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Press Clippings
   
IT Salary Survey: Janco Associates, Inc.
by
DM Review
Editorial Staff
July 1, 2003
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The results of the June 2003 IT Salary Survey
and 1996 to 2003 Comparative IT Salary Survey have been release by Victor
Janulaitis, CEO of Janco Associates.
There is good news; the deflationary spiral of
IT compensation which has lasted for four quarters seems to be over. Since the
end of the Gulf War, salaries have stopped falling and “some” enterprises are
planning on new hiring. Janulaitis said, “For new hires enterprises are opting
for senior experienced staff. This is resulting in increased demand for
professionals with more than five years experience.”
Study findings are:
- The mean salary for all positions surveyed in
large enterprises has moved up to $80,030 in the second quarter of 2003 from
$78,687 in the last quarter of 2002. At the same time in mid sized
enterprises the median compensation has moved up to $75,769 from $72,619.
- For comparable positions, the median
compensation of CIOs is now at stabilized at 1998.
- Some of the organizations that had eliminated
training, planning and infrastructure positions, such as change control, are
beginning the process of “limited” restaffing in those areas.
- 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 position.
- Demand is high for in the Internet and
network areas of e- commerce, voice/wireless communication, object
programming, data security and data warehousing as enterprises try to prepare
for the next wave of the new wireless technology.
- Individuals who had planned on retiring in
2003 and 2004 and have seen their retirement portfolio’s shrink in the last
two years are deferring retirement. In interviews, Janco found a significant
number of these individuals have focused on staying employed versus looking
for increases in compensation.
Selected Positions Compensation Analysis
At the same time, there has continued to be an
increase in the benchmark for selected high demand positions within the IT
functions. Figure 1 shows some results.
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Size
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Title
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Prior Total Mean
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Current Total Mean
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% change
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Jan 2003 Benchmark
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Current Benchmark
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% change
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Medium
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Manager - Internet Systems
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$82,500
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$96,628
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17.13%
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$94,875
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$149,259
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36.44%
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Medium
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e-Commerce Specialist
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$66,571
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$76,883
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15.49%
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$80,786
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$119,388
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32.33%
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Large
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Webmaster
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$68,057
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$73,299
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7.70%
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$107,054
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$137,122
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21.93%
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Medium
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Webmaster
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$62,641
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$66,307
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5.85%
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$110,471
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$135,241
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18.32%
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Medium
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Data Communications Manager
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$58,761
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$68,080
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15.86%
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$71,583
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$87,262
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17.97%
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Large
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Database Manager
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$93,047
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$94,639
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1.71%
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$147,123
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$167,310
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12.07%
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Large
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Project Manager - Distributed Systems
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$107,025
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$115,695
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8.10%
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$133,371
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$151,302
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11.85%
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Medium
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Manager - Voice and Data Communications
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$90,457
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$90,892
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0.48%
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$117,904
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$131,930
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10.63%
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Medium
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Object Visual Programmer
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$58,615
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$62,614
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6.82%
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$66,165
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$73,997
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10.58%
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Medium
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Average All Positions
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$72,619
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$75,769
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4.34%
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$ 108,069
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$ 111,933
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3.58%
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Large
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Average All Positions
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$78,687
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$80,030
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1.71%
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$ 108,942
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$ 109,975
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0.95%
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Figure 1: Benchmark
Comparisons
Total Mean – The “mean” of total
compensation - bonuses and fringe benefits.
Prior Benchmark – Benchmark published in our prior study
Current Benchmark – The total compensation required to obtain /
retain top performers
Benchmark Total Compensation
The total benchmark compensation for CIO and
other top-level positions has continued its downward trend (see Figure 2).
However the data shows that this trend is starting to reverse itself.
Figure 2: Compensation Benchmarks
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