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2011 IT Salary Survey
Janco Associates, Inc, Jan 2011, Pages: 160
Are you paying too much or too little to your information technology staff? 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. Data as of January 2011.
The most striking observations of our latest survey are:
- Some recovery has occurred in compensation and hiring of IT Professionals. The total mean compensation for all IT Professionals has increased modestly by 0.35% to $77,873 from $77,604. This puts overall compensation back at the levels they were at in January 2008.
- Middle manager and non-line IT executives continue to feel a salary crunch.
- Mid-sized enterprises are now starting to hire staff workers with salaries in this sector increasing the most – Mean compensation is up by 1.44% from $61,047 to $61,924.
- Layoffs seem to have tapered off.
- On shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs.
- Cost reduction 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.
- Companies are continuing to reduce the benefits provided to IT professionals. Though benefits such as health care are available, IT professionals are now paying a greater portion of that cost.
- Flexible hours and work schedules are becoming more available as the recovery begins to take hold and is viewed as a low cost high value benefit by both employers and employees.
- CIOs compensation has increased over the last 12 months. The mean compensation for CIOs in large enterprises is now $184,681 (an increase of 1.73%) and $163,106 (an increase of 0.49%) in mid-sized enterprises.
- CIO demand is almost non-existent as companies who were not pleased with their existing CIO have already replace them and incumbents in those positions are reluctant to move with the current economic conditions.
- Mean compensation across all IT professionals has increased by 0.35% (from $77,604 to $77, 873).
-- In mid-sized enterprises, the mean total compensation for all positions has increased by 0.43% from $73,934 to $74,253. This is due to an average increase of 1.44% in the non-management staff levels of those enterprises.
-- In large enterprises, the median compensation has risen slightly from $81,493 to $82,273.
The salary survey draws on data collected throughout the year by extensive interviews, internet-based survey data, and survey forms completed by businesses throughout the United States and Canada.
Methodology for Salary Survey
Below Benchmark Range - Highly impacted by forces of the marketplace
Within Benchmark Range - Subject to the normal forces of the marketplace for similar job functions and responsibilities.
Above Benchmark Range - Not subject to the forces of the marketplace
The Benchmark represents our assessment of the compensation level required for organizations to remain competitive and minimize the risk of losing employees to other organizations.
Reviews were conducted from the standpoint of a comparison o base salary and, when appropriate, from the additional standpoint of total compensation. Total compensation is determined by adding the budgetary bonus amounts and an equivalent cash value for above-standard compensation to an individual's base salary.
The compensation Study data was divided into two categories. Large companies are companies whose gross revenues are equal to or greater than $500MM. Mid-sized companies are companies whose gross revenues are less than $500MM.
Survey Size
The survey size and number of participants was:
Large Companies
-- Number of companies 281
-- Number of data points 24,782
Mid-Sized companies
-- Number of companies 703
-- Number of data points 32,142
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