Saturday, May 7, 2011

2011 IT Salary Survey

2011 IT Salary Survey 

Skills with a high demand
  • Project Management – especially large projects with short time frame for delivery
  • Security – focus on mandated compliance issues
  • Network Administration – wireless and cloud administration
  • Virtualization (Cloud) – new applications and management of the IT infrastructure
  • Business and Operational Analysis – focus on business change
  • Productivity Improvement Analysis – metrics and operational analysis
  • Web 2 – interactive applications that add value
  • Database Management – applications that leverage enterprise assets
  • System Administration – Windows and UNIX management
  • Desktop Support – standardization and change management 
The most striking observations of a latest survey are:
  • Some recovery has occurred in compensation and hiring of IT Professionals.  The total mean compensation for all IT Professionals has increased modestly by 0.35% to $77,873 from $77,604.  This puts overall compensation back at the levels they were at in January 2008.
  • Middle manager and non-line IT executives continue to feel a salary crunch.
  • Mid-sized enterprises are now starting to hire staff workers with salaries in this sector increasing the most – Mean compensation is up by 1.44% from $61,047 to $61,924.
  • Layoffs seem to have tapered off. 
  • On shore outsourcing has peaked and companies are looking to bring IT operations back into their direct control and reduce operating costs.
  • Cost reduction is still the rule of the day; however we have seen an increase in the number of “part-timers” and contractors who are focused on particular critical projects.
  • Companies are continuing to reduce the benefits provided to IT professionals. Though benefits such as health care are available, IT professionals are now paying a greater portion of that cost.
  • Flexible hours and work schedules are becoming more available as the recovery begins to take hold and is viewed as a low cost high value benefit by both employers and employees.
  • CIOs compensation has increased over the last 12 months. The mean compensation for CIOs in large enterprises is now $184,681 (an increase of 1.73%) and $163,106 (an increase of 0.49%) in mid-sized enterprises.
  • CIO demand is almost non-existent as companies who were not pleased with their existing CIO have already replace them and incumbents in those positions are reluctant to move with the current economic conditions.
  • Mean compensation across all IT professionals has increased by 0.35% (from $77,604 to $77, 873).
    • In mid-sized enterprises, the mean total compensation for all positions has increased by 0.43% from $73,934 to $74,253.   This is due to an average increase of 1.44% in the non-management staff levels of those enterprises.
    • In large enterprises, the median compensation has risen slightly from $81,493 to $82,273 .
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