93%
of IT Professionals Have Company Paid Health Insurance
Park
City, UT – The preliminary results of 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.
click on image to enlarge
Janco has captured IT compensation statistics since 1996 and
publishes the resultant IT Salary Survey semiannually. The
IT Salary survey is based on Janco Associates, Inc. IT
Professionals compensation database, and compensation
benchmark ranges are established for each normalized job
position. In analyzing the study data, the upper and lower
quartiles are eliminated to determine Benchmark Ranges. The
benchmark ranges are then used to assess the alignment of a
company's actual compensation to the marketplace for each
job function. The results can be assessed using the
following guidelines. A summary of the most recent salary
survey can be download by visiting
http://www.ejobdescription.com/SalaryBenefit.htm
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