IT Hiring Recession is OVER reports Janco in its Salary Survey
Park City, UT - Janco has found the IT Hiring Recession is over. Victor Janulaitis, the CEO of Janco said, “For the first time since the recession of 2001 there has been a significant increase in demand for IT Professionals. Hiring is up across the nation as companies begin to focus on business expansion. "
The summary findings in Janco 2007 IT Salary Survey are:
- The mean compensation (which includes bonuses) for executive IT positions surveyed now is $143,243 in large enterprises and $127,439 in mid-sized enterprises. (Large enterprises have over $500 million in revenue and mid-sized are $100 to $499 million in revenue).
- Hiring for all levels of IT professionals in mid-sized enterprises has increased significantly.
- CSOs (Chief Security Officers) and top administrative executives are in high demand at larger enterprises
- The mean compensation for Chief Information Officers (CIOs) in all enterprises remains relatively flat with the mean compensation across all enterprises between $174,979 and $169,504.
- The positions in the highest demand are: VP - Administration; VP - Information Services; VP - Security (CSO); Change Control Analyst; Computer Operations - Shift Manager; Data Center Facility Administrator; Data Entry Clerk; Data Entry Supervisor; LAN Applications Support Analyst; Object Visual Programmer; Production Control Specialist; Project Manager - Systems; Systems Programmer; and Voice/Wireless Communications Manager.
- Mid-sized enterprises are starting to open the hiring gates as backlogs build up and enterprises see continued growth.
- The mean total compensation for all positions surveyed has started to move up(0.72%) in the last twelve (12) months. In mid-sized enterprises the mean total compensation has fallen slightly (-0.39%) from $75,096 to $74,806. At the same time in large enterprises the median compensation has also moved up significantly from $81,078 to $82,498 (1.75%).
- Demand is high in the internet and network areas of e-commerce, voice/wireless communication, object programming, data security and data warehousing as enterprisers try to prepare for the next wave of the new wireless technology.
- In our prior reports, Janco found a number of ‘baby boomer' individuals who had planned on retiring in 2003 and 2004 but did not -- they now are starting to think about retiring in 2007 and 2008.