Info Tech Executive Salaries have recovered from 2008 downturn
Info Tech Executives Salaries for most IT executives have recovered from the downturn of 2008. If you a CSO in a large enterprise then you have seen your salary rebound by 14.56%. This has been drawn for the Info Tech Executive Salaries data base that is maintained by Janco Associates.
More data is available in the full 2016 Mid-Year IT Salary Survey that is published by Janco Associates.
Jobs where the salaries for IT executive have not recovered are limited to three (3) executive positions in large enterprises. VP Administration (down 2.25%), VP Consulting Services (down 9.0%), and Director Productions and Data Centers (down 0.75
These are findings from the 2016 Mid Year IT Salary Survey. Other interesting observations for the survey are that salaries for the last 12 months for most IT staff, other than executives have remained flat.
The data shows that CIOs and their bosses value the upper level decision making positions while they view the lower level positions as a focus of cost.
Other findings from the latest IT Salary Survey are:
- In 2015 the IT job market grew by 112,000 versus 129,400 in 2014 and 74,900 and 21,800 in 2013 and 2012 respectively according to the Bureau of Labor Statistics (BLS).
- IT compensation for all IT Professionals has increased by 0.64% in the last 12 months.
- IT executive compensation across all organizations has shown another increase. The mean compensation for IT executives in large enterprises is now $147,260 (up 1.44%) and $131,384 (up 1.50%) in mid-sized enterprises.
- 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.
- 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 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.