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Press
Release -
May 12, 2008
   
High Paying Jobs Are Outsourced
Janco and eJobDescription.com has validated that high pay IT jobs are
being outsourced
Park City,
UT – Janco and
eJobDescription.com have confirmed that high pay jobs within the IT
function are targeted as those which are most often targeted for outsourcing
when companies outsource - especially when then outsource outside of the
United States. This information was captured during the data
capture and interview process of the semi-annual IT Salary Survey and a
review of the materials contained within the "Practical Guide for IT
Outsourcing".
According to firms that outsource and/or off-shored IT
operations, Janco found that many high-wage, high-skill jobs that were once
thought to be immune to outsourcing are now being outsourced. Over 25
percent of these enterprises reported high-skill IT jobs are being sent
overseas to third parties
In Janco's 2008 IT Salary Survey they found the
mean compensation for CIOs in large enterprises now is $181,240 and $171,200
for CIOs in mid-sized enterprises.
- The mean compensation (which includes
bonuses) for all executive IT positions
surveyed now is $143,847 in large
enterprises and $128,730 in mid-sized
enterprises. (Large enterprises have over
$500 million in revenue and mid-sized have
are $100 to $499 million in revenue).
- Hiring demand has increased for
executives (especially in mid-sized
enterprises).
- In the last twelve (12) months the
greatest increases in compensation were at
the executive levels of large enterprises.
- CSOs (Chief Security Officers)
executives are in high demand in large as
well as line IT executive management in
enterprises of all sizes.
- The mean compensation for Chief
Information Officers (CIOs) in mid-size
enterprises has decreased with a significant
increase in demand. This typically means
that enterprises feel their existing CIO are
not worth what they are being paid and they
are willing to hire new CIOs at
significantly higher levels of compensation
that will be worth the additional cost.
- The positions in the highest demand are
at the executive levels of mid-size
enterprises with the focus continuing to be
line operations and mandated security
requirements such as Sarbanes-Oxley, HIPAA
and PCI.
- Mid-sized enterprises are searching for
Network Control Analysts, Systems
Programmers, Production Control Analysts,
Change Control Analysts, and Web Analysts.
- In mid-sized enterprises the mean total
compensation has moved risen slightly from
$75,076 to $75,362. At the same time in
large enterprises the median compensation
has also moved up from $80,078 to $81,631.
- Baby boomers’ are now starting to
retire.
- The new target top compensation CIOs now
is over $2,000,000 a year (data source SEC
filings of public corporations) continues to
increase.
  
Janco has collected
consistent data on IT Salary Survey since 1992. The data is
collected from commercial sits which a focus on business to business
activity. Janco has over 350,000 data points for each month of the
study as it continues to expand it client base. Janco anticipates
that it will issue an update to it market share data at the end of the
second
quarter of this year.
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