Most IT Pros Get Modest Salary Increases in 2016
On average, IT salaries have increased only slightly this year, according to a recent release of survey and government-data-focused research from Janco. The resulting "2016 Mid-Year IT Salary Survey" also reveals that IT executives at both large and midsize enterprises received significantly higher percentage increases than their middle managers and IT staffers. In fact, these executives are the only tech pros who are getting more than a single-percentage increase this year. The report also provides insights about tech job creation, and the latest figures (compiled from Janco's analysis of U.S. Bureau of Labor Statistics data) indicate slower job growth in general. And this figure could take a negative turn later this year. "There could potentially be a net decrease in the size of the IT job market in 2016," said M.V. Janulaitis, CEO at Janco. "Many companies are cutting back on contractors and consultants. [But] there are new jobs being created in the application development sector of the IT job market. We feel this trend will continue until the November election in the U.S. and through the fourth quarter of this year. … On the plus side, CIOs report that CFOs are not completely averse to incremental spending for IT-related activities that have operational support and have a good ROI." Executives representing nearly 850 companies took part in the research.