2011 Compensation Increases for CIOs and IT Workers

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According to the first-half 2011 IT salary survey from Janco Associates, IT compensation has increased slightly. While overall employment remains lackluster by most organizations across all industries, there is comfort in the fact that more tech jobs are being added than are being cut. 

In addition, Janco also surveys companies for the state of bonuses and other management incentives, and the research shows a mixed bag.  56 % of employers are offering flex hours and schedules. This percentage has held steady since 2010, and remains well over the 49 percent of employers who allowed this two years ago.

 The standards for performance bonuses are changing to shift focus from individual excellence (personal bonuses are down) to accomplishments that benefit the entire organization (enterprise performance bonuses are up). In total about 1,100 professionals participated in  the survey. The majority of survey participants  are senior IT managers or HR managers. 

Here are some of the highlights from the survey:

$78,078 is the total mean compensation for all IT professionals in first-half 2011, this is up .39% from the same period last year.

$81,722 is the mean compensation for all IT employees in large enterprises in first-half 2011, this is an increase of just over .2% from the same period in 2010.
$74,435 is the mean compensation for all IT employees in mid-sized enterprises in first-half 2011, an increase of  .57% from the same period last year.
$175,363 is the mean compensation for CIOs in large enterprises in first-half 2011, up just over 2% from the first six months of 2010.
The brightest spot of the survey stems from the 55,500 new IT jobs that have been added in the U.S. since January 2011. This could be in response to the slowing rate of outsourcing across many sectors as global compensation rises and the cost benefits of outsourcing are not as compelling as they once were.

 

 

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