PARK CITY, Utah, Jan. 6, 2011 /PRNewswire/ -- The 2011 Salary Survey, just released by Janco Associates and eJobDescription.com, is good news for IT job seekers. The survey shows that hiring is picking up in some sectors of the IT job market, salaries have stopped falling and, for selected positions, there has been an increase in compensation. The CEO of Janco, Victor Janulaitis stated, "Our conclusion from analysis of the data and interviews of CIOs is that for IT job seekers the recession has bottomed out and that hiring will increase in 2011." Mr. Janulaitis also said, "There still are a number of companies who are more cautious and concerned that the recovery will not be strong enough to support increased IT spending." He added, "Cost reduction is still the rule of the day; however Janco has seen an increase in the number of part-timers and contractors who are focused on particular critical projects. This is a leading indicator that IT hiring and salaries will go up in 2011."
Twelve month comparisons show that mean compensation (which includes bonuses) for all IT executive positions in large enterprises surveyed is $140,960 (an increase from $140,267 in 2010) and $123,378 (a slight increase from $123,301 in 2010) in mid-sized enterprises. Overall compensation for all IT Professionals has increased from $77,604 to $77,873; however the study also shows that there was a 5% decrease in the number of employees receiving personal performance bonuses while there was 5% increase in those receiving enterprise based performance bonuses. Mr. Janulaitis said, "This shift in bonuses reflects managements' desires for revenue improvements and push to motivate employees to improve the company's bottom line over and above everything else."
Janco has captured IT compensation data since 1996 and publishes its IT Salary Survey semi-annually. The IT Salary Survey is based on Janco's IT professionals' compensation database. A summary of the most recent salary survey can be downloaded by visiting Janco IT Salary Survey at http://www.e-janco.com/Salary.htm or eJobDescription at http://www.ejobdescription.com/IT_Salary_Survey.html.
SOURCE Janco Associates