2015 Janco Associates, Inc. IT Salary Survey shows that IT salaries move up almost 3%
February 06, 2015 (PRLEAP.COM) Business NewsFebruary 6, 2015 - Park City UT — 2015 IT Salary Survey that was just released by Janco Associates, Inc. shows that compensation for IT Pros has improved significantly for the first time in over 6 years. Janco found that due to increasing demand and improved economic conditions IT Pros are being paid almost 3% more.
Janco found: in 2014 the IT job market grew by 112,800 versus 74,900 and 62,500 in 2013 and 2012 respectively according to the Bureau of Labor Statistics (BLS); IT compensation for all IT Professionals has increased by 2.81% in the last 12 months; Between January 2014 and January 2015 the total mean compensation for all IT Professionals has increased from $79,352 to $81,583.
This puts overall compensation back at the levels they were at in January 2008 and 2007; in mid-sized enterprises, the mean total compensation for all positions has increased by 3.23% from $76,198 to $78,656; and in large enterprises, the median compensation has risen from $83,197 to $84,550.
CIOs compensation has moved up (2.28%) in larger companies and slightly less (2.15%) in smaller and mid-sized companies in the past 12 months. The mean compensation for CIOs in large enterprises is now $185,359 and $175,205 in mid-sized enterprises, median CIO tenure has increased from 4 years and 3 months to 4 years and 4 months. In companies of all sizes fewer CIOs have changed jobs in the last 12 months than in prior years, and positions in highest demand are all associated with the quality control, BYOD implementation, capacity planning and service level improvement.
The study also found over the long term IT executives have fared better in mid-sized companies than large companies, In mid-sized companies IT executive salaries have recovered all of the losses sustained in the recession and in some cases exceeded prior highs, in large companies IT executive salaries are where they were in 2008, cost control is still the rule of the day; however we have seen an increase in the number of "part-timers" and contractors who are focused on particular critical projects, on shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs, a number of enterprises are moving help desks and data center operations in-house which has resulted in an increase demand for data center managers, and mandated requirements for records management systems and electronic medical records have increased the demand for quality control staff and custodians (librarians) of mechanized records.Lastly, companies are continuing to refine the benefits provided to full time IT professionals. Though benefits such as health care are available to 80%, IT professionals are now paying a greater portion of that cost.
The survey can be ordered by going to http://www.e-janco.com/session/catalog_items.aspx?catalog=10&detail=1&pos=1