IT compensation and hiring accelerates according to the latest IT Salary Survey. Mean Compensation for all IT Pros is up 4.9% since January of last year - Executive Management faired the best
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 January 2020.
- Over 154,000 net new IT jobs were created since January 2018.
- Baby Boomers have shrunk to only 16% of the IT total labor force.
- Between January 2019 and January 2020, the total mean compensation for all IT Professionals increased from $90,116 to $94,535 or 4.9%.
- Last year’s compensation for IT executives in large companies has fared better than mid-size companies with increases that were 5.84% versus 4.62%.
- The greatest increases in compensation were for IT Professionals at the staff levels of mid-sized organizations and executive levels of large organizations.
- In mid-sized enterprises, the mean total compensation for all positions increased from $87,254 to $91,587.
- In the last two quarters of 2019, staff-level positions in IT organizations of SMB's had the greatest demand for new hires.
- In large enterprises, the median compensation rose from $92,979 to $97,484 or 4.85%.
- Some markets like the SF Bay Area, Boston Metro, and Salt Lake areas are suffering significant shortages of qualified IT professionals.
- Technology centers like San Francisco (Bay Area), Atlanta, District of Columbia, New York and Washington State continued to lead the way in new IT job creation.
- Many CIOs and IT professionals have retired. Succession planning and promotion of Millennials into that role is a top priority.
- Large organizations are planning to beef up their middle management as those enterprises focus on Big Data, Blockchain, SEO and Smartphone, and tablet connectivity.
- Onshore outsourcing and H-1B visa jobs have peaked. The America first campaign has resulted in more infrastructure functions being moved in-house.
- New positions were added to the survey as e-commerce continues to expand.
- KPI metrics are now the way performance is being measured.
The compensation study is over 190 pages in PDF and with data in EXCEL.
The data from this 2020 IT Salary 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 television and multi-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 2020 IT Salary Survey is updated twice a year; once in January and then again in July.
- Top Paying IT Positions: Large enterprises tend to compensate IT Professionals more than SMBs.
- IT Positions in Demand: Hiring prospects are looking good for IT Professionals. Many enterprises are looking expand the size of the IT function as the economy continues to recover and application development increases along with the use of contractors and consultants.
- Top Paid CIOs: The top compensation for highest paid CIO is over $13 million and that is for Tim Theriault at Walgreen's. From public data it has been have found that there at least 25 CIOs whose compensation 1.9 million and above.
- IT Job Market Size: The IT job market now includes 3.5 million individuals. These are all high salary positions and critical to US economy.
- CIO Tenure
- Median Age of IT Pros
- Fringe Benefits Summary
- Compensation and IT Job Market Trends
- BLS IT Compensation Analysis
- Mean Compensation IT Executives
- Large Enterprises – Executive Salaries
- Mid-Sized Enterprises – Executive Salaries
- US Federal Government Compensation Cap
- Highly Paid CIOs
NATIONAL DATA – U.S.
- National Unemployment Rate
- Labor Participation Rate
- IT Job Market Analysis
DEMAND FOR IT PROFESSIONALS
- IT Job Description HandiGuide
- Job Families
- IT Job Family Classification
- Job Description Structure
SUMMARY SALARY SURVEY DATA
STATISTICS PRESENTED BY CITY
- Large Enterprises
- Mid-Size Enterprises
NATIONAL IT SALARY ANALYSIS BY POSITION
- Executive Management Positions
- Middle Management Positions
- Staff Positions