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 July 2016.
IT Salary Survey includes the following 78 United States cities, as well as 23 selected cities in Canada. Median compensation data is provided for each city in the survey.
- In 2015 the IT job market grew by 112,000 versus 129,400 in 2014 and 74,900 and 21,800 in 2013 and 2012 respectively according to the Bureau of Labor Statistics (BLS).
- IT compensation for all IT Professionals has increased by 0.64% in the last 12 months.
- Between July 2015 and July 2016 the total mean compensation for all IT Professionals has increased from $82,246 to $82,775.
- In large enterprises, the median compensation has risen 0.65% from $84,933 to $85,486.
- In mid-sized enterprises, the mean total compensation for all positions has increased by 0.48% from $79,560 to $80,064.
- IT executive compensation across all organizations has shown another increase. The mean compensation for IT executives in large enterprises is now $147,260 (up 1.44%) and $131,384 (up 1.50%) in mid-sized enterprises.
- Media CIO tenure has remains at 4 years and 4 months.
- The median compensation of Information Technology executives within Mid-sized enterprises recovered and exceeded 2008 levels for all of the executive management positions in SMBs. The big winners have been the Director IT Planning (15.85%) and the VP Consulting Services (10.72%).
- Mean salaries in larger enterprises have now gotten back to where they were before the start of the recession except for four of the executive positions monitored: VP Administration (down 2.25%), VP Consulting (down 9%), and Director Production (down 0.75%). The big winners were the VP Security (up 14.56%) VP Information Services (up 11.27%) and VP Technical Services (up 10.7%).
- Positions in highest demand are all associated with security, training, large data center management, distributed/mobile system project management, quality control, BYOD implementation, capacity planning and service level improvement.
- Over the long term IT executives have fared better in large companies than mid-sized companies.
- On shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs.
- Mandated requirements for records management systems and electronic medical records have increased the demand for quality control staff and custodians (librarians) of mechanized records.
- Companies are continuing to refine the benefits provided to full time IT professionals. Though benefits such as health care are available to 80%, IT professionals are now paying a greater portion of that cost.
The survey size and number of participants was
- Large Companies
- Number of companies 252
- Number of data points 24,781
- Mid-Sized companies
- Number of companies 722
- Number of data points 29,643
For more information about this report visit http://www.researchandmarkets.com/research/5lc9ss/it_salary_survey