Women CIOs hold over 20% of all CIO roles according to data analyzed by Janco Associates
Women CIOs – In the process of capturing public data on CIO compensation, Janco has found that well over 1 out of 5 CIOs is a women.
According to the CEO of Janco Associates, at least two thirds of large public companies doing CIO searches require the recruiter to include women in the candidate pool. Further, when “all else is equal”, between a male candidate and a female one, companies are tending to choose the latter specifically to enhance the diversity of perspectives on the management team.
Unfortunately, even with this data, there are still too few women in senior, experienced roles to populate the candidate pools of all diversity-minded companies. So it’s not enough to decide at the CIO level to hire a woman. The relevant decisions must be made and opportunities offered earlier, at the developmental stage of potential finance leaders.
Companies need to provide more mentors who can share wisdom about things like where to invest time and ways to be motivated.
For those with leadership potential who prioritize family and stability over always making the best career move, the path to the C-suite may be inherently more difficult in CEO and finance than in other functions, like IT and human resources.
Why H-1B is wrong solution – a question that we have been asked
Why H-1B is wrong solution – a question that we have been asked by a number of reporters (see press release). Below are two tables that Janco has created in getting the answer to that question.
Below are some of the questions that we were asked by a reporter for a national publication.
Reporter: Is the Information Security Analysts job the only H-1B security job in your findings?
Janulaitis: Yes, that is the only pure security role. However, there are individuals who have those skills and are classified as Network and Computer Systems Administrators. They fill some of the roles of the security analysts.
Reporter: Do you have any insights into whether that number is so low because. A) no company’s are looking abroad for security skills. or B) people with these skills are applying but not getting accepted?
Janulaitis: First there has to be demand for that role. Many C-Level executives do not feel comfortable with security being done by non-US workers who are not on shore and/or are outsourced.
When C-Level executives have a choice, the idea that an H-1B is responsible for security is not one they relish. They need some assurance that H-1B employees will remain with the company. There have been too many hacks that have taken place where immediate response is required. There is less control when the individual is an H-1B employee that is a contractor. Companies like Microsoft and Apple (vs Tata’s) offer real opportunities for security specialists. These are US companies, not outsourcers, and have a long term view. I know both Microsoft and Apple have good internal training programs in place with real career paths for the “best of breed” technologist that they hire with H-1Bs.
Reporter: Do you think that IT security and cyber-security skills should be given special consideration for H-1B visas? Under the proposed revamping of the program that may include moving to merit-based selection program rather than a pure lottery system.
Janulaitis: In general, all H-1B visas should be merit based. My feeling is that the first choice for jobs should be US nationals who are qualified, then foreign nationals who are graduates of US Universities and want to become US residents and lastly, graduates of foreign Universities who want to become US residents. The idea that there is a lottery and companies like Tata win a large number of positions that they then use to “replace” US workers does not make any sense at all. The purpose of the program is to give the US a competitive edge in technology not reduce cost for US corporations.
Reporter: The question is being raised because the global demand for cyber-security workers is expected to reach 6 million by 2019. There is a projected shortfall of 1.5 million qualified security pros. More than half of organizations today say that finding and recruiting talented IT security staff with the right skill sets is a “significant” or “major” challenge.
Janulaitis: First we start to educate our IT pros in the disciplines required. Then have jobs for them when they graduate and there will be much less of a need for “foreign” workers. It should be a H-1B requirement that these individuals have a “desire” to become full time US residents. If companies like Tata game the system, they should be penalized. Perhaps they could be required to post a bond of say 20% of the annual salary be put in trust. That would be returned when the individual qualifies to be a permanent resident. If they do become full time residents within a specified period, then the bond would be forfeited and the individual would have to leave the US. We need to take the profit out of gaming the H-1B program.
Reporter: Any other insight you might have into this would be greatly appreciated.
Janulaitis: Companies like Tata should not be allowed to get the number of H-1B visas they do. They are gaming the system by creating US subsidiaries that are just a shell to get revenue out of the US and not necessarily help the US to be a technology leader. The focus of the H-1B program should be to get foreign nationals that are world class to come to the US, become full time residents, and contribute to our society. Currently students come to the US and take the limited number of advanced degree slots available we have and are capping the number of US nationals who can fill them. It is not the US’s role to educate the world. We need to do everything possible to have H-1B visa holders stay here. It is not good when over 75% graduates leave and go back to place like China and India.
I believe much of the problem we have is due to our educational system. We need to have more of a focus on math and science and less on social engineering. As a county we spend more on education but rank behind Poland. We have a bias towards foreign nationals in our graduate and doctoral programs. We need an educated population of college graduates who focus on both math and the science. Then we need to have jobs for the individuals that have STEM (Science, Technology, Engineering and Math) degrees. That includes undergraduate as well as masters and doctoral degrees. It is much easier to grow our skill base if we have the professors who can teach those subjects. China, for example, is graduating more students from it universities in robotics on an annual basis than we have in total.
IT Job Market to expand as CIO and CFO confidence is high
Year to year comparisons show IT Jobs increased at double the rate of 2017 – Janco’s forecast of 136,500 new IT jobs stays firm
Information Technology job market spiked up with double the number new jobs in January of this year versus January of last year. The CEO of Janco Associates said, “This increased demand for Information Technology professions remains firm with more hiring on tap for at least the next several months. From our conversations with many CIOs, CFOs, and CEOs we feel this is the start of a boom in demand for IT professionals. Janco’s forecast of 136,500 new Information Technology jobs for 2017 is on track with 11,800 new jobs added in January. ”
Janco Associates has just released its 100 IT Infrastructure Electronic Forms . Victor Janulaitis the CEO of Janco Associates, Inc. said, “Over 1,000 companies in over 120 countries have selected the Janco’s CIO IT infrastructure Policy Bundle with electronic forms.” He added, “Forms include all areas of IT including Disaster Recovery/Business Continuity, IT Service Management, Records Management, Records Retention, Safety Program and Threat/Risk Assessment.”
The CEO added, “Many of the best features are that they comply with US state and federal mandates, EU requirements, and ISO standards. Best practices are followed on all of the forms product.”
The Infrastructure Electronic Forms are delivered electronically and comes as an easily modifiable Microsoft WORD and PDF documents. They include everything needed to implement a seamless electronic document management system which works on Smartphones, tablets, and desktops. The forms can be acquired with Janco’s CIO IT Infrastructure Policy bundle or a as a standalone item. Janco also offers and subscription update service for 12 or 24 months.
The CEO said, “Enterprises around the world are moving away from paper files to electronic ones. CIO who are on the top of their games have already started this implementation. It will only be a short time until electronic forms will be a best practice.
10 best practices electronic meetings 10 best practices electronic meetings 10 best practices electronic meetings have been identified by Janco Associates, Inc. They are: Have an agenda that is available...
There are 10 burning questions that CIOs need to have answers to.
The chief information officer’s (CIO) role, responsibilities and influence is growing in today’s boardroom. And the CIOs job itself is expanding as well. The CIOs of the next decade face many challenges. The CIOs who will succeed will have a common set of skills.
The 10 CIO questions are:
Can the CIO and IT organization sustain technology hype and deliver value?
How secure is the data of the enterprise and its customers and suppliers?
What is the next core systems evolution that the CIO and IT organization going to undertake?
How and when will drones be used with the enterpriser?
What are the implication of “industry giants” like Goggle going to impact the operations of the enterprise?
Can Blockchain (a distributed database that maintains a continuously-growing list of ordered records called blocks that interconnect enterprise data) be implemented within the enterprise?
Can enterprise’s product designs keep up with opportunities from technology?
Will vendor consolidation continue?
Is digital distribution and marketplace about to take over?
Are KPI metrics and analytics investment paying off?
10 Security Assessment Questions 10 Security Assessment Questions Security Assessment Questions To stop a breach tomorrow, what does the enterprise need to differently today? Does the enterprise know if...
CIO tenure moves up as more CIOs are staying in their jobs. However that is about to change as the “baby-boomers” will begin to retire over the next several quarters. This data is according to Janco’s 2017 IT Salary Survey.
IT job market poor as growth continues to trend down. This year, only a little more than one half (53% – 66,600 jobs) of that number of new IT jobs were created. Telecommunication job growth continues to be slow and still has not recovered from the Verizon strike earlier in the year. Where the Verizon strike was about limiting shipping jobs overseas it did not cover companies that continue to outsource telecommunication jobs.
Year to date there are 47,400 fewer new jobs in 2016 than in 2015. The forecast for all of 2016 is only 75,600 new jobs will be created for the year versus 129,400 in 2014 and 112,500 in 2015.
That is not a good sign for IT Pros who are looking to advance and for overall compensation for IT professionals.
IT Median Salaries 2015 vs. 2016
In the process of capturing the data for Janco’s 2017 IT salary survey to be released in January, the trend for IT salaries remaining flat seems to be continuing.
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.
With this latest quote Janco is now viewed by many enterprises as the go to sources for IT job market and IT salary information. This keeps it in line with the long-term identification of Janco and its CIO as a leader in the field of IT management information.
Janco continues to keep tabs on the IT Job Market, IT Compensation, and trends that impact the overall infrastructure and strategy of IT and the CIO who are in charge. With this in mind Janco has identified 3 common skills that sucessful CIOs have.
Successful CIOs are both visionary and pragmatic\
Successful CIOs focus on ROI improvement of IT
Successful CIOs inspire the enterprise and expand the business impact of IT
The 36 highly paid CIOs have average base salary is $510,000 with total average compensation of $3.6 million.
Janco has just updated its list of highly paid CIOs for the last year. The data is from public sources including SEC fillings. The data shows that this group of individuals is not only very diverse but also completely integrated in the executive management planning and operational teams.
Interesting findings include:
One quarter of this group of CIOs are women. That is up from less than 10% in 1999.
Just under 1 in five are minorities. This group of CIO is racially diverse and are all well educated
The median base salary $700K while the average base salary is $510K/
The median total compensation $3.3 million and average total compensation is $3.6 million.
All of the CIOs make most of their total compensation from performance bonuses and company stock.
The average tenure is well over 60 months and these individuals have the probability of retiring from these jobs versus being terminated or leaving for greener pastures.
All of the positions are Vice Presidents and most are Executive Vice Presidents. All have either CIO or CTO in their official titles.
Over 60% have been in IT most of their careers. and have advanced to this position.
Over 40% have operational responsibility for areas beyond IT and technology. Technology is integral to the day-to-day operations
All are integrated into the executive and operational management of the enterprises they are in. Typically IT is not in a “silo” isolated from the rest of the company.
Janco and eJobDescription.com has conducted salary surveys of the IT Job market since 1989. 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 media outlets.
CIOs who are paid more than $1,000,000 Top paid CIO positions have broad responsibilities Janco has just completed its review of the top paid CIOs in publicly traded companies. Two of the individuals...
CIO Pay – Millionaires CIO Pay – Millionaires In order to make the top 40 in compensation CIO had to be paid over $1,000,000 dollars annually. In CIO Pay...
Massachusetts law prohibits employers from asking about applicants’ salaries
Massachusetts has enacted the nation’s first law prohibiting employers from asking about applicants’ salaries before making employment offers.
The new state law, which Republican Gov. Charlie Baker signed on Aug. 1, will require employers to offer a compensation figure upfront, rather than relying upon what the applicant made at a previous position. The requirements will not go into effect until July 1, 2018. Job applicants will not be compelled to disclose past or current salary or wages, but can still volunteer past salary information.
The first-of-its-kind bipartisan law, S. 2119, was heralded by supporters as another avenue to strengthen equal pay laws. The law’s proponents said banning pre-offer wage disclosures addressed the subtle factors that can affect compensation decisions. As well, supporters said that using salary history as a means of determining how much a potential hire could be paid was unfair to women, arguing that it allowed a continuation of a pattern that statistically paid them less.
Another provision of the law requires that women receive pay equal to that of men in the same position, as well as men who perform work “comparable” to them. The Massachusetts law incorporates a wider standard than many other state equal pay acts. Other recently passed state equal pay laws, such as California’s 2015 equal pay measure, likely will depend on the courts to practically define “comparable” worth in the workplace.
Finally, the new Massachusetts law also addresses salary transparency. Employers will not be allowed to prohibit employees from informing others how much they are compensated. Supporters argued that transparency for wages would better identify gender pay disparities.
The bill passed the state legislature unanimously and had the support of several business organizations, including the Greater Boston Chamber of Commerce.
Similar attempts at introducing novel procedures to address equal pay have inspired copy-cat legislation in other state legislatures. Several states this year attempted to pass some form of equal pay legislation but the Massachusetts action is the first one to become law.
IT Staffing 2015 IT staffing 2015 IT staffing companies and researchers released a flurry of information as the first half of the year ended. 2015 is looking great...
Mid-Year 2014 IT Salary Survey Released Mid-Year 2014 IT Salary Survey Released The just released Mid-Year 2014 IT Salary Survey shows that IT professionals’ compensation rose just 0.33% from mid-2013 to...
Top 10 Wearable Issues – Over 33% of all organizations surveyed by Janco have revealed they have more than 5,000 connected devices. Add to that, Cisco predicts there will be more than 600 million wearable devices in use by 2020.
These facts present a set of challenges for CIOs and IT enterprises of all sizes.
Easy physical access to Data
Records management, retention, and destruction
Business continuity is significantly more complex
Photos, Videos and Audio can be captured without anyone knowing it
Instant access to outside Wi-Fi and cellular systems facilitates rapid dissemination
Insecure wireless connectivity
Lack of encryption
Lack of formal policies with limited regulation or compliance –
Wearable Device Security Concerns Wearable Device Security Concerns Wearable Device Security – Over 300,000,000 wearable devices are going to be deployed in the next several years Wearable Device Security –...
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.
State unemployment numbers mask correct unemployment rate
State unemployment numbers mask correct unemployment rate as they do not adjust for the number of individuals who have dropped out of the labor market.
In May 2016 there were 8 states with an unemployment rate of over 6% versus 7 in February 2016 with over 6% Unemployment. Alabama and Illinois have unemployment go up in the past 12 months as opposed to the other 4 states where unemployment levels have improved.
South Dakota and New Hampshire had the lowest jobless rates in May, 2.5 percent and 2.7 percent, respectively. The rate in Arkansas (3.8 percent) set a new series low. Alaska had the highest unemployment rate, 6.7 percent. In total, 16 states had unemployment rates significantly lower than the U.S. figure of 4.7 percent, 15 states and the District of Columbia had higher rates, and 19 states had rates that were not appreciably different from that of the nation.
Unemployment Levels over 6% in 12 states Unemployment Levels over 6% in 12 states State Unemployment Levels Unemployment Levels by State — The National unemployment data provides a measure of the health...
Job Market grim for Information Technology professionals
Job Market grim for Information Technology professionals as it is leading the way to fewer prospects for new jobs being created. Just last month there were eight (8) states with unemployment rates in excess of 6%. That along with the loss of 27,700 jobs makes many wonder if we are facing a possibility of a new recession.
Job Market grim for Information Technology professionals as 2016 fall behind 2015 in creating new IT jobs
Unemployment rate grim for 13 states Unemployment rate grim for 13 states Unemployment rate is grim for 13 states. Both Nevada and California have had the highest unemployment rates for over 24...
IT Job Market Shrinks Job Market Shrinks for IT Pros IT Job market shrinks in May. Approximately 27,700 jobs disappeared, with most of those jobs being related to telecommunications....
Job Market tightens Job Market tightens Job Market tightens – Even with the national unemployment data showing positive improvements, the job market is tightening. In a review of...
Unemployment Levels over 6% in 12 states Unemployment Levels over 6% in 12 states State Unemployment Levels Unemployment Levels by State — The National unemployment data provides a measure of the health...