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.
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
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.
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.
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.
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.
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.
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.
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 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.
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.
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:
Vice President – Chief Information Officer – $165,494
In the just completed IT Salary Survey by Janco Associates IT Pro median salary increased by 2.92% in the past 12 months. It had been $90,249.
IT Pros median salaries are up across the board
Other finding from the salary survey are:
IT executives have fared better in large companies than mid-size companies with increases that were 3.89% versus 2.84%.
Staff level positions in IT organizations of SMB’s had the greatest demand for new hires. Companies were gearing up their internal US-based IT organizations pushing IT salaries up by 2.40% from $87,254 last year to $89,348.
In large enterprises, the median compensation rose 3.42% from $93,669 to $96,875.
In mid-sized enterprises, the mean total compensation for all positions increased by 2.40% from $87,254 to $89,348. Over 80,000 net new jobs.
Some markets like the SF Bay Area, Boston Metro, and Salt Lake areas are suffering shortages of qualified IT professionals.
Technology centers like San Francisco (Bay Area), Chicago, Atlanta, District of Columbia, New York and Washington State continued to lead the way in new IT job creation.
Succession planning and promotion of Millennials into that role is becoming a priority.
Large organizations are planning to beef up their middle management as those enterprises focus on Big Data, Blockchain, SEO and Smartphone and tablet connectivity.
Positions in highest demand are associated with e-commerce, application development security, big data, distributed/mobile system project management, and quality control.
The America first campaign has resulted in more infrastructure functions being moved in-house.
Several enterprises are moving help desks and data center operations in-house which has resulted in an increased demand for data center managers.
Web SEO Analyst are in high demand as e-commerce continues to expand and search engine placement becomes more critical.
KPI metrics are now the way performance is being measured.