2016 IT Salary Survey Released
Janco has just released its 2016 IT Salary Survey. The major finding of the survey are:
- In 2015 the IT job market grew by 125,700 versus 129,400 in 2014 and 74,900 and 62,500 in 2013 and 2012 respectively according to the Bureau of Labor Statistics (BLS).
- Technology centers like San Francisco (Bay Area), Chicago, Atlanta, District of Columbia, New York and Washington State continue to lead the way in new IT job creation.
- IT compensation for all IT Professionals has increased by 1.39% in the last 12 months.
- Between January 2015 and January 2016 the total mean compensation for all IT Professionals has increased from $81,583 to $82,483.
- In large enterprises, the median compensation has risen 1.48% from $83,872 to $85,110.
- In mid-sized enterprises, the mean total compensation for all positions has increased by 1.29%% from $78,838 to $79,856.
- In general, staff level IT position have not seen much pay fluctuation over the past eight years.
- CIOs compensation across all organizations has shown another increase. The mean compensation for CIOs in large enterprises is now $189,672 (up 2.33%) and $174,124 (up 1.21%) in mid-sized enterprises.
- Media CIO tenure has remains at 4 years and 4 months.
- 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.
- IT executive salaries have recovered all of the losses sustained in the recession and in some cases exceeded prior highs.
- On shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs.
- A number of enterprises are moving help desks and data center operations in-house which has resulted in an increase demand for data center managers.
- 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.