Information Technology (IT) is a people intensive area of employment. As the IT Job Market expands CIOs and Human Resources (HR) professionals need to be aware of the critical nature associated with the management of those resources.
The IT market is now at 3.5 million plus individuals.
Low Unemployment is defined as being at 4% or less. There now are 35 states that have low unemployment.
There now are 35 states that have low unemployment. All but 6 of those states have unemployment rates lower this month than the same month last year.
When all factors are considered this is one of the best general job markets in a number of years. That is especially true for the IT job market that continues to expand as enterprises are investing heavily in technology.
There is still a forecast that says over 100,000 net new jobs will be created for IT professionals in 2019.
Blockchain job are hot
In a review of compensation for 12 comparable Blockchain related positions at a number of enterprises, Janco found that 10 of the positions surveyed had median salaries over $100K. The two positions that did not reach that threshold, were ones that have been around a while and are just now seeing the impact of blockchain. A Manager of Blockchain Architecture commands a median salary of $142,000, a Project Manager Blockchain is at $120,000, a Blockchain Analyst has a median salary of $123,500, and a Blockchain Developer commands $127,000. All at the upper end of salaries for IT Professionals.
Positions related to Blockchain and Distributed Ledger Processing technology are all hot. Salaries are rising and demand fo seasoned professionals is hig.
Blockchain job description critical to making the right staffing decisions
Why and what is blockchain? Blockchain technology is the application of Internet transasction process and data base technology in a way to store and to verify integrity. It is, primarily, a technology that uses cryptocurrency. With that, it enhances the trustworthiness of the transactions. Transactions become unchangeable once they are entered in the blockchain database. This is valid for all the data that the users use and share.
Typically, the blockchain application works with the most popular cryptocurrency, known as Bitcoin. It is a virtual currency that application uses to keep track of all the transactions that take place on the blockchain network. The applications of a reliable database like this can be many, and they are not limited or restricted to finance only. Information Technology architects are actively engaged in working with the Blockchain Technology. In addition, these professionals are optimistic about finding new products or applications with blockchain. For example, after the successful implementation of a blockchain system, in all likelihood the application can be extended to suppliers and customers alike.
The Blockchain developer is responsible for developing innovative solutions to challenging problems, including command and control and high integrity solutions. Perform complex analysis, design, development, testing, and debugging of computer software for distinct product hardware or technical service lines of businesses. Perform software design, operating architecture integration, and computer system selection. Operate on multiple systems and apply knowledge of one or more platforms and programming languages.
The Blockchain developer is challenged with legacy infrastructure that will be the main obstacle to successful implementations. This is coupled with the challenges of technical understanding – the practicality of implementing decentralized cryptosystems that fall outside of the traditional IT development skill-set.
Women career opportunities in high growth positions
Women Career Opportunities are on the rise with both an improved economy and the increased role women play in many organizations. In addition, 3 of the 10 top growth career areas are in IT.
In the IT recruiting process, there now are more women that are in the mix. That includes jobs from CIO to blockchain developer. Recruiters need to be cognicant of the implications of that. To that end, the IT Hiring Kit address the issues associated with recruiting and retaing qualified female IT Professionals.
Based on data provided by the BLS and with Janco’s analysis, it is exceedingly clear that IT will play a major role in the advancement of many women.
Sexism is dead in IT – we think
Of the top 10 growth careers for women 3 are in IT. Many women career opportunities are in these three career areas are:
Software developers, application, and software systems is projected to grow by 12% by 2026 and currently has a median salary of $89,804.
Computer and Information Systems Managers is forecasted to grow by 24% and currently has a median salary of $85,593.
Management Analysts should grow by 14% and current occupants of that position are paid a media salary of $74.734.
All of this point to a bright future for women in the technology.
SME High Paid IT Pros all make over $100 according to Janco’s IT salary survey
SME high paid IT Pros in a job market that shows no sign slowing down. More companies are looking to invest in new technology. This results in high demand for can-do professionals. In additions salaries for these information technology professions is on the rise.
The highest paid IT Pros in the SME job market are all over $100,000. Janco predicts that the median salary for all IT Professionals in SMEs will be over $100,000 within the next year. The top paid individuals are:
Vice President – Chief Information Officer – $165,494
VP – Security (CSO) – $142,525
VP – Technical Services – $138,881
VP – Consulting Services – $138,213
Director – Systems & Programming – $133,190
VP – Information Services – $133,094
Director – Production/Data Center – $115,651
VP – Administration – $108,785
Project Manager – Distributed Systems – $107,203
Manager – Systems and Programming – $106,870
Comprehensive IT Job Descriptions
Along with the salary data provided in the IT Salary Survey, there is an option to get full job descriptions for each of the positions surveyed. In addition, as an option, all 300 plus job descriptions that are published by Janco are available.
Recently the firm updated it IT Hiring Kit which contains the latest salary data and job descriptions.
Options available for getting the latest compensation data along with job descriptions. In addition, this kit comes with the Interview and Hiring Guide
Top 10 Millennial Considerations for Recruiting Managers
Top 10 Millennial Considerations change the way companies recruit. There are factors that are different that recruiters and managers need to consider. We have identified the top 10 things factors when look at this portion of the labor pool.
Top 10 Millennial recruiting considerations identified
Recruiting Millennials was a key factor is the redesign of the IT Hiring Kit
Millennials typically are not looking for long-term career positions. Many are looking to gain knowledge that they can leverage in their next position. The company, the product, or the service provided is not as important as what the millennial can gain for their experience. During the recruiting process, care must be given to understanding exactly what the millennial is looking for in a position, Will it be a short employment opportunity or one they can stick with for a 3 to 5 year period?
The company website is one of the first places that millennials will look for information before they do anything else.
Millenials prefer to submit electronic resumes and apply for positions via the internet (company website) or Social Media accounts.
Social media reputation is a key consideration in their decision to accept or reject a job offer.
Millennials prefer companies that are forward-thinking and digitally tuned. Social media presence is important.
They often will not consider an environment where they are at a desk in football field-sized office versus a telecommuting environment.
Communication and training are key components of the culture that millennials need to understand. These individuals look for companies that have an experience base they can learn from, Typically, millennials do now what to create from scratch. Therefore, they need to have a way to connect with those who have gone before them.
Millennials expect and require modern technology to do their jobs and will specifically look for employers that offer cutting edge tools.
Millennials require that they are in-the-know on company performance and how their contributions have helped the company meet its goals and objectives.
People in this group place person life over work life. Work is only a means to make a living, a long-term career with a company is not the top priority.
Well written IT Job Descriptions are key to staffing
2019 Version of the HandiGuide contains 300 2 to 8 page descriptions. They every position for CIO to Blockchain programmer and System Administrators
IT Job Descriptions that are complete and well written. For example, each job description is 2 to 8 pages in length and well structured. In addition, they all follow the same format and utilize standard style sheets. As a result, they are key to setting functional pay grades, defining career paths, and recruiting qualified staff.
Janco’s descriptions are current and comprensive. Also, they are compliant with all mandated requirements including PCI-DSS, GDPR, ISO, Sarbanes-Oxley, HIPAA, CobiT, and the ITIL standards.
The position descriptions are structured to focus on “Best Practices”. These have been defined by the IT Productivity Center. Also, the descriptions meet the requirements for World Class Enterprises. Foremost, they are ready to use and easily modified to meet an enterprise’s unique requirements. In addition, the descriptions all are reviewed at least annually and updated accordingly. Therefore, those with the subscription service recieve frequent updates.
They are provided in MS WORD, PDF, and ePub formats. Also, a subscription service to update them is offered. The lenght of the upddate sevice is 1-year to 2 years.
The 300 positions include all of the functions within the IT group. They are structured to focus on “Best Practices” as defined by the IT Productivity Center. In addition, they meet World Class Enterprise requirements. They are ready to use and easily modified to meet your enterprise’s unique requirements.
Job Description Format and Strucuture
The position descriptions in this book contain information regarding a given job and its functionality within an Information Systems Organization. This includes a position purpose statement, problems and challenges of the position. In addition, an itemized list of principal accountabilities, and the authority boundaries afforded the holder of the position. Aslo listed are job contacts of the position, and specifications of experience needed for the position. Finally, the career opportunities available to the position holder in the future.
MS Word style sheets are used so all of the job descriptions are in the same consistent format.
The Position Purpose section of the position description gives an overview of the responsibilities of the position. This provides a summary of the most important aspects and duties of the position.
Problems and Chalenges
The Problems and Challenges section outline specific challenges facing the holder of the position. If these challenges are met efficiently and effectively, the opportunity for advancement to a higher position, offering greater challenges, will occur.
Essential Position Functions
For each position, essential position functions are defined. There are additional factors that impact a position. With this in mind, all of the positions have been developed with four items to identify these essential position functions. They are:
The Principal Accountabilities section itemizes the separate duties and responsibilities of the position. This section fully details each major task or responsibility necessary to perform the job function. The tasks are ranked from those most crucial in the beginning of the section to those which are more routine are listed at the end of the section.
The Authority section of the position description delineates the amount of latitude the position holder has in influencing personnel and decision making within the department. This section also outlines which departmental personnel the position holder needs to interface in order to successfully perform this job.
The Contacts section of the position description identifies the primary and secondary contacts with whom this position deals with on a day to day basis.
The Position Requirements section sets forth hiring requirements for the specified position, as well as necessary educational, experiential, and other requirements necessary for the position.
The Career Ladder section proposes future career track opportunities for the position holder. This provides a goal for the position holder to achieve and should, therefore, increase motivation levels.
The ADA does not limit an employer’s ability to establish or change the content, nature, or functions of a job. It is the employer’s role to establish what a job is and what functions are required to perform it. The ADA simply requires that an individual with a disability have their qualification for a job evaluated in relation to the job’s essential functions.
The ADA does not require that an employer conduct a job analysis or any particular form of job analysis to identify the essential functions of a job. The information provided by a job analysis may or may not be helpful in properly identifying essential job functions, depending on how it is conducted.
To identify essential job functions under the ADA, a job analysis should focus on the purpose of the job and the importance of actual job functions in achieving this purpose. A job analysis will be most in-line with the spirit of the ADA, if it focuses on the results or outcomes of a function, not solely on the way it customarily is done.
IT Job Description Bundles
For those clients who do not want to acquire the entire HandiGuide there is an option to select subsets of our complete offering. These subsets are focused around particular areas of interest and provide you a way to get the benefits of Janco’s expertise in a limited and lower cost manner. All of the bundles have been updated within the last six months. They include:
IT Median Salaries 2018 vs. 2019 have gone up by close to 3% as of Januay. Janco is starting to gather data for it mid-year salary survey. At the end of last year there was a major push by many organizations to increase the number of IT Pros on their staffs. This resulted in the upward movement in compensations.
IT Median Salaries as of January were up by 3.42% in large enterprises and 2.4% in mid-sized ones
In conjunction with the data gathered at that time, Janco looked at some of the “hot jobs”. ERP and Blockchain jobs at that time were in great demand. Individuals can look forward to salaries continuing to increase. The median salary for a Blockchain Developer is $127K with experienced individuals commanding upwards of $172K when they move to new organizations.
ERP and Blockchain IT pros continue to be in high demand
With our current projections on IT job market growth, we believe salaries for IT professionals will continue to increase. By 2020 we believe media salarier for IT pros will be close to $100,000 when performance bonuses are included.
Telecommunications Jobs Eliminated as Automation Takes Hold
Telecommunications jobs eliminated as many traditional functions are automated as auto attendants (Voice Mail) are now standard. Also, with increased dependence on WiFi, VoIP and telecommuting employees there is a decreasing requirement for companies to have their own dedicated Telecommunication Departments. Now the primary role of telecom pros is compliance and coordination with the large suppliers of services and products as in-house telephone switches are no longer required by many.
Telecommunications jobs eliminated as Wi-Fi and VoIP take over. Independent IT Departments within most companies are now becoming the exception versus the rule.
In the 1980’s and 1990’s almost every company had its own payroll system with a support staff. As time progressed, standard software packages and payroll services took over. The number of IT professionals in IT Departments who specialized on payroll was significantly reduced or eliminated. The functional support moved to the operational side of the business. Most often those functions were regulated to the Human Resources Department
50% of Telecommunications Jobs Eliminated
In the 19 years since 2000, the number of telecommunication jobs has fallen from 1.4 million to just over 700,000. In addition, that trend is continuing. Automation is taking hold and IT Professionals dedicated to telecommunications are going the way of the switch board operators and office receptionists.
The driving force is automation of routine functions to eliminate the need for expensive staff. We only see that trend continuing. We forecast that in 10 more years telecommunication staff at most organizations will be no existent.
IT Job Market grew In the first 3 months of 2019 by 20,600 new IT jobs were created. Janco estimates that 96,200 new IT jobs will be created in the remaining 9 months of 2019.
The IT Job Market now is almost 3.6 million jobs in the US. It continues to grow as demand for Blockchain and ERP implementions is a driving force
Janco sees high demand for IT Professional staff and middle managers. Most companies have in place executive and senior management and there is not as much demand for those positions. Most of the demand and hiring is at staff levels for IT professionals for specific technology initiatives. Based on our current data we believe the hiring that will be targeted to be completed by mid-summer. Demand for consultants and contract employees will still be above average, with an increase in the last two quarters of this year to augment staffing where there is a shortage of required skills.
To facilitate the recruiting process Janco has just released our 2019 IT Hiring Kit. It helps CIOs, recruiting managers, and HR departments to select, interview, and acquire the talent they need.
The IT Hiring Kit comes with: 1) Interview Hiring Guide with sets of best practices, questions to ask and not ask, background check process, screening and interview process; 2) Latest IT Salary Survey; and 3) Up to 300 IT Job descriptions from CIO to Blockchain Developers. Also available is an update subscription service for a 1-year to 2-year time period.