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.
IT Hiring Kit Update has just been released. It contains the lastest IT Salary Survey, the 2019 version of the Interview and Hiring Guide, and job descriptions. The kit comes in 4 editions – Standard, Silver, Gold and Platinum. Each of the job descriptions is between 2 to 8 pages in length.
The recent update includes a number of best practice definitions to facilitate recruiting. The best practices provide a proven methodology for how the recruitng process can be streamlined to maximize the productivity of the recruiting staff and increase the likelihood that only fully qualified candidates are screened , interviewed, and recruited.
IT Hiring Kit Update components all have been updated with the last few weeks. As the IT Job Market continues to tighten now is the time to get this must have kit.
The kit comes with 30 days of free update service. In addition, update subscription service can be purchased along with the core offering. The options are for one or two years of service.
The CTO of a Fortune 10 organization based out of New Year who has reviewed the latest version of the kit said that he was “… going to make the IT Hiring Kit a standard for all of the recruiting managers and CIO in the divisions of his company.” That is high praise indeed.
With the added components all available in eReader format, this kit is portable and mobile to address the everchanging technology environment. For example all of the job descriptions can be viewed on tablets and smartphones. With that option the need for paper copies is minimized.
U.S. Job Market continues to improve. There now are 36 states (including the District of Columbia) that have an unemployment rate that is 4.0% or lower. That is one more state than in the prior month.
U,S. Job Market – the unemployment rate continues to hover around 3.8% to 4.0%. The current rate is the lowest it has been in several years.
Looking at the data for individual states for a year to year comparison, the picture is even brighter.
Only two states of the states with low unemployment rates, have higher unemployment rates this than last. Those are Coloarado and Hawaii.
Hawai was at such a low rate last year that the shortage of workers slowed the economy there. The fact that it is an island only magnifies the issues it has to deal with when it low unemploymnent and high unemployment.
Janco continues to monitor the U.S. Job Market and the IT Job Market continually. To see this analysis as it is updated look at the Employment Data on Janco’s main web site.
Job Interview and Hiring Guide includes Top 10 Hiring Best Practices as well as best practices for the interview candidate.
Top 10 Hiring Best Practices – the Interview id critical first step in building a world class organization. The Interview and Hiring Guide provides best practices that both the candidate and the entrerprise should follow.
In today’s employment market, it is critical to make every hire count. There is little room for error. It is crucial for senior-level leadership, human resources and hiring managers to all be on the same page and do the right things.
Top 10 Best Practices for the Hiring Process are:
Know how each job supports your organization’s key objectives
Consider both internal and external candidates for open positions.
Use objective evaluation criteria based on known outstanding performers in that job.
Ensure compensation is competitive, based on current market rates for the job.
Apply a consistent selection process to filling all positions.
Include key stakeholders in your employee selection process.
Train your interviewers in your employee selection process.
Give your interviewers guidance to help them probe deeper into a candidate’s suitability.
Review public social media accounts of all candidates.
Conduct comprehensive reference and background checks on job candidates.
Ensure that your orientation process helps new hires become productive faster.
10 Things to Avoid in your resume. The market is competitive and your resume has to stand out or you will not even be phone screened.
10 Things To Avoid In Your Resume – Top 10 Resume mistakes that many IT Professionals make.
Keep it short – Keep your total resume to 2 pages or less.
Resume that does not represent you in the best first impression. Make sure that the resume looks good.
Resume that is not structured well. Bullets, limited bold text, and a summary at the top are key directions to take.
Eliminate spelling errors. This is direct path to the circular file.
Resume that contains grammatical and tense errors – Do not user complex sentences and avoid starting with prepositions.
Resume that does not agree with your “social profile”. Resume needs to be in agreement with what the rest of the world see about.
Photo is a bad idea. Do not include anything that shows your age, race, or appearance.
100% accurate. Everything needs to be truthful and accurate.
Resume that is the same for each job and company. With word processors and email you should at least have a custom cover letter that address the “specific” job or company that you are sending the resume to.
Not following up. If you do not hear back from a company and have sent a resume in, it is a must to follow up and see if the job is still open.
H-1B Visa make up a major portion of the IT Job Market. Just the visa holders who were approved in 2018 make a total compenstation of close to $15 billion dollars. Those are all high wage jobs with the mean compensation of $91,604.
On an annual basis the mean compensation for the holders continues to rise. Since most of these are “temporary” postions, the long term value for the enterprises is questionable.
H-1B Visa applicants typically go to larger companies. In addition, most of the companies requesting visas are the same year after year. Question is that a way for them to get unique skills or to hold salaries down
Supply of Qualified IT Professionals Low – Starting Salaries Higher
Supply of Qualified IT Professionals Low as CIO and recruiters look to add the skill sets necessary to meed the demands of seamless information flow via ERP and Blockchain. This shortage is not limited to these skill sets, programmers and business analysts of all stripes are also in high demand.
IT job market growth is marked bu shortages of qualified professionsal. Still Janco forecasts that over 89,000 new IT jobs will be created in 2019.
The political turmoil and lack of any material progress on the trade talks with China and the EU adds a level of risk on the direction of the economy. However, even with all those factors in play there still is positive IT job market growth. CIOs are still planning on expanding the size of their organizations.
Most of the hiring that is occurring is at staff levels. Based on our current data we believe the hiring that will be done this year will be completed by June or July. Demand for consultants and contract employees will still be above average, however, there is a tendency to move towards in-house staff. This data is compiled by reviewing public data, open/filled positions at our client organization, and interviews with selected CIOs, Recruiters and our clients’ internal HR staffs.
CIO Hiring plans for the next year show the focus is on meeting the skill shortage need at the staff level
In order to assist its clients, Janco has just released it 2019 version of the IT Hiring Kit – https://www.e-janco.com/ITHirePack.htm. the Kit contains the over 300 full IT job descriptions, the 2019 IT Salary Survey, and the Interview and Hiring which is packed full of electronic forms and best practices.
2019 Version of the HandiGuide contains 300 2 to 8 page job descriptions. They every position for CIO to Blockchain programmer and System Administrators
IT Job Descriptions HandiGuide was just updated to reflect latest compliance requirements. The HandiGuide was completed in 2019. It is over 800 pages; which includes sample organization charts, a job progression matrix, and 300 individual descriptions. The book addresses all mandated requirements, including the ADA, and is in an easy to use format.
Also included with the HandiGuide are tools to help you expand, evaluate and define your enterprise’s Human Resource requirements. Those tools include:
Job Evaluation Questionnaire
Position Description Questionnaire
Job Progression Matrix (Job Family Classifications)
Sexual Harassment and other key employment issues
Best Practices for resume screening
Best Practices for phone screening
Employee Termination Checklist (Electronic Form)
This offering is fully vetted by the IT Productivitive Center, the Society for Human Resources Management, and the 3 major accounting firms (in the U.S and the EU).
The eReader version of the job descriptions can be loaded directly on an enterprises “Intranet”, searched and printed directly via tablets and SmartPhones.