Information Security Jobs Hot – Salaries start in the mid $70K range
Information Security Jobs with salaries ranging from $75k thru $210K. With the help of serveral client organization, Janco has designed a Information Security Job Family with pay ranges. The data contains the entry level salaries, median and highest salaries for individuals in those positions. The chart below depicts that information.
Information Security jobs are among some of the hardest to fill. As a result the salaries for this positions almost all within the low six figure range.
No longer are organizations are looking for just the CSO (Chief Security Officer), rather they are looking to fill out the infrastructure to support the CSO.
IT Job Family Classification
Both in an individual’s personal career planning and an enterprise’s staffing, promotion and compensation it is important to have benchmarks on the levels that individuals are at. To that end, one of the best objective ways to meet this goal is to have formal job descriptions and clear paths for promotion and compensation.
Janco has developed job description bundles to aid in the recruting process.
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 in the last few months. They include:
Top 10 Wanted Benefits for IT Pros – High Demand for IT Pro moves many companies to improve prized benefits for IT Staff
Janco surveyed 275 organizations Janco to identify the top 10 prized benefits for IT Pros.
Benefit coverage for domestic partners.
Paid maternity leave.
Partial payment of school load held by employees.
Tuition reimbursement to recognized universities.
Tuition reimbursement for programs that lead to technical IT certifications.
Formal company training programs
Employee wellness programs
401K with company providing matching contributions.
In another recent survey, the top 100 best places for IP pros to work did include many of these benefits. Many have done so in order to recruit and retain high performing IT Professionals.
The trend is for more benefits to be provided. Some companies even go to the extent of having game rooms, free lunch programs, catered meals, sporting event special seating, and free drinks like soda, coffee and tea.
DevOps Job Descriptions were just released as a bundle. Both HR and IT have a critical role in addressing the expectations that the Executive Management has in the movement towards DevOps applications.
DevOps is a process which allows for the constant and evolving development of applications with new features and functionality added over time. This is without the traditional legacy SDM process of traditonal IT development and implementation.
The jobs descripions that are included in the bundle are:
Chief Digital Officer – CDO
Chief Experience Officer – CXO
Digital Brand Manager
DevOps Application Designer
DevOps Quality Control Specialist
DevOps Software Engineer
DevOps Version Control Specialist
There are more positions that will be added to this bundle as we continue to evaluate the roles that must be played in: planning, coding, building, testing, releasing, deploying, operating, and monitoring process of DevOps.
IT Job Market Explodes – Now over 3.6 Million Job in the United States
IT Job Market Explodes – IT Job Market had grown by 34% since 2010. This year Janco forecast that the number of new IT jobs will expand by approximately 100K.
As of July 2019, 56,800 new IT jobs were created YTD. The forecast for the reaming 5 months of the year is that on average 8,400 jobs will be added each month resulting in 42K new IT jobs
CIOs and CTOs continue to be optimistic and do not see the hiring trend slowing. The only downside to this is the contraction in the number of telecommunication jobs. In the past ten (10) years the number of Tel-comm jobs has shrunk by 20% from 890K to 712K.
Tele-comm jobs are being eliminated as organizations automate the function and fewer individuals are need to accomplish the same tasks. This is the same type of job elimination that occured in that industry when it automated switchboard operaters to electronic swithes.
IT Job Market Explodes – As economy improves IT jobs lead the way in job creation.
Demand for IT Professionals is now focused at the interface between the end user of the data and the data stored on the cloud or in secured legacy systems. Blockchain, cyber-currency, security, and compliance skills are the one highest in demand.
Fringe Benefits need be included in the calculation of total compensation
Taxable fringe benefits are benefits an employer provides to any employee, partner, or independent contractor. A recipient of any taxable fringe benefits, must include the benefit’s fair market value in their annual taxable income calculation. Taxable fringe benefits are subjected to all federal income taxes, as well as FICA and FUTA.
Employees who currently use their own car for business-related driving must take care not to exceed the IRS stated mileage rate as any payments for the excess amount would be considered taxable income.
The following are examples as taxable fringe benefits:
Any reimbursement for any employee job-related moves of fewer than 50 miles
Clothing that is suitable for street wear that has been given to employees
Educational assistance payments that do not relate to the employee’s job or exceed the allowable IRS threshold
Cash awards and non-cash awards are taxable unless given to charity
Expense reimbursements lacking an adequate accounting is taxable
Updated IT job descriptions are important for an entire range of reason. The foremost is that updated IT job descriptions clearly define what roles and responsibilities the individual filling that role has. In addition it clearly defines metrics for the position which can be translated into Key Performance Indicators – KPI.
Promotions depend on Updated IT Job descriptions
Janco updated the IT Job Descriptions continually. At least once every 12 months each job description is reviewed, edited, and updated to meet the latest requirements for the position.
The labor market for qualified professionals is tight. With that as an factor in staffing, promotions become more important. It is easier to higher an entry level individual than first tier performer for the two levels up. With that in mind, position descriptions should include career path and promotion opportunities.
Training and education are ways in which CIOs and IT Managers can improve the quality of their staffs. Janco has created a number of tools which are being used today by over 300 of the Fortune 500 organizations.
The main offering Janco has is its full IT Job Descriptions. It comes as individual MS Word files, epub book, or the complete HandiGuide
IT Job Descriptions HandiGuide includes sample organization charts, a job progression matrix, and 300 Internet and IT job descriptions. The book addresses all mandated requirements, including the ADA, and is in an easy to use format. This can be purchased as a complete set or bundles of job descriptions
IT Job Market 2019 – in the first 4 months of the year the number of new IT jobs created exceeds 40K. That rate of growth is at a level that is beyond the number of individuals graduating from universities and trade schools.
IT Job Marker 2019 – April shows that 95,500 IT jobs heav been added in past 12 months. That is inspite of the loss of 29,600 job in Telecommunications
IT job market 2019 growth is at a pace that will be beyond anything that we have witnesses since the late 1960s.
A steady progression in the number of new IT job created has been consistent for the last two years. We do not see that changing for any time soon.
The areas where there has been the greatest inscrease in demand has been for those applictions that depend on remote users. For example, iOS and Andraoid applications which access big data are where there is a grea shortage of skilled IT Professionals. Add to that, the implications of cryptocurrency applications including blockchain and distributed ledger technology and you will find the disciplines that are the focus of new job creation.
In the course of analyzing data for our Mid Year IT Salary Survey, we found some interesting data on the Data Scientist position. First the individual who fill that role are on either coast . Few , if any, Data Scientist roles are in makets other than the technology centers. However, the median salaries for those postions is quite high.
Data Scientist median salary is around $210K. However the highest medias are San Francisco Bay area and Boston. Both of which is where there significant new product development.
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.
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