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.