Target and Toys R Us posted overall sales declines during the holidays.
And overall compensation is up slightly, says a new survey from Janco.
The recession may have bottomed out for those with information technology expertise, suggest survey data from Janco Associates Inc., a management consulting firm that focuses on information technology.
The survey found that chief information officers’ salaries in large companies increased 1.7% year over year in 2009 to $184,681, and 0.5% to $163,106 for those in mid-sized businesses. However, the survey also found that demand for those positions is nearly nonexistent because companies who were looking to replace their existing chief information officers have already done so and those who hold CIO positions are reluctant to move to a new company.
Overall salaries for all I.T. professionals increased slightly year over year in 2009 to $77,873 from $77,604. In large companies the increase was larger, nearly 1%, to $82,273 from $81,493, while mid-sized companies’ salaries increased 0.4% to $74,253 from $73,934.
The recovery in I.T. salaries will likely continue to be slow, says Victor Janulaitis, Janco CEO. “There still are a number of companies who are much more cautious and concerned that the recovery will not be strong enough to support increased I.T. spending.”
But there is a glimmer of hope, he says. That’s because the survey found an increase in the number of part-timers and contractors who are focused on critical projects. When hiring ramps up in a recovery period following a recession, it typically begins with contract hires before gradually expanding to full-time staff.
Here are Janco’s I.T. employment figures broken down into four sectors, with seasonally adjusted November 2010 jobs in each category in thousands followed by percentage change from November 2009:
• Telecommunications: 920.6, -4.24%
• Data processing, hosting and related services: 245.1, -1.29%
• Other information services, 142.2, 5.02%
• Computer systems design and related services, 1473.3, 2.93%