IT job market improves with 34,200 jobs added and average IT salaries edging up to $82,775
The slump in IT Job market growth was reversed in June almost erasing all of the IT jobs lost in May
Park City - UT - e-janco.com - IT job market improves with 34,200 jobs added and average IT salaries edging up to $82,775 - IT job market improves with 34,200 jobs added - Janco's latest IT Salary Survey has been released and along with its analysis of the latest employment data from the BLS shows the IT job market has reversed most of the losses in IT jobs which occurred in May. In addition, the Mid-Year 2016 IT Salary shows that the median salary for IT professionals now is $82,775.
The CEO of Janco, M.V. Janulaitis said, "The trend in the creation of new IT jobs Janco's continues to below last year's. However, there was a significant rebound from the prior months IT job market growth's moving average to a 0.44% from a negative 0.51% growth rate (a +0.95% favorable move). "
Janco interviewed over 75 CIOs in the last several weeks as part of its semi-annual salary survey ( https://e-janco.com/salary.htm ) data collection process. CIOs are not as optimistic this year as at the same time last year. A preliminary hiring forecast by job levels within the IT function shows that long term hiring plans for both IT Staff and "contractors/consultants" is flat.
The CEO added, "There could potentially be a net decrease in the size of the IT Job Market in 2016. We have already adjusted our best case forecast for net new IT jobs for the balance of this year and have changed our forecast to an estimated net new IT job to be created to 76,500. " He added, "Many companies are cutting back on contractors and consultants. They are new jobs being created in the application development sector of the IT job market. We feel this trend will continue until the November election in the US and through the 4th quarter of this year. "
Janco interviewed over 96 CIOs in the last several weeks as part of its Mid-Year 2016 IT Salary Survey ( https://e-janco.com/salary.htm ) data collection process. CIOs are less optimistic this year as at the same time last year. A preliminary hiring forecast by job levels within the IT function shows that long term hiring plans for both IT Staff and "contractors/consultants" is flat.
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The CEO also said, "On the plus side, CIOs report that CFOs are not completely adverse incremental spending for IT related activities that have operational support and have a good ROI. We have found no IT initiatives that are being approved to upgrade technology for the sake of IT's desire to have the latest new thing. "
In the last three (3) month the IT Job market shrank by 3,900 jobs. This chart is not the originally published one, rather it is updated with the current data based on the analysis by Janco Associates, Inc. For the latest IT Employment Data click here. Subscribe to our Newsletter to get this information delivered to your inbox as soon as it is released. SUBSCRIBE
Janulaitis said, “A dark cloud is the upcoming election. With one candidate there is the specter of higher taxes (slowing the economy) and with the other is the uncertainty of what they will do and the resulting action from both the economy and our trading partners. In any case, hiring plans are flat for most IT positions and dependence on contractors and consultants is being reduced as an on-going cost reduction continues.”
Janco interviewed over 96 CIOs in the last several weeks as part of its Mid-Year 2016 IT Salary Survey ( https://e-janco.com/salary.htm ) data collection process. CIOs are less optimistic this year as at the same time last year. A preliminary hiring forecast by job levels within the IT function shows that long term hiring plans for both IT Staff and “contractors/consultants” is flat.
The CEO also said, “On the plus side, CIOs report that CFOs are not completely adverse incremental spending for IT related activities that have operational support and have a good ROI. We have found no IT initiatives that are being approved to upgrade technology for the sake of IT’s desire to have the latest new thing.”
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Janco is an international consulting firm that follows issues that concern CIOs and CFOs. The firm publishes a series of IT and business Infrastructure HandiGuides® and Templates including IT Infrastructure Policies and Procedures, Disaster Recovery/Business Continuity Template, Security Template, IT Job Descriptions, and its semi-annual IT Salary Survey.
