IT Salaries Expected to Grow a Bit in 2013

IT professionals looking for a salary increase may be disappointed unless they are a CIO or other IT executive. CIOs and IT professonals are looking forward to increasing salaries in 2013 after years of very small or nonexistent increases. They may have to wait a bit longer.


According to a recent survey from Janco and eJobDescription.com the increases will be modest and IT professionals can expect to see only small gains in the salaries for 2013.The Janco survey data includes data from more than 249 large companies and 785 mid-sized companies.

 

The 2013 Salary Survey used data compiled from Q4 of last year."Salaries are up 1.98 percent for IT pros in the past 12 months and the big winners are CIOs, especially those in larger enterprises," says Victor Janulaitis, CEO of Janco. Not only are salaries are up, but CIO tenure has gained a month as well, moving up from the previous year's four years and two months to four years and three months. 

 

Here is a summary of the highlights from the survey as presented by Janco:

 

IT compensation has increased by 1.98% in the last 12 months. Between January 2012 and January 2013 the total mean compensation for all IT Professionals has increased from $77,773 to $79,312.  This puts overall compensation back at the levels they were at in January 2008 and 2007.

 

In mid-sized enterprises, the mean total compensation for all positions has increased by 2.39% from $74,016 to $75,784.   In large enterprises, the median compensation has risen from $81,531 to $82,840.


CIOs compensation has increased in the past 12 months – the mean base compensation is higher and bonuses are about the same as received in the prior year.  The mean compensation for CIOs in large enterprises is now $182,210 (an increase of 6.04%) and $165,820 (an increase of 1.6%) in mid-sized enterprises.Median CIO tenure has increased from 4 years and 2 months to 4 years and 3 months.  This is one of the primary drivers for increased compensation for that position.

 


Positions in highest demand are all associated with the quality control, records management, data center operations management.Over the long term IT executives have fared better in mid-sized companies than large companies.
In mid-sized companies IT executive salaries have recovered all of the losses sustained in the recession except for only a few cases.In large companies IT executive salaries are just below what they were in 2008.

 


In 2012 the IT job market grew by 62,500 jobs according to the Bureau of Labor Statistics (BLS) – not enough to employee the number of IT graduates from US universities or to increase demand.

 


Lay-offs seem to have tapered off, however some companies continue to cut the size of the IT organizations.
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.

 


On shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs.A number of enterprises are moving help desks and data center operations in-house which has resulted in an increase demand for data center managers.

 


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 IT professionals. Though benefits such as health care are available to 82%, IT professionals are now paying a greater portion of that cost.

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Bill has been a member of the technology and publishing industries for more than 25 years and brings extensive expertise to the roles of CEO, CIO, and Executive Editor. Most recently, Bill was COO and Co-Founder of CIOZone.com and the parent company PSN Inc. Previously, Bill held the position of CTO of both Wiseads New Media and About.com.

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