IT compensation and hiring slows according to the latest IT Salary Survey
Mean Compensation for all IT Pros is up by 4.35% in year to year comparison - Middle Managers in mid-sized companies fared the best
Mid-year 2018 IT Salary Survey by company size and metro area. The researcher has conducted salary surveys of the IT Job market since 1989. The data from this survey has been published in the Computer Industry Almanac, the Wall Street Journal, the New York Times, eWeek, and many other business and industry publications. In addition over the years it has been featured on CNN, the Wall Street Journal, and several national and international media outlets.
IT Salaries are on the rise. As the general economy improves more companies are investing in information technology. The emphasis over the past several years is in both e-commerce and mobile computing. At the same time with the ever-increasing cyber attacks and data breaches, CIO are looking to harden their sites and lock down data access so that they can protect all of their electronic assets.
Added to that in an ever-increasing array of mandated requirements from the EU with GPDR and US federal and state requirements to protect individual users' privacy. All of these factors increase demand for experienced IT Pros and salaries they are paid.
The salary survey is updated twice a year; once in January and then again in July. The researcher not only looks at base salaries, they also report on total compensation. How survey is conducted is described here.
The 2018 Mid-Year Compensation 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. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. The report is over 84 pages long and the data is provided in PDF format.
The 2018 Mid-Year IT Compensation Survey (PDF/Excel) provides not only the full report plus the summary data in a EXCEL worksheet. The excel data provided includes median by city and a national BENCHMARK.
The draws on data collected throughout the year by extensive internet-based and completed survey forms sent to businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. The report is over 84 pages long and the data is provided in PDF and EXCEL formats.
Fringe Benefits Summary
Fringe Benefit Analysis
COMPENSATION AND IT JOB MARKET TRENDS
BLS IT Compensation Analysis
Mean Compensation IT Executives
US Federal Government Compensation Cap
Highly Paid CIOs
NATIONAL UNEMPLOYMENT RATE
CHANGES IN DEMAND FOR IT PROFESSIONALS
IT Job Family Classification
Job Description Structure
SUMMARY SALARY SURVEY DATA
STATISTICS PRESENTED BY CITY
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. Data is as of June 2018.
- In the last 12 months compensation for IT executives have fared better in mid-sized companies than large companies.
- Executive IT compensation across all organizations has increased. The mean compensation for CIOs in large enterprises is currently $161,391 (up 3.15%) and $141,072 (up 4.07%) in mid-sized enterprises.
- The greatest increases have been at the staff levels in large companies with an increase of 4.97% - most of which can be attributed to increased demand for scarce resources.
- In the last two quarters of 2017, staff level positions in IT organizations of SMB's had the greatest demand for new hires. Companies were gearing up their internal US-based IT organizations pushing IT salaries up by 4.97% (from $72,403 in 2017 to $76,003 in 2018).
- IT compensation for all IT Professionals increased by 4.35%.
- Median CIO tenure has risen by a month to 4 years and 7 months as fewer CIOs moved on to new positions. In addition, retirements of baby boomers seem to continue at the same rate as the prior year.
- Large organizations are planning to beef up their middle management as those enterprises focus on Big Data, Blockchain and Smartphone and tablet connectivity. In addition, many CIO in larger enterprise are now getting closer to retirement. Succession planning and promotion of Millennials into that role is becoming a priority.
- Positions in highest demand are associated with e-commerce, application development security, big data, distributed/mobile system project management, and quality control.
- Onshore outsourcing and H-1B visa jobs have peaked. The America first campaign has resulted in more infrastructure functions being moved in-house.