CSOs in demand for large enterprises, reports Janco salary survey
Janco Associates, a consulting practice in Park City, Utah, has found demand for selected positions within the IT function is high based on the results of its mid-year 2006 salary survey. The compensation survey is based on Internet responses from businesses in the U.S. and Canada.
Survey results indicate in larger enterprises with $500 million or more in revenues, demand and hiring is high for VP-Security (CSO), Manager Voice and Data Communication, Production Control Specialists, and Production Control Analysts. In enterprises with $100 million to $499 million in revenues, VP Administration, VP Technical Services, Manager Quality Control, Manager Technical Services, Change Control Supervisor, Data Security Administrator, Director Systems & Programming, Forms Graphics Designer, Hardware Installations Coordinator, and Web Analyst are in high demand.
The results of Janco's mid-year 2006 IT Salary Survey show 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. At the same time 87 percent of IT professionals have some form of company paid health insurance. Other benefits that these same individuals receive are: life insurance (75 percent), 401K (68 percent), disability insurance beyond mandated requirements (63 percent), flexible hours and/or schedule (61 percent), personal performance bonus (53 percent), and trips for planning and training (42 percent).
"There are a core set of benefits that are required by enterprises of all sizes to attract and retain IT professionals,” says Victor Janulaitis, Janco CEO. “This includes firms that provide IT professionals on a contracting basis." He adds, "... 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 42 percent qualifying. Stock options, which at the top of the dot-com boom were the one "must have" benefit, now are available to 45 percent of IT professionals.