Mid Year 2023 IT Salary Survey by company size and metro area

Salary Survey Summary

Are you paying too much or too little to your IT staff? Do you have IT job descriptions? Are you earning what you're worth? Whether employer or employee, it is important to know what other companies are paying in total compensation for a similar position in your area. Learn how your company compares in the area of compensation. Data is as of June 2023.

Mean Compensation for all IT Pros in Mid-Year 2022 is $97,480 up by 2.98%

• Median salaries for IT Pros in large enterprises tops 100K with executives' median of $178K
• Salaries for IT Professionals are not keeping up with inflation for staff and middle managers
• Salaries for IT Professionals in aggregate rose just under 3% in the past 4 quarters
• Pandemic has altered the IT Job Market profoundly.  Work From Home is here to say for many IT professionals and many individuals have opted out of going back to their original pre-pandemic employers
• Retirements of IT Professionals have increased as more “Baby-Boomers” opt-out of returning to work
• 116,000 IT professionals were laid-off or terminated because of the Covid-19 shut-downs
• Salary compression is occurring as “new hires” are offered salaries at the top end of the pay ranges for existing positions – often paid more than current employees in the same positions
• Total mean compensation for all IT Professionals increased from $95,628 to $98,480 
• Attrition rates in mid-sized enterprises are rising faster than in large enterprises
• Salary levels are in mid-sized enterprises are rising faster than in large enterprises
• Consultants who augment IT Staff and skills now are in high demand
• Demand has remained highest for IT professionals who support security, Blockchain, Work From Home (WFH), and e-commerce
• Staffing and retention are now a primary priority of C-Level management

Updated with the latest data

If you do not want to purchase the full salary study, you can get just the data (as of January) for a particular city for a fraction of the cost of the full study.

IT Positions in Demand

Hiring prospects are looking good for IT Professionals. Many enterprises are looking expand the size of the IT function as the economy continues to recover and application development increases along with the use of contractors and consultants.

Current IT Hiring Plans

The treat of an economic downturn, inflation, high energy cost, and the continued war in Europe will dampen hiring for IT pros over the the next few quarters.

Based on Janco's interviews and survey data the following positions are in high demand.

Updated with the latest IT Salary Survey Data see IT Salary Survey post pandemic

Fringe Benefits for IT Professionals

Companies have started to adjust the fringe benefits provided to IT Professionals. A full historical comparison of trends in benefits is included with the full version of the Janco IT Salary Survey.

Fringe Benefit Historical Trends

Top Paid CIOs

The top compensation for highest paid CIO is over $21 million and that is for Michael Schroepfer at Facebook. Most of his compensation is tied directly to the stock of his company. From public data we have found that there at least 25 CIOs who's compensation $2 million and above.

The average total compensation for the top 36 highest paid CIO for the year ending 12/31/2021 was $3,600,000 with a base salary average of $510,417. The balance of compensation came from bonus, stock, options, and pension programs.

IT Job Market Size

The IT job market now includes 3.9 million individuals. These are all high salary positions and critical to US economy.

Updated with Latest Data - Includes impact of recovery from reopening

Historic IT Job Market Size

Data complied by Janco Associates with data as of May 2023