The number of those technology jobs is also on the rise, but has yet to reach the record levels of 2000, a new report says.
Salaries for information technology professionals rose just 0.33% from mid-2013 to mid-2014, a survey by research and consulting firm Janco Associates Inc. finds. But that comes with a silver lining, says Victor Janulaitis, Janco’s CEO. “Salaries for most I.T. pros are at the level they were at in 2008, and that is a positive,” he says.
Janco conducts an I.T. salary survey twice a year in conjunction with eJobDescription.com. The new survey includes data from 256 large and 808 mid-sized organizations contacted during the second quarter of 2014.
Salaries have not increased significantly and neither has the number of I.T. jobs, the survey finds. Although companies added 32,200 jobs in the first half of 2014, that’s less than the 36,500 jobs added during the same period in 2013. Total employment in the I.T. sector has surpassed where it was before the 2008 recession but still lingers below the industry-high levels in 2000.
The report also highlights the highest-paid I.T. professionals. This year, Facebook’s chief technology officer Michael Schroepfer tops the list with a total compensation package of $12.5 million. That’s down from $20 million he earned in 2012, according to the company’s financial filings.
Janco reported the following mid-year average salaries at large companies, defined as having more than 1,000 employees and $500 million in annual revenue, for 2013 and 2014, with the percentage change:
• Executives: $139,230, $139,986, 0.54%
• Middle managers: $81,119, $81,037, -0.10%
• Staff: $67,495, $67,393, -0.15%
Janco reported the following mid-year average salaries at mid-size companies, with less than 1,000 employees and $500 million in revenue, for 2013 and 2014, with the percentage change:
• Executives: $126,001, $126,960, 0.76%
• Middle managers: $73,978, $74,567, 0.80%
• Staff: $62,992, $63,299, 0.49%.