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False Fears
Bob Weinstein is a journalist who covers technology, project management, the workplace and career development.
If the analysts and IT forecasting firms are right and we’re heading for a recession, salaries aren’t reflecting a down economy ahead. In fact, they’ve never been better, according to Victor Janulaitis, CEO of IT consulting firm Janco & Associates.
Here are some of the findings of his firm’s January 2008 IT Salary Survey:
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The mean compensation (which includes bonuses) for CIOs in large companies is $181,240, and it’s $171,200 for CIOs in midsized ones.
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The mean compensation for all executive IT positions surveyed is $143,847 in large companies and $128,730 in midsized ones.
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Hiring demand has increased for most IT executives.
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CSOs (chief security officers) are in particularly high demand. Working knowledge of mandated security requirements, particularly Sarbanes-Oxley, HIPAA and PCI, puts you ahead of the pack.
Yet a recent CareerBuilder survey said that only 32 percent of employers polled plan to increase full-time hiring this year, down from 40 percent last year. Thirteen percent said they were unsure. And a forecast by staffing firm Manpower pretty much agreed with CareerBuilder’s numbers. Manpower sees “slow but steady job growth and continued recruiting challenges in 2008.”
The big question: Are salaries an accurate …
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