IT Salaries Stop Falling, Hiring Picking Up, Says Janco
June 28, 2010 Timothy Prickett Morgan
IT salary watcher Janco Associates has just finished up its mid-year 2010 IT salary survey and it looks like the IT jobs situation is improving a bit.
According to the latest survey, which was collected in June at over 300 companies that participate in the company’s data gathering, in the United States, hiring at IT shops is picking up in some sectors of the economy, average salaries have stopped falling, and in some positions in the data center salaries have actually gone up.
Victor Janulaitis, who is the chief number cruncher at Janco as well as the owner of the business, says that in larger companies, CIOs have been given the “yellow light” to start looking ahead at their IT project backlog and think about what positions they need to fill to tackle those jobs. Midrange shops, however, are still a bit fearful about the economy and are not as gung-ho about increasing their IT budgets just yet. Across all businesses surveyed, the general consensus is that the economy in the United States would improve in the first part of 2011. Yes, that sounds far away.
Among those surveyed, the average salary in the IT department increased from $77,690 this time last year to $78,210 in the latest survey, an increase of 0.7 percent. That ain’t much growth, mind you, and that is across a lot of different job titles and pay scales, but at least salaries are not declining. The average salary at large enterprises in the IT department was $81,960, up six-tenths of a percent, while the average salary at midrange companies was $74,430. Interestingly, the number of people getting performance-based bonuses was still down 13 percent, and those receiving broader bonuses as part of their normal pay package were down 7 percent. Janulaitis said that bonuses are trailing indicators, not leading ones, and will return when the economy gets stronger and companies start fighting to retain their talent and to attract new talent.
You can see the executive summary of the mid-2010 salary report from Janco here, and if you participate in future surveys, you get access to more data.