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IT Salary Survey Benefits Provided
Are you paying too much or too little to your IT staff? Do you have IT job descriptions? Are you earning what you're worth? Whether employer or employee, it is important to know what other companies are paying in total compensation for a similar position in your area. Learn how your company compares in the area of compensation.
The Janco Associates, Inc. salary survey draws on data collected throughout the year by extensive internet-based and completed survey forms sent to businesses throughout the United States and Canada. Our database contains over 50,000 data points
The compensation study (over 155 pages in PDF or WORD and EXCEL with the data) can be ordered here.
Fringe Benefits for IT Professionals
Companies have started to cut back on the fringe benefits provided to IT Professionals. For example in January of 2008 95% of IT professionals had health insurance supplied by their employers while in June 2009 only 88% did. A full historical comparison of trends in benefits is included with the full version of the Janco IT Salary Survey.
IT Fringe Benefit and Salary News
Most firms have not defined mobability policies
Policies defined the rules of the road for mobile computing yet only one in five organizations have them defined and implemented according to Janco Associates. This lows rate of definition is driven by smaller to mid-sized firms as almost half of all large firms have mobility policies defined.
When a CIO or an IT Executive takes over a new job one of the greatest challenges is to quickly validate that the infrastructure that is in place. Would it not be nice to have some tools that could be use to quickly put proven world class policies in place with minimal effort. That is what the CIO IT Infrastructure Policy Bundle does.
The mobility policy template address all areas related to mobility: mobile devices (including procedures for lost devices), mobile applications including consideration for approved applications for business use), and data in mobile environments (including policy for using public Wi-Fi networks).
- more infoMobile workers to drive IT
By 2015,
the world's mobile worker population will reach 1.3 billion, representing 37.2
percent of the total workforce, according to an updated forecast from an IT
analytics firm. The report projects the most significant gains will again be in
the emerging economies of Asia/Pacific thanks to continued, strong economic
growth. The Americas will experience a slower growth rate due to a protracted
economic recovery and high rates of unemployment, the analysts
concluded.
This bundle contains the following policies:
- CIO IT Infrastructure Policy Bundle
- Backup and Backup Retention Policy
- Blog and Personal Web Site Policy
- BYOD Policy
- Incident Communication Policy
- Internet, e-Mail, Social Networking, Mobile Device, Electronic Communications, and Record Retention Policy
- Mobile Device Access and Use Policy
- Outsourcing Policy
- Record Management, Retention, and Destruction Policy
- Sensitive Information Policy (HIPAA Compliant)
- Service Level Agreement (SLA) Policy Template with Metrics
- Social Networking Policy
- Telecommuting Policy
- Travel and Off-Site Meeting Policy
- Electronic Forms
More workers stop looking for work
Industries and occupations related to health care, personal care and social assistance, and construction are projected to have the fastest job growth from now until 2020. Total employment is projected to grow by 14.3 percent over the decade, resulting in 20.5 million new jobs. Despite rapid projected growth, construction is not expected to regain all of the jobs lost during the 2007-12 recession. The bad news is that the number of individuals dropping out of the job market continues to increase and the Labor Participation Percentage continues to fall.
http://www.ejobdescription.com/IT_Salary_Survey.html
IT pros are reeling from a one-two punch brought on by the sustained economic crisis: Organizations of all stripes have reported deep cuts to their training budgets in recent years, and they have held off on initiatives that would have given workers a way to learn new technologies.
At the same time, technological evolution continued at its breakneck pace. Janco and eJobDescription 2012 Salary Survey found that the skills related to emerging technologies, such as mobile, wireless and communications systems, cloud computing and Web security, enjoyed the biggest year-over-year increases in demand among IT managers who plan to hire in the next 12 months.
On top of that, hiring managers say they want people with the basic tech skills that have always been required, as well as business acumen, communication skills and customer service abilities.
- more infoFinding a job - social media implications
So it is wise to make sure you've got your social media ducks in a row before you begin a job search. What you say on Twitter could haunt you. Organizations are recognizing that their attraction and retention of top talent is what will propel them to the top. There is a tremendous opportunity for companies worldwide to put their people intelligence to work to create positive, profitable business outcomes.
- more infoWhat is the jobs picture?
The Bureau of Labor Statistics (BLS) has released its biennial
employment forecasts, and this year's report has some good news for IT workers. The
agency predicts that employment in all computer-related fields will grow 22
percent through 2020. Some job titles will do even better, for example software
developers (28-32 percent growth), database administrators (31 percent growth),
and network and systems administrators (28 percent growth).
While the forecast looks good, some experts say the U.S. IT job growth isn't as high as it needs to be. Victor Janulaitis, CEO of research firm Janco Associates, characterized the IT job growth as "anemic," saying, "When you consider the overall demand for systems and applications in high-growth markets like China and India, [the BLS projections] mean the U.S. will be doing a diminishing portion of the development and implementation work. If that's the case, the U.S. will no longer be the leader in IT."
He added, "The BLS projections are a bad sign for the U.S. IT graduates from universities. Those numbers do not cover the net growth necessary to give all of the graduates jobs."
- more info
BLS forecast is for anemic IT job growth
The U.S. Bureau of Labor Statistics (BLS) forecasts that offshoring will hurt the growth of U.S. programming jobs in over the rest of this decade, though expansion of healthcare IT and mobile networks will in turn increase demand for software developers, support technicians and systems analysts.
By 2020, employment in all computer occupations is expected to increase by 22%, but some IT fields will fare better than others, according to the BLS biennial update of employment projections.
Demand for software developers will be the strongest in this period, with increases ranging from 28% to 32%, depending on the type of software development.
The agency's forecasts, particularly for technology-related jobs, are often controversial because they can't account for rapid market changes and tech disruptions. But its estimates are often cited in various policy debates on issues ranging from education to immigration.
The IT employment growth rate projected by the BLS was characterized as "anemic" by Victor Janulaitis, CEO of Janco Associates, a research firm that analyzes IT wage and employment trends.
"When you consider the overall demand for systems and applications in high-growth markets like China and India, [the BLS projections] mean the U.S. will be doing a diminishing portion of the development and implementation work," said Janulaitis. "If that's the case, the U.S. will no longer be the leader in IT.
"The BLS projections are a bad sign for the U.S. IT graduates from universities. Those numbers do not cover the net growth necessary to give all of the graduates jobs," Janulaitis added.
- more info
Outsourcing via offshoring is costing jobs in the US and Europe
Offshoring continues to shrink the number of IT jobs, but in 10 years
companies will run out of jobs to offshore, study says
Offshoring is
negatively impacting the number of IT jobs in large corporations. A management
consulting firm examined services occupations in finance, human resources,
procurement, and IT. They found that only 4.5 million of the 8.2 million jobs in
these fields that existed in the U.S. and Europe at the start of 2002 will still
exist in 2016.
Of the 1.8 million IT jobs at the companies represented in survey about 270,000 jobs in the U.S. and Europe will be moved offshore between now and 2016. The U.S. share accounts for about half of the total jobs lost, or 135,000. By 2016 the firm estimates that 1.8 million IT jobs in North America and Europe at large companies today will have declined to about 1.5 million, despite the growth of many of these companies.
This decline in IT jobs reflects decisions to buy IT services, in the form of
cloud-based services. But the IT industry, which has been seeing employment
growth, will still move some of those jobs moved offshore.
Microsoft say cloud will generate 14 million job internationally
Implementation of cloud services will create 14 million jobs internationally by 2014, with the greatest increases occurring in emerging markets, which are not constrained in deploying cloud systems by legacy infrastructure, according to a new study from Microsoft.
China and India alone could create up to 6.8 million new jobs related to the cloud, the study found. Because many of the businesses in these emerging markets are young, they aren't bound by the "Legacy lag" -- as the study calls it -- that could be holding back cloud adoption at larger enterprises around the world.
- more infoIBM lays off over 1,200 employees in US and Canada
According to an IBM employee organization, reports and
independent sources, IBM has laid off more than 1,000 employees with some
estimates going as high as 1.200 or more in the U.S. and Canada
According to an IBM employee organization, reports and independent sources, IBM has laid off more than 1,000 employees with some estimates going as high as 1.200 or more in the U.S. and Canada.
Some industry experts say that the layoffs in the U.S. are part of an IBM strategy to limit the number of Big Blue employees in the U.S. in favor of lower-cost workers in emerging countries.
IBM, which employs more than 425,000 people around the world, in 2009,
stopped releasing figures on the number of employees it has in each country. In
2009, IBM listed 105,000 employees in the U.S., down from nearly 134,000 in
2005. Now, Alliance@IBM estimates that in 2011 IBM employed 98,000 workers in
the U.S.
Younger workers are different
A recent study discovered some key trends about millennials and how they view technology and workplace IT departments. The study found that younger workers:
- Have very high expectations when it comes to getting a response regarding support calls
- Prefer interactions with IT beyond just calling the helpdesk, including email, chat, and texts
- Will typically research problems on their own (either before calling IT or while waiting for a response)
- Tend to work outside of typical business hours and off premises
- Will develop their own solutions and processes with the tools at their disposal, including consumer-oriented cloud services and personal devices
- Value working collaboratively with colleagues within their organization and beyond it
- Are often willing to share knowledge about solutions provided to them by IT and solutions and processes they develop on their own
Certifications are not highly valued by CIOs
While some staffing firms report that IT salaries are growing according to Foote Partners, has been observing a different trend. They are in agreement with data that has been publsihed by of Park City, UT and eJobDescription.com.
Foote says pay premiums for 82 specific technical skills and 88 different technical certifications have been dropping for a year. Premiums are the extra cash companies sometimes pay to full-time employees or contractors on top of their annual salaries or hourly rates in order to acquire a specific, desired skill or certification.
The value of IT certifications has been sliding for five years. Meanwhile, pay premiums for technical skills began falling at the end of 2010, after 20 consecutive months of increases. The dip in demand for technical skills and the corresponding drop in pay premiums for them represents a "correction" in the way IT leaders are structuring their IT organizations, and consequently, in the way they value various skills.
In short, according to Foote's assessment of the market, IT leaders see technical skills and certifications as a dime a dozen, and thus, not worth paying premiums to acquire. Moreover, IT leaders are not necessarily looking for pure technical skills as they re-staff their IT departments, undertake new projects and focus on innovation. Tech skills are third, fourth, and fifth on their lists of desired skills according to Foote.
- more infoIT hiring trends
As the economy's recovery and corporate earnings improve, business across North America are reinvesting in IT projects that were put on hold through the recession. The industries with the strongest growth, including technology and health care, are adding the most IT jobs today, and the IT positions in demand today are a combination of those directly related to profit drivers (product and service development) and back-office operations (such as networking and database administration), a positive indicator for the economy overall.
The distribution of the employment opportunities metro areas across the country confirms that IT job growth is not confined to those areas traditionally considered IT job markets such as Silicon Valley. The Metro areas with the greatest opportunities for IT professional are:
- Minneapolis (Overall Unemployment: 5.1%)
- Salt Lake City (Overall Unemployment 5.4%)
- McLean, Va. (Overall Unemployment: 5.5%)
- Boston (Overall Unemployment: 5.7%)
- Houston (Overall Unemployment: 7.6%)
- San Francisco (Overall Unemployment: 7.6%)
- Walnut Creek, Calif. (Overall Unemployment: 7.6%)
- Denver (Overall Unemployment: 7.9%)
- Toronto (Overall Unemployment: 8.5%)
- New York City (Overall Unemployment: 9.0%)
- Jacksonville, Fla. (Overall Unemployment: 9.5%)
- Orlando (Overall Unemployment: 9.7%)
- Detroit (Overall Unemployment: 10.7%)
IT drives company success
Top-performing companies are top performers in IT, too. Enterprises ranking in the highest quartile for annual revenue, growth, profitability and innovation, and with revenue growth of more than 5% in the past year are better at measuring data, interacting with customers via mobile tools, and mobilizing applications to the cloud, among other things.
"Raising a firm's digital IQ means improving the way it leverages technologies and channels to meet customer needs," says a principal at PwC. "The core of the ecosystem for innovation has moved from inside the firm to out in the marketplace. Customer and employee expectations are being shaped by this environment -- if you miss this trend you will be increasingly irrelevant to the market."
- more infoParticipate in IT Salary Survey
