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Compensation Flat for IT Professionals -- Again
Park City, UT – The preliminary results of Janco's January 2006 IT Salary Survey shows the mean compensation (which includes bonuses) for executive IT positions surveyed now is $140,760 in large enterprises and $124,472 in mid-sized enterprises. (Large enterprises have over $500 million in revenue and mid-sized have between $100 to $499 million in revenue). At the same time 93% of IT professionals have some form of company paid health insurance. Other benefits that over 50% of these same individuals receive are: life insurance (78%), 401K (71%), disability insurance - beyond mandated requirements (58%), flexible hours and/or schedule (56%), personal performance bonus (54%), and trips for planning and training (50%).
Summary Results
|
Benchmark 4th Quartile |
Prior Mean |
Current Mean |
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||||
|
Prior |
Current |
Percent Change |
Base |
Total |
Base |
Total |
Percent Change |
Executives |
$203,882 |
$198,169 |
-1.64% |
$122,643 |
$138,603 |
$125,262 |
$140,525 |
0.48% |
Middle Managers |
$103,041 |
$101,713 |
-3.28% |
$73,872 |
$78,104 |
$74,245 |
$78,226 |
0.96% |
Staff |
$95,115 |
$93,866 |
-4.92% |
$62,443 |
$65,585 |
$62,635 |
$65,795 |
1.44% |
Large Enterprise |
$112,234 |
$110,391 |
-1.64% |
$75,048 |
$80,276 |
$75,623 |
$80,661 |
0.48% |
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|
|
|
|
|
|
|
Executives |
$206,212 |
$202,376 |
-0.91% |
$112,990 |
$127,223 |
$112,341 |
$126,437 |
-0.12% |
Middle Managers |
$108,108 |
$108,120 |
-1.81% |
$70,499 |
$76,187 |
$71,008 |
$75,964 |
-0.24% |
Staff |
$89,287 |
$88,027 |
-2.72% |
$56,791 |
$59,556 |
$57,400 |
$59,805 |
-0.36% |
Mid-Size Enterprises |
$112,267 |
$111,251 |
-2.55% |
$69,908 |
$75,406 |
$70,316 |
$75,316 |
-0.36% |
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|
|
|
|
|
|
|
|
IT Averages All |
$112,251 |
$110,821 |
-0.91% |
$72,478 |
$77,841 |
$72,969 |
$77,989 |
0.12% |
Janco's January 2006 IT Salary Survey shows that 93% of IT professionals have some form of company paid health insurance. Other benefits that over 50% of these same individuals receive are: life insurance (78%), 401K (71%), disability insurance - beyond mandated requirements (58%), flexible hours and/or schedule (56%), personal performance bonus (54%), and trips for planning and training (50%).
Victor Janulaitis the CEO of Janco said, "There are a core set of benefits that are required by enterprises of all sizes to attract and retain IT professionals. Even firms that provide IT professionals on a contracting basis need to and do provide these benefits." He added, "... with the rise in heath care insurance costs employees of all firms are required to share more of the cost and elimination of health insurance is not an option."
The 2006 IT Salary Survey also found that enterprise based performance bonuses were limited to executive IT management with only 38% qualifying. Stock options which at the top of the dot com boom were the one "must have" benefit now are only available to 29% of the IT professionals.
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