractors who are focused on particular critical projects.
- 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 IT professionals. Though benefits such as health care are available to 82%, IT professionals are now paying a greater portion of that cost.