eJobDescription IT Employment News
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Where are IT Pros Paid More
eJobDescription.com website is the HR for Information Technology management
Top 20 Cities for IT Compensations
Historically the top locations for IT Professionals have been the Silicon Valley, Boston, the the Pacific Northwest (Seattle and Portland). That is changing for a number of reasons. Based on Janco's ccompensation database, the year to year increase in median salaries is depicted by the red line.
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- Where are IT Pros Paid More
IT Job Maket Shrinks by over 44K jobs
IT job market shrank by 44,900 jobs in the first two months of 2023
In the first two months of 2023 465 tech companies let go over 126,057 employees. And 608 tech companies have announced layoffs, affecting 162,541 people (or 2,426 people per day). In 2022, there were 1,535 layoffs at tech companies with 241,176 people let go.
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- IT Job Maket Shrinks by over 44K jobs
Medain Salaries for IT Developers
Compensation for IT Pro and Developers is high
Salaries for IT Pros in demand continues to move up. Based on our salary survey and models for positions in demand we conclude that developers of all types are in the highest demand at the highest salary levels.
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- Medain Salaries for IT Developers
2023 IT Salary Survey by company size and metro area
Salaries are up and and CIOs are now hiring more IT Pros
After failing miserably to keep up with inflation over the past two years, it appears salaries for IT pros are beginning to catch up, according to a new study from Janco Associates.
In 2021, the mean compensation for all IT pros rose just 2.05%, according to a mid-year salary survey from the business consultancy. In 2021, the median salary for IT pros at large enterprises was $100,022, and $95,681 for those at mid-sized firms.
In 2022, however, merit increases for IT pros lept to 5.61%, with the median salary for all IT professionals rising from $95,845 to $101,323. The median salary for an IT executive rose to $180,000.
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- 2023 IT Salary Survey by company size and metro area
CIOs pulling back unfilled job requisitions
CIOs and CFOs react to softening economy
Based on BLS data analyzed by Janco over the last 12 months over 200,000 IT jobs remained unfilled due to a lack of qualified individuals. However the number of unfilled jobs trend line is down as the economy softens and CIOs and CFOs look to control costs and eliminate requisitions for positions that cannot be filled.
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- CIOs pulling back unfilled job requisitions