Salaries are up less than 1% for IT pros in the past 12 months and the only winners are the top level postions in mid-sized companies. Salaries for most IT pros have finally gotten back to the level they were at in 2007 and that is a very good sign.
The seven major findings of the survey are:
- IT compensation for all IT Professionals has increased by 0.67% in the last 12 months.
- CIOs compensation has stayed flat in larger companies and increased in smaller and mid-sized companies in the past 12 months.
- Positions in highest demand are all associated with the quality control, BYOD implementation, and service level improvement.
- Over the long term IT executives have fared better in mid-sized companies than large companies.
- In 2013 the IT job market grew by 74,900 versus 62,500 in 2012 according to the Bureau of Labor Statistics (BLS) – better but not enough to employee the number of IT graduates from US universities or to increase demand.
- Lay-offs seem to have tapered off, however some companies continue to cut the size of the IT organizations.
- Cost control 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. This has resulted in few IT Pros getting health coverage
- 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.