IT salaries remain flat as demand dries up for IT Pro
2016 IT Salary Survey shows that salaries for IT Pros up only 1.39% as demand for IT pros wanes
Park City - UT - e-janco.com - IT Salaries Flat for last 12 months - The IT Salary Survey, just released by Janco Associates and eJobDescription.com, is not great news for IT Professionals. The survey shows that hiring has slowed and that salaries are static for IT positions in most North American metropolitan areas with only 1.39% rise in the past 12 months.
The CEO of Janco Associates, Mr. Victor Janulaitis said, "2015 started out with great expectations for the IT job market as demand was high and IT budgets were scheduled to increase significantly. Unfortunately, that is not how the year ended. "
Findings from Janco's 2016 IT Compensation Study are:
- IT compensation for all IT Professionals has increased by 1.39% in the last 12 months.
- Between January 2015 and January 2016 the total mean compensation for all IT Professionals has increased from $81,583 to $82,483.
- In large enterprises, the median compensation has risen 1.48% from $83,872 to $85,110.
- In mid-sized enterprises, the mean total compensation for all positions has increased by 1.29%% from $78,838 to $79,856.
- In general, staff level IT position have not seen much pay fluctuation over the past eight years.
- CIOs compensation across all organizations has shown another increase. The mean compensation for CIOs in large enterprises is now $189,672 (up 2.33%) and $174,124 (up 1.21%) in mid-sized enterprises.
- Media CIO tenure has remains at 4 years and 4 months.
- In 2015 the IT job market grew by 125,700 versus 129,400 in 2014 and 74,900 and 62,500 in 2013 and 2012 respectively according to the Bureau of Labor Statistics (BLS).
- Technology centers like San Francisco (Bay Area), Chicago, Atlanta, District of Columbia, New York and Washington State continue to lead the way in new IT job creation.
- Positions in highest demand are all associated with security, training, large data center management, distributed/mobile system project management, quality control, BYOD implementation, capacity planning and service level improvement.
- Over the long term IT executives have fared better in large companies than mid-sized companies.
- On shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs.
- Mandated requirements for records management systems and electronic medical records have increased the demand for quality control staff and custodians (librarians) of mechanized records.
- 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.
Janco has compiled IT compensation data since 1996 and publishes its IT Salary Survey semi-annually. The IT Salary Survey is based on Janco's IT professionals' compensation database. A summary of the most recent salary survey can be obtained by visiting Janco IT Salary Survey at https://e-janco.com/salary.htm.
Janco is an international consulting firm that follows issues that concerns CIOs and CFOs and publishes a series of IT and business infrastructure HandiGuides® and Templates including a Disaster Recovery/Business Continuity Template, Security Template and IT Salary Survey.