Tech Salaries Are Higher, but Hiring Slows Down
IT salaries—while on the upswing in recent years—have risen sharply since last year, according to a recent survey from Janco. The accompanying report, "2017 Mid-Year IT Salary Survey," indicates that overall IT earnings have increased by more than $4,000 annually since the middle of 2016. Tech pros at larger enterprises are seeing the largest pay packages, especially CIOs and other top-level executives, who have now officially broken the $150,000 median salary barrier. (Perhaps that's why they're staying in their current positions longer.) In terms of leveraging demand, it appears that tech professionals in positions related to security, training, big data, large data center management and mobility are doing well at the negotiation table. Not all of the news is positive, however, as the lofty compensation levels could result in a slowdown of tech jobs creation. "CIOs … were optimistic that there would be more incentives for increased IT spending and hiring," said M. Victor Janulaitis, CEO of Janco. "It seems the tide has turned, and they now feel there will be little chance for improved growth in IT budgets for the remainder of this year. Hiring prospects are poor at best, especially with the higher salary levels." More than 125 CIOs took part in the research.