IT Professionals Salaries and Hiring Flat According to 2012 IT Salary Survey
The Salary Survey, just released by Janco Associates, is mixed news for IT Professionals.
The survey shows that hiring and salaries are up in some sectors of the IT job market, salaries have stopped falling and for selected positions there has been an increase in compensation.
The Salary Survey, just released by Janco Associates, is mixed news for IT Professionals. The survey shows that hiring and salaries are up in some sectors of the IT job market, salaries have stopped falling and for selected positions there has been an increase in compensation. The CEO of Janco, Victor Janulaitis stated, “Our main conclusion from analysis of the data and interviews of CIOs is that for Information Technology the recession has bottomed out for and that hiring of IT professionals will increase in 2012.” Mr. Janulaitis also said, “However there still are a number of companies who are continue to be cautious and are concerned that the recovery will not be strong enough to support increased IT spending.” He added, “Cost control is still the rule of the day; however, we have seen an increase in the number of part-timers and contractors who are focused on particular critical projects. This is strong indicator that IT hiring and salaries will go up in 2012.”
Earlier Janco Associates reported that there was a net loss of 300 IT jobs in December according to the latest BLS data. The primary driver was the telecommunications sector (4,100 jobs lost) while jobs were gained in Other Information services (1,300 jobs added), Data Processing and Hosting (2,000 jobs added), and Computer System Design and Related Services (500 jobs added).
Summary Janco 12 month comparisons show that mean compensation (which includes bonuses) for all IT executive positions in large enterprises surveyed is $140,879 (an increase from $140,267 in 2011) and $124,363 (a slight increase from $123,301 in 2011) in mid-sized enterprises. Overall compensation for all IT Professionals has increased from $77,604 to $78,229; in large companies - IT professionals the average salary increased to $81,644 from $81,273; and in mid-sized companies - IT professionals the average salary increased to $74,43 from $73,934. The study also shows that there was a 5% increase in the number of employees receiving personal performance bonuses while there was 4% increase in those receiving enterprise based performance bonuses. Mr. Janulaitis said, “Bonuses are leading indicator that companies are looking for enterprise revenue improvements and want to motivate employees to focus on improving the company’s bottom line over and above everything else.”
Janco has captured IT compensation data since 1996 and publishes its IT Salary Survey semi-annually. A summary of the most recent salary survey can be downloaded by visiting Janco IT Salary Survey at https://e-janco.com/salary.htm.
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