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CIOs who make over $1 million dollars now are common

August 12th, 2014

Janco Associates has reviewed the compensation for hundreds of CIOs and has identified 29 CIOs who made over $1,000,000 in 2013.In comparing this list with last year's, Janco found that most of the CIOs on the 2013 have maintained their high compensation levels with increases in both base and "other" compensation.  Those that have left the list have retired (2), been promoted (1), or left (for a new opportunity / been terminated) (5). Even on this current list there are 3 CIOs who are no longer with these companies.

Top 30 CIO Compensation List

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IT Job Market News - Recent Articles

August 6th, 2014

IT Job Market News - Recent Articles

  1. IT Job Market Growth Slows in August IT Pros face a mixed job market with a net gain of only 12,400 IT jobs in August – versus the 13,600 jobs added in...
  2. IT Job Market Growth Slows IT job market growth slows to 5,700 in February from 9,800 in January according to BLS data says Janco Even with the unemployment rate falling...
  3. IT Job Growth Slows, Though CIOs Anticipate Hiring Next Year IT Job Growth Slows, Though CIOs Anticipate Hiring Next Year Both the New York Times and Janco Associates have say that the job market is...
  4. CIO confidence wanes – Hiring slows CIO worries — IT job market growth continues to slow from 9,800 jobs in January and 5,500 jobs in February to 5,400 in March –...
  5. IT Job Market is Stagnant IT Job Market Shows Few Signs of Growth The latest BLS unemployment rate has gone down, but so has the job participation rate which fell...

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Microsoft employees' opinion of CEO Satya Nadella falls

July 28th, 2014

Microsoft employees' opinion of CEO Satya Nadella Falls

Satya Nadella, Microsoft's CEO  approval in June, before the company's biggest-ever layoff, was high enough to place him in the top 30 of U.S. chief executives. After the job cuts his approval rating has fallen significantly.

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IT Employment News - Current Postings

July 16th, 2014

IT Employment News

  1. Top 10 issues for CIOs in 2014  Top 10 issues for CIOs in 2014 The top 10 issues that CIOs need to address in 2014 are driven by the current economic and...
  2. IT Staff Turnover Rates at Very Low Levels  IT Staff Turnover Rates at Very Low Levels In a recent level news story in ComputerWorld it was reported that the Society for Information Management...
  3. Employee Recognition as a Motivator  Employee recognition should be a critical component of a company’s culture and employee motivator. On average 1-2% of payroll is spent on awards and programs...
  4. Top 10 steps to an effective IT organization  Top 10 rules of the road for CIOs when creating IT organizations Top 10 rules of the road for CIOs as they build a modern...
  5. Top 10 CIO Productivity and Budgeting Issues  CIO – Productivity Kit The best companies, and their CIOs, recognize the importance of ready access to the right information to drive the right choices...

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Mid-Year 2014 IT Salary Survey Released

July 1st, 2014

Janco conducts an I.T. salary survey twice a year in conjunction with eJobDescription.com. The new survey includes data from 256 large and 808 mid-sized organizations contacted during the second quarter of 2014.

Salaries have not increased significantly and neither has the number of I.T. jobs, the survey finds. Although companies added 32,200 jobs in the first half of 2014, that’s less than the 36,500 jobs added during the same period in 2013. Total employment in the I.T. sector has surpassed where it was before the 2008 recession but still lingers below the industry-high levels in 2000.

IT Median Salaries Mid-Year 2013 vs. Mid-Year 2014

Historic versus current salaries IT Professionals

The report also highlights the highest-paid I.T. professionals. This year, Facebook’s chief technology officer Michael Schroepfer tops the list with a total compensation package of $12.5 million. That’s down from $20 million he earned in 2012, according to the company’s financial filings.

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Cloud a mixed bag for CIOs and IT Professionals

May 12th, 2014

Cloud OutsourcingA major research firm recently estimated that the number of cloud-related IT jobs in North America would grow 22% per year from 2012 to 2015, with the total number of positions reaching 2.7 million. The research firm published that finding in a report titled “Climate Change: Cloud’s Impact on IT Organizations and Staffing.”

They found that cloud computing could become the key infrastructure model for computing by 2030.  Other findings include

  • 50% of CIOs felt cloud computing was a high IT priority.
  • 66% of CIOs are planning, implementing, or using cloud computing in some fashion.
  • 75% of CIOs have security, access, or data control concerns with the public or private implementation of cloud computing.
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High Unemployment States Job Market Improves Slightly

April 23rd, 2014

High unemployment states for the most part have improved. In March, the West continued to have the highest regional unemployment rate, 7.2 percent, while the South again had the lowest rate, 6.0 percent. Over the month, only the Midwest had a statistically significant unemployment rate change (-0.1 percentage point). Significant over-the-year rate declines occurred in all four regions: the South (-1.2 percentage points), Northeast (-1.1 points), West (-1.0 point), and Midwest (-0.8 point).

States with High Unemployment

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H-1B Visas taken up by outsourcers

April 1st, 2014

Offshore outsourcing companies continued to make up the majority of the top H-1B visa users in 2013, according to new government data. These offshore firms have been adding employees by the thousands as their revenues increase. Infosys (India based) led the list in 2013 with 6,298  visas approved, just edging out Tata (India based) which had 6258 visas approved last year.  Cognizant, a New Jersey-based IT services provider with major operations overseas, led the list in 2012 but dropped to 3rd. The company had 5,186 visas in 2013 versus 9,281 visas approved in 2012 versus 5,095 in 2011.

H-1B Visas

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Employment News Digest - IT Job Market Not Positive

March 21st, 2014

Employment Digest

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  1. CIO confidence wanes – Hiring slows  CIO worries — IT job market growth continues to slow from 9,800 jobs in January and 5,500 jobs in February to 5,400 in March –...
  2. IT Job Market News – CIO confidence wanes  IT job market growth slows from 9,800 jobs in January to 7,900 in May – 87,600 jobs added in the last 12 months… CIO confidence...
  3. CFOs Sour on US Economy – IT Hiring Anemic in November  CFOs and CIO drive Anemic IT Hiring Trend in November IT job market growth is only 400 job in November, 4,300 in the last 3...
  4. IT Job Market Growth Slows  IT job market growth slows to 5,700 in February from 9,800 in January according to BLS data says Janco Even with the unemployment rate falling...
  5. IT Job Market Improving?  Some say the IT Job Market is improving from the 2009 slump IT Job Market Improving?  An on-line job portal, Dice says IT degree graduates...

IT Hiring Trend

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Career planning is critical for IT Pros

March 17th, 2014

Given the nature of technical work and technical people, most generic career advice is close to useless. And too much of it is just plain unrealistic. You don't need yet another list of 24 things you can do to advance your career.

No one has time to focus on that many things, and honestly, most of them make little difference. It's better to select the one essential thing that will make a big difference and focus on that exclusively.

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