IT Salaries Return to Pre-Recession Levels

After a lukewarm finish to 2012 in terms of IT jobs, IT professionals can be reassured that if they have a job, their salaries have rebounded since the recession, according to a new report, titled “2013 IT Salary Survey,” from Janco.

IT compensation reportedly rose 1.98 percent in the last 12 months, which equates to approximately a $1,500 increase. According to Janco, this puts overall compensation at levels comparable to the beginning of the year in 2007 and 2008.

Mid-sized enterprises, which saw mean total compensation increase by 2.39 percent in the last year, have recovered IT salaries more effective than large enterprises, which only rose 1.61 percent and still stand below pre-recession levels, according to the survey.

In 2012, the IT job market grew by 62,500 jobs according to the Bureau of Labor Statistics (BLS), however, that growth tailed off toward the end of the year. This occurred despite the fact that outsourcing appears to have peaked and companies are looking to bring IT operations back under domestic control. Playing into this may be the fact that, as a cost control measure, the report notes an increase in the number of part-time workers and contractors brought in to focus on critical projects.

Quality control staff and custodians of mechanized records are in highest demand, as mandated requirements for records management systems and electronic medical records have increased.

The survey includes data from 249 large and 785 mid-sized organizations with anywhere from a single data point to over 625 for particular respondents. According to Janco, the data was captured in the last quarter of 2012.

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