Janco Associates Inc.

January 11, 2005 08:30 ET

Recovery Does Not Help IT -- Demand and Pay Flat in Janco Associates Inc. 2005 Salary Survey


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: JANCO ASSOCIATES INC.

JANUARY 11, 2005 - 08:30 ET

Recovery Does Not Help IT -- Demand and Pay Flat in
Janco Associates Inc. 2005 Salary Survey

PARK CITY, Utah--(CCNMatthews - Jan 11, 2005) -

Janco Associates (www.e-janco.com) today announced results of its 2005
IT Salary Survey and its 1996 to 2005 Comparative IT Salary Survey. At
the same time Janco announced the release of its new IT Resource Hiring
Kit (http://www.e-janco.com/ITHirePack.htm).

Janco's January 2005 Compensation Survey data, for the U.S. and Canadian
metropolitan areas, showed there was a small decrease in overall
compensation and demand for IT professionals. On the positive side,
there was an increase in compensation for CIOs due to year-end bonuses.
M. Victor Janulaitis, CEO of Janco, said, "The return of year-end
bonuses is a positive sign. It has been several years since we have seen
a significant number of our participating enterprises providing as many
bonuses as they have this year." In addition, he said, "The increase in
bonuses for CIOs is a leading indicator of an improved situation for
long-term demand and pay for all IT professionals."

Survey findings include:



1. The mean total compensation for all positions surveyed has
edged down slightly (-0.75%) for the last six months. In
mid-sized enterprises the mean total compensation has edged
down to $75,406 from $76,259 in the last quarter of 2004. At
the same time in large enterprises the median compensation has
also declined slightly from $80,605 in June 2004 to $80,276
(-0.41%) in January 2005.

2. As a result of year-end bonuses, the mean total compensation
for chief information officers (CIOs) in large enterprises
increased by 4.16% from $162,827 to $169,601 and in mid-sized
enterprises by 1.35% from $169,498 to $171,791.

3. The trend to outsource continues and some enterprises continue
to reduce costs by eliminating IT infrastructure positions
such as training and planning.



A full summary can be obtained at http://www.e-janco.com/salary.htm.

Janco Associates Inc. (www.e-janco.com) is an international consulting
organization based out of Park City, Utah. It offers pre-written
templates for Sarbanes Oxley Compliance, Disaster Recovery Programs and
Safety Programs, Job Descriptions, IT Salary Data, HandiGuides® for
Metrics and Internet Policies and Procedures.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Janco Associates Inc., Park City
    M. Victor Janulaitis, 435-940-9300
    email: victor@e-janco.com