2024 IT Salary Survey by company size and metro area
Growth of Salaries for IT Pros slows -Just under 2.6% for last 12 months
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IT compensation does not keep up with inflation and hiring slows but still strong
2024 IT Salary Survey by company size and metro area available for immediate download. Janco and eJobDescription.com has conducted salary surveys of the IT Job market over 40 years. The data from this survey has been published in the Computer Industry Almanac, the Wall Street Journal, the New York Times, eWeek, and many other business and industry publications. In addition, over the years it has been featured on CNN, the Wall Street Journal, and several national and international television and multi-media outlets.
Updated with the latest data
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IT Salaries were on the rise. More companies were investing in information technology. The emphasis over the past several years is in both e-commerce and mobile computing. At the same time with the ever-increasing Cyber attacks and data breaches, CIO are looking to harden their sites and lock down data access so that they can protect all of their electronic assets.
Added to that in an ever-increasing array of mandated requirements from the EU with GPDR and US federal and state requirements to protect individual users' privacy. All of these factors increase demand for experienced IT Pros and salaries they are paid.
The salary survey is updated twice a year; once in January and then again in July. Janco and eJobDescription.com not only look at base salaries, they also report on total compensation. How survey is conducted is described here.
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You can get a free copy of the full survey if you provide 10 valid data points and use a corporate e-mail address. Free e-mail accounts like gmail or yahoo do not qualify as we have no way to verify the accuracy of the data provided.
IT Job Market News
Janco CEO quoted in the Wall Street Journal
eJobDescription.com website is the HR for Information Technology management
The CEO of Janco was quoted in the May 6th edition of the Wall Street Journal.
While CIOs typically play that role (CTO - Chief technology Officer), assigning primary technology responsibilities to a CTO could reflect a commitment to integrate technology further into core operations and product, said Victor Janulaitis, CEO of consulting company Janco Associates. "CTOs tend to operate more at the board level and deal with the overall strategy of the business," he said.
AI and Healthcare Systems
HIPAA, AI, and Healthcare Systems
Artificial Intelligence and Enterprise Resource Planning are a process by which an enterprise can integrate all of it applications and data to improve and manage the operations of an enterprise. A job family is a series of progressively higher, related jobs distinguished by levels of knowledge, skills, and abilities (competencies) and other factors, and which provide promotional and compensation opportunities.
AI and cybersecurity positions continued to grow while overall IT unemployment hit a new high of 6% in August.
Throughout the years, there has always been a cyclical nature towards recruiting for support of new and emerging technologies. Whether it was Visual Basic, .Net, EMR support or ERP [enterprise resource planning] support health systems follow the trends. However, health systems often can't afford senior AI specialists. As a result, Health systems typically rely on software vendors for AI solutions rather than building their own so recruiting AI experts isn't as much of an issue.
Health system have been increasing its AI staff very deliberately. In five years, we're going to see a very different level of support and competency in health systems data and analytics, advanced analytics and AI, relative to standard analytics or basic application support and infrastructure.
HIPAA and AI Job Description Bundle
The skills required to design, develop, implement, and manage these applications is defined in the 26 job descriptions in this bundle. The included job descriptions are: Vice President Strategy and Architecture, Chief Artificial Intelligence Officer, Chief Experience Officer, Project Manager Artificial Intelligence, Project Manager, ERP
Project Manager Enterprise Architecture, Artificial Intelligence Architect, Artificial Intelligence Developer, ERP Architect, Enterprise Architect, ERP Business Analyst
ERP Data Architect, ERP Decision Support Analyst, ERP Developer, ERP Functional Lead, ERP Infrastructure Administrator, ERP Master Data Analyst, ERP Process Owner, ERP Security Administrator, ERP Security Analyst, ERP Subject Matter Expert, ERP Team Lead, ERP Technical Lead, ERP Trainer, Large Language Model Developer, and Large Language Model Engineer.
Which IT Pros are impacted the most by the 5.9% unemployment rate for IT
IT Unemployment rate hits 5.9% - which jobs are impacted the most?
From our interviews, data, and analysis, we see that many organizations are looking to improve their bottom lines. To facilitate that they see that the IT function has some of the highest costs per FTE (full-time equivalents). That includes contractors and consultants. The mean compensation for IT staff now is $103,692 across all organizations. If you add contractors and consultants that number gets closer to $150K.
CIOs are focused on using AI to automate functions like customer support, exception reporting, and routine management of legacy applications. As that occurs the number of FTEs is reduced. To accomplish that CIOs need to hire or retain consultants/contractors who can "quickly" develop and deploy AI/ML solutions. E-commerce and B2B linkages are areas of particular focus. Individuals with those skills and experience are in high demand and quickly find jobs. Traditional legacy IT pros are another case and the high unemployment rates hit them directly.
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IT Pro unemployment rate greater than national unemployment rate
BLS cuts 16K IT jobs from the initially reported in January in addition to 53,200 cuts made in January
The overall unemployment rate for IT pros in February fell to 4.3% from 5.5% in January. Also, the number of open unfilled IT positions rose from 154,000 to 211,000. This data implies hiring IT Pros could be on the upswing, but needs to be tempered as the IT unemployment rate of 4.3% is still higher than the overall US unemployment rate of 3.9%.
Demand High for C-Level IT Pros
Median Salary over $209K
As technology takes a leading role in many enterprises there are now twelve c-level titles that are appearing within many World-Class IT functions. . The most frequently seen position titles are:
Chief Information Officer (CIO)
Chief Information Officer - Small Enterprise or SBU (CIO)
Chief Artificial Intelligence (CAIO)
Chief Compliance Officer (CCO)
Chief Data Officer (CDaO)
Chief Digital Officer (CDO)
Chief Experience Officer (CXO)
Chief Information Security Officer (CISO)
Chief Mobility Officer (CMO)
Chief Product Officer (CPO)
Chief Security Officer (CSO)
Chief Technology Officer (CTO)
