Tag Archives: Salaries

Experienced IT Pros Harder to find

Experienced IT Pros Harder to find as demand rises

Experienced IT Pros Harder to find –  A major research firm has just published our forecast for US tech employment and compensation (“2019 US Tech Talent Market Outlook”). It has some foreboding news for CIOs and for tech vendors: Tech talent will be harder to find and more expensive over the next two years.

Experienced IT Pro harder to find

The median salary for IT Professionals continues to rise. Currently, it is $93,077 and Janco forecasts that it will be around $95,000 by the end of this year. Experienced IT Pro harder to find as demand increases.

At the same time, they found that the supply of tech workers has largely kept up with demand. But the current data available for 2018 suggests that wage growth is starting to accelerate. This supports the finding in the latest IT Salary Survey from Janco Associates, Inc.

This acceleration poses a special threat to CIOs, who could find themselves paying premiums for certain tech roles in high demand.

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Blockchain Education

Blockchain Education is Addressed by Several Universities

Blockchain Education

The blockchain job description was created with the assistance of two Fortune 100 CIOs.

Blockchain Education now is addressed by a number of universities. They understand that it is a hot evolving technology.  Salaries for developers can reach $180,000.  Late last year there were over 12,000 open positions – that was 4 times the number of open positions at the same time in the prior year.

Course address cyber currency (Bitcoin) and business scale blockchain networks.  Some of the universities include:

  • Stanford University has a course called “Bitcoin Engineering”
  • UC Berkeley scheduled a two-course series which attracted 7,400 students before it was closed out. The topics were cryptocurrencies and business-scale blockchain networks.
  • MIT has two Instructors teaching Applied Blockchain.

Many other universities are addressing this area as well. It’s still very early in the game, so there is going to be that market for the hotshot blockchain technologist who will build systems and can hop from company to company and make a ton of money. But, if the promise comes through on the potential, there will be a lot of work in this space for many years, even a decade or more. This will be entrenched and deeply connected into the enterprise. It will be making money. It will be a core piece of the infrastructure.

Role of the Blockchain developer

The job description documents over 25 specific accountabilities for an individual in this role. Below are some of them:

  1. Design groundbreaking software products with an eye toward compliance.
  2. The subject-matter expert (SME) for the Blockchain applications including a knowledge of the top partners that make up our Blockchain segment globally.
  3. Own the execution of the strategic plan for each market segment, which includes aligning with partner development managers who manage our top technology and consulting partners focused on Blockchain, maximizing influenced revenue driven with and through partners
  4. Working with partner development managers, build C-level relationships with our top partners and generate interest in new programs focused on DevOps/Tools
  5. Represent the partner strategy for Blockchain to our internal and external stakeholders including the  sales teams as well as media coverage and industry events focused on the Blockchain segment

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High Paying IT Jobs

High Paying IT Jobs

Median IT Salaries

Median Compensation for IT Professionals based on Janco’s January 2019 IT Salary Survey

High Paying IT Jobs that are in high demand are associated with the new e-commerce roles and Internet based application areas.  All of the job titles that we have listed here fall into positions where the starting salaries are above the median salary of $93,077 for all IT professionals.

The positions that fall we define as high paying for this analysis are associated with IoT (Internet of Things), Salesforce Automation, Virtual Reality and Security.  These are the hot Job titles.  The entry level for each of these positions is over $100,000 and some have pay ranges that exceed $200,000.

High Paying IT Jobs

The positions most in demand and commanding the highest are the associated with Salesforce Automation and that unique application.  That is followed closely by IoT and Security.

If the current demand for these skills continues, two things will happen.  First, there will continue to be an increase in the compensation levels for these positions.  Second, more IT Pros will migrate into these positions increasing the supply.  That in turn will be dampening factor on compensation.

We have seen this before when new technologies required specialized skills.  Typically we found that it took 24 to 36 months for the supply to catch up with the demand. At that time salaries leveled off.

In any case, we see the median salary for all IT professionals at around $97,000 by the end of 2019.

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Big Data Salaries

Big Data Salaries – Data Warehouse

High Demand for Big Data and Data Warehouse Skills. Data Warehouse and Big Data Salaries are on the upswing because of this.  In addition, they are tied closely with blockchain applications which is an area of intensive focus.  As a result, many of these positions are difficult to fill with qualified individuals.  In some situations companies have to hire contractors who have these skills in order to complete the design and implementation of systems requiring these skills.  The challenge that CIO and hiring managers face is how to train and / or recruit this talent.

Beyond the management of these technical resources, the positions are divided up in three (3) categories:   architects (Data Scientist, Business Analyst. Data Analyst), administrators (Oracle DBA, SQL DBA), and developers (Data Warehouse Programmer, Oracle Programmer, Entry Level Programmer, Hadoop/Cluster Programmer, SQL Programmer)

In Janco’s Job Classification System each of these groupings are a job family classification. Classes provide the ability to set minimum job requirements, promotion criteria and compensation.  All of these factors are used in the definition of detail job descriptions.

Big Data Salaries

Salaries for Big Data IT Pros are in the upper mid-range. Only the top seven positions fall at or above the overall median range of salaries of $93,077 in the 2018 IT Salary survey

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IT Job Market Explodes

IT Job Market Explodes with 107,100 new Jobs added in 2018

IT Job Market Explodes with 107,000 new jobs in 2018.  In addition, Janco forecasts that an addition 100,000 plus new IT jobs will be added in 2019.

IT Job Market Explodes

IT Job Market Explodes with the latest adjustment in the number of IT Job in November and December of last yerr. The adjustment added 55,600 new jobs ins the IT job Market

Hiring for IT Professionals continues unabated. The economy is generating demand for more IT Professionals. CIOs are creating new jobs that address the increased focus on security, data privacy, Internet-based operations, and digital automation. Blockchain applications are continuing to demand more resources as seamless information flow is prime operational objective.

The median salary for all IT Professionals based Janco’s latest salary data is $93,077. That is $2,628 higher than the same time last year. Supply and demand are working in favor of qualified IT professionals. Janco forecasts that the median salary for all IT professionals will be in the $97,000 range by the end of 2019 – a $4K increase.

All of this means that it is a good time for those in the IT profession.  Not only are they in for better pay but they will be working on projects that impact the operation of the enterprises they are in.  The only requirement they have is to stay current and invest in themselves with training in new technologies.

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Top 10 Paying IT Positions

Top 10 Paying IT Positions reported in latest IT Salary Survey

Top 10 Paying IT Positions are at the upper levels of the organization of the Information Technology function.  As expected the media total compensation package for the Vice President – Chief Information Officer (CIO) is around $165,000.  Also, there are a number of CIOs whose total pay with stock and performance bonuses is above $2 million to $3 million.

In the past, we have generated a report on the highest paid CIOs.  In the next few months we will generate that information.

Top 10 paid IT positions

All of these positions are in large organizations. Some have IT budgets well north of $250,000,000 per year

The data in the IT salary survey shows that IT total compensation in on the rise as demand for individuals who can effectively manage these functions is very high. In addition, attrition rates for these positions are on the rise as companies are looking to expand with seasoned professionals.

The data for the top 10 paying IT Positions is as follows:

  1. Vice President – Chief Information Officer – $165,494
  2. VP – Security (CSO) – $142,525
  3. Technical Services – $138,881
  4. VP – Consulting Services – $138,213
  5. Director – Systems & Programming – $133,190
  6. VP – Information Services – $133,094
  7. Director – Production/Data Center – $115,651
  8. VP – Administration – $108,785
  9. Project Manager – Distributed Systems – $107,203
  10. Manager – Systems and Programming – $106,870

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IT Job Market Expands

IT Job Market Expands in the US by 79,800 jobs

The IT job Market Expands to over 3.5 million jobs in the US.  The jobs are divided up with 61% of the jobs in Computer Systems Design and Related Services; 21% Telecommunications; 9% in Data Processing, Hosting and Related Services; and 9% in Other Information Services.

IT Job Market Segmentation

In 2018, the total nimber of new jobs grew by 79,800.  That was 21,000 more new jobs than were created in 2017.

IT Job Market Expands

IT Job Market expands as the economy continues to improve

This expansion of the job market is now twenty months in the making.  The expansion is one of the reasons that IT salaries are going up.

In interviews with both CIOs and HR professionals since the election, Janco has found CIOs to be more optimistic about the probability of increased IT spending and hiring. The data on the number of IT jobs created in the prior two months was increased by the BLS.

The three month moving average for IT job market growth trend for IT Professionals is up dramatically. That metric is the change rate in increase and/or decrease in the total number of new hires. What it means is that CIO and HR recruiters are continuing to hire at a rate that is higher than in prior months. When that metric falls below zero then hiring demand will fall back to previous levels.

IT Job Market read on…

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