Victor Janulaitis, CEO of Janco Associates, announced results of its January 2003 IT Salary Survey and 1996 to 2003 Comparative IT Salary Survey. There is good news; salaries have stopped falling and "some" enterprises are planning on new hiring as of January to fill open positions. Janulaitis said, "Enterprises are opting for senior experienced staff. This is resulting in fewer openings for individuals with less than five years experience."
Study findings are:
- The mean salary for positions surveyed in large enterprises has moved to $78,687 from $73,856 last year while in mid-size enterprises it has moved to $72,619 from $66,554. This resulted from the retention of more experienced employees having higher compensation and the elimination of a layer of management.
- For comparable positions, compensation of CIOs is now at 1998 levels as bonuses to IT professionals now are the exception vs. the rule.
- Many organizations have eliminated training, planning and infrastructure positions as CIOs try to retain the employees they need to keep ongoing operations staffed.
- There has been a decrease in the number of layers within IT organizations as well as an increase in the number of direct reports that CIOs and their direct reports have.
- Voice/wireless communication and security positions have been upgraded within many enterprises. Where these positions were lower- to mid-level positions before 2000, in 2003 and beyond these positions are now mid-level to senior- level positions.
- Demand is high for in-the-network areas of voice/wireless communication, object programming, security and data warehousing as enterprises try to prepare for the next wave of wireless technology.
- A large number of individuals in the 50- to 65-year-old range who had planned on retiring and have seen their portfolios shrink in the last two years are now not retiring. In interviews, Janco found these individuals have taken positions that are lower in compensation, responsibility and title in order to stay employed.
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