PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Janco Associates, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Janco Associates, Inc. Comments on Latest BLS Data for IT Profession - Janco finds bad news for IT professionals in the latest The Bureau of Labor Statistics (BLS) data. The job market for IT professionals, though better than the rest of the employment market, still continues to be sluggish
Janco Associates, Inc. Comments on Latest BLS Data for IT Profession

 

NewswireToday - /newswire/ - Park City, UT, United States, 2010/10/25 - Janco finds bad news for IT professionals in the latest The Bureau of Labor Statistics (BLS) data. The job market for IT professionals, though better than the rest of the employment market, still continues to be sluggish.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The BLS data shows a drop (0.66%) in the total employment of IT professionals from a year ago. The areas were there has been the greatest shrinkage are telecommunications (-5.43%) and data processing services (-2.52%). Both of these sectors continue to be adversely impacted by outsourcing.

There has been a slight increase in employment numbers in system design (5.51%) and IT services (2.33%). This has not been enough to absorb the displaced employees from prior periods nor address the issue of recent entrants into the IT job market who cannot find work.

When Janco compared the total employment picture of the 3rd quarter of this year to the 2nd quarter, they found that the job market has deteriorated over the summer. In subsequent follow-up interviews, with CIOs and CEOs at a number of large firms, the consensus is that the recession is not over and that budgets for 2011, which had assumed a marked improvement in the economic climate, will need to be revisited and possibly reduced.

The Mid-Year 2010 IT Salary Survey, which was released by Janco Associates in July, shows that hiring did pick up in some sectors of the IT job market, salaries had stopped falling, and for selected positions there has been an increase in compensation - especially for CIOs. The CEO of Janco, Victor Janulaitis stated, “Many now fear a second dip in the economy and are much more cautious and concerned that the recovery will not be strong enough to support increased IT spending.”

Summary Janco 12 month comparisons show the mean compensation (which includes bonuses) for all IT executive positions in large enterprises surveyed is $143,378 (a slight increase from $142,753) and $125,079 (a slight decrease from $126,031) in mid-sized enterprises. Overall compensation for all IT Professionals has shown a slight increase from $77,690 to $78,210; however the study shows that there was a 13% decrease in the number of employees receiving personal performance bonuses and a 7% decrease in those receiving enterprise based performance bonuses. Mr. Janulaitis said, “Bonuses are trailing indicators and should return as soon as the recovery takes hold.”

Janco now is finalizing its data collection for their next salary survey which is due to be published in January. Janco has captured IT compensation data since 1996 and publishes its IT Salary Survey semi-annually. The IT Salary Survey is based on Janco’s IT professionals’ compensation database. Compensation benchmark hiring and salary ranges are established for each position surveyed. In analyzing the study data, the upper and lower quartiles are eliminated to determine the benchmark ranges. The benchmark ranges are then used to assess the alignment of a company's actual compensation to the marketplace for each job function.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Janco Associates, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Janco Associates, Inc. Comments on Latest BLS Data for IT Profession

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Victor Janulaitis - e-Janco.com 
435-940-9300 media.manager[.]e-janco.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Janco Associates, Inc. securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Janco Associates, Inc. / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

IRON Deploys ADVA FSP 3000 in R&E Network for Cost-Efficient Scalability and Ease of Use
Telophase Announces Formation of Executive Advisory Board
Turbonomic Named to Forbes 2017 Cloud 100 List
Infosys Strengthens its Partnership with Udacity to Enhance and Amplify the Learning Capabilities of its New Hires
A10 Earns Accolades from Frost & Sullivan for its Comprehensive and Adaptable Application Delivery Controller Technology Product Line, Thunder ADC
Active.AI Joins Infosys Finacle’s Growing FinTech Ecosystem
UCAR Deploys ADVA FSP 3000 CloudConnect™ Solution in Supercomputing Network
Evolve IP Announces Comprehensive Solution for Multichannel Contact Center Management
RightITnow Introduces Major New Features with Latest ECM 4.6
Global High Density Racks Market Revenue Growth Predicted by 2026 Says PMR
ISYX Technologies Wins Cisco Emerging Partner of the Year Award
FarEye Wins Prestigious World Post & Parcel Award in The Technology Category
AXILSPOT Announces Availability of ASW120 In-wall Wireless Access Point in the Middle East and Africa
Thales Forges Ahead in Digital Technologies
Frost & Sullivan Recognizes A10 Networks for Technology Leadership in China Application Delivery Controller Market

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)