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Press Release - June 10, 2003

Deflationary Spiral Slows – Demand for IT Professions Stabilizes

Park City, UT - Victor Janulaitis, CEO of Janco Associates (www.e-janco.com) today announced results of its June 2003 IT Salary Survey and Janco’s 1996 to 2003 Comparative IT Salary Survey.

 There is good news; the deflationary spiral of IT compensation which has lasted for 4 quarters seems to be over.  Since the end of the Gulf War, salaries have stopped falling and “some” enterprises are planning on new hiring.  Mr. Janulaitis said, “For new hires enterprises are opting for senior experienced staff.  This is resulting in increased demand for professionals with more than 5 years experience.” 

 Study findings are:

• The Mean Salary for all positions surveyed in large enterprises has moved up to $80,030 in the second quarter of 2003 from $78,687 in the last quarter of 2002.  At the same time in mid sized enterprises the median compensation has moved up to $75,769 from $72,619.

• For comparable positions, the median compensation of CIO’s is now at stabilized at 1998. 

• Some of the organizations that had eliminated training, planning and infrastructure positions, such as change control, are beginning the process of “limited” re-staffing in those areas. 

• Voice/Wireless Communication and Security positions have been upgraded within many enterprises.  Where these positions were lower to mid level positions before 2000, in 2003 and beyond these positions are now mid level to senior level position.

• Demand is high for in the internet and network areas of e-commerce, voice/wireless communication, object programming, data security and data warehousing as enterprises try to prepare for the next wave of the new wireless technology. 

• Individuals who had planned on retiring in 2003 and 2004 and have seen their retirement portfolio’s shrink in the last two years are deferring retirement.  In interviews, Janco found a significant number of these individuals have focused on staying employed versus looking for increases in compensation.

Selected Positions Compensation Analysis

At the same time, there has continued to be an increase in the Benchmark for SELECTED high demand positions within the IT functions.  Below is a table showing some results.

Total Mean – The “mean” of total compensation - bonuses and fringe benefits.
Prior Benchmark – Benchmark published in our prior study
Current Benchmark – The total compensation required to obtain / retain top performers

Benchmark Total Compensation

The total benchmark compensation for CIO and other top level positions has continued to its downward trend.  However the data shows that this trend is starting to reverse itself.  The full comparative study for the years 1996 - 2003 is now available.  Complementary copies are available to the media.

Janco Associates, Inc. is an international consulting organization based out of Park City, Utah.  It offers pre-written templates for Disaster Recovery Programs and Safety Programs, job descriptions, IT Salary data, HandiGuides® for Metrics and Internet Policies and Procedures.

These figure includes all forms of compensation comprising of items like bonuses and stock options to other special fringe benefits such as special trips.  The survey of over seventy technology positions is based upon responses given in extensive Internet polling as well as a “survey of surveys” that includes data from across the United States and Canada.  The complete 160 study is available in an electronic version for $99 and a paper version for $495, plus shipping and tax.  The seven year comparative study for the years of 1996 through 2003 is available for $289.00