Demand is High for CSOs
in Large Enterprises
Park City, UT –
Janco has found that
the demand for selected positions within the IT function is high. Victor
Janulaitis, the CEO of Janco said, “We have found that in larger IT
enterprises (those with $500MM or more in revenues) the demand and hiring is
high for VP-Security (CSO), Manager Voice and Data Communication, Production
Control Specialists, and Production Control Analysts. Janulaitis added, “In
mid-sized enterprises (those with $100MM to $500MM in revenues) VP -
Administration, VP - Technical Services, Manager - Quality Control, Manager
- Technical Services, Change Control Supervisor, Data Security
Administrator, Director - Systems & Programming, Forms and Graphics
Designer, Hardware Installations Coordinator, and Web Analyst are in high
demand.”
The
results of Janco's June 2006 IT Salary Survey shows the mean compensation
(which includes bonuses) for executive IT positions surveyed now is $140,525
in large enterprises and $126,437 in mid-sized enterprises. (Large
enterprises have over $500 million in revenue and mid-sized are between $100
to $499 million in revenue). At the same time 87% of IT professionals have
some form of company paid health insurance. Other benefits that these same
individuals receive are: life insurance (75%), 401K (68%), disability
insurance - beyond mandated requirements (63%), flexible hours and/or
schedule (61%), personal performance bonus (53%), and trips for planning and
training (42%).
Summary Results
|
|
Benchmark 4th Quartile |
Prior
Mean |
Current
Mean |
|
|
|
Prior |
Current |
Percent Change |
Base |
Total |
Base |
Total |
Percent Change |
|
Executives |
$203,882 |
$198,867 |
-2.46% |
$122,643 |
$138,603 |
$125,662 |
$140,550 |
1.40% |
|
Middle Managers |
$102,838 |
$102,181 |
-0.64% |
$74,023 |
$78,156 |
$74,976 |
$78,858 |
0.90% |
|
Staff |
$95,115 |
$94,668 |
-0.47% |
$62,443 |
$65,585 |
$63,009 |
$66,174 |
0.90% |
|
Large Enterprise |
$112,016 |
$110,391 |
-1.45% |
$75,100 |
$80,270 |
$76,143 |
$81,078 |
1.01% |
|
|
|
|
|
|
|
|
|
|
|
Executives |
$206,212 |
$217,079 |
5.27% |
$112,990 |
$127,223 |
$114,006 |
$128,464 |
0.98% |
|
Middle Managers |
$106,524 |
$106,992 |
0.44% |
$69,992 |
$75,544 |
$70,271 |
$74,978 |
-0.75% |
|
Staff |
$89,287 |
$87,998 |
-1.44% |
$56,791 |
$59,556 |
$57,330 |
$57,727 |
-3.07% |
|
Mid-Size Enterprises |
$112,494 |
$112,466 |
-0.02% |
$69,687 |
$75,126 |
$70,168 |
$75,096 |
-0.04% |
|
|
|
|
|
|
|
|
|
|
|
IT Averages All |
$111,755 |
$111,688 |
-0.06% |
$72,393 |
$77,698 |
$73,155 |
$78,087 |
0.50% |
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.
This includes firms that provide IT professionals on a contracting basis
need to 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 but elimination of health insurance is not an option."
The June 2006 IT Salary Survey also found that enterprise based performance
bonuses were limited to executive IT management with only 42% qualifying.
Stock options, which at the top of the dot com boom were the one "must have"
benefit, now are available to 45% of the IT professionals.
   |
