IT salaries in large corporations are up an average of nearly $2,100 since January 2018 while more than 107,500 new IT jobs will be created this year.
That’s according to Janco Associates’ 2019 mid-year salary survey. The median salary for the positions surveyed has increased from $90,116 to $91,901.
Janco expects about 8,400 new IT jobs will be created in each of the remaining months of 2019. More than 144,000 net-new IT jobs were created in the past 18 months.
“The economic picture has created a positive outlook for job growth in general and IT in particular,” said Janco CEO Victor Janulaitis. “However, we are now seeing both an increase in attrition rates within the IT function and many positions that remain unfilled because qualified candidates cannot be found. This is causing CIOs and HR departments to rethink both existing salary rates and benefits that are offered to potential employees.”
In the last two quarters of 2018, SMBs had the greatest demand for new IT hires in staff-level positions. And between January 2018 and June 2019, the total mean compensation for all IT pros rose by nearly $1,900.
Some markets like the San Francisco Bay Area, Boston and Salt Lake City are suffering significant shortages of qualified IT professionals, according to Janco.
Large organizations are planning to beef up their middle management as those enterprises focus on big data, blockchain, search engine optimization (SEO), and smartphone and tablet connectivity.
Positions in highest demand are associated with blockchain, e-commerce, application development security, big data, distributed/mobile system project management and quality control.
A new position added to the survey, manager of blockchain as e-commerce, continues to expand, Janco says.
“CIOs are now more optimistic about the direction their organizations are moving and are looking forward to increased budgets and staffing,” Janulaitis said. “However, with the improved employment opportunities, they are facing challenges in both compensation levels paid and promotion opportunities for existing staff. Some have already experienced the loss of highly qualified IT pros who have moved on and increased the attrition rate for IT pros.”