Average IT Salaries up an average of $3,796 according to Janco
IT salaries on a year-to-year comparison have risen 4.35%. The median salary (for the positions surveyed) has gone from $87,175 to $90,971. Janco forecasts that on average approximately 7,000 new IT jobs will be created in each of the remaining months of 2018 resulting in approximately 82,700 new domestic IT jobs. The CEO of Janco Associates, Inc., Mr. M. Victor Janulaitis said, "The economic picture has created a positive outlook for job growth in general and Information Technology in particular. However, we are now seeing both an increase in attrition rates within the IT function and a number of positions that remain unfilled because qualified candidates cannot be found. This is causing CIOs and HR department to re-think both existing salary pay rates and the salaries that are being offered to potential employees."
Major findings of the 2018 IT Salary Survey are:
The CEO of Janco added, "CIOs are now more optimistic about the direction their organizations are moving and are looking forward to increased budgets and staffing. However, with the improved employment opportunities they are facing challenges in both compensation levels paid and promotion opportunities for existing staff. Some have already experienced the loss of highly qualified IT pros who have moved on and increased the attrition rate for IT Pros."
The 2018 Mid-Year IT Salary is available via electronic distribution either as a standalone product or with the IT Hiring Kit which contains the IT salary survey, Interview and Hiring Guide, and a full set of IT Job Descriptions.
Janco interviewed over 101 CIOs in the last several weeks as part of it's data gathering process for the mid-year survey. Janco's CEO said, "CIOs were optimistic that the economy will continue to improve, and increased IT spending and hiring will be the rule of the day for at least the next few quarters."