Growth of Salaries for IT Pros Slows - Just Under 3% for Last 12 Months
2024 IT Salary Survey by company size and metro area
The Salary Survey draws on data collected throughout the year by extensive internet-based and completed survey forms sent to businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. The report is over 190 pages long and the data is provided in PDF format. Plus 73 full job descriptions in PDF and MS Word.
IT compensation does not keep up with inflation and hiring slows but still strong
Are you paying too much or too little to your IT staff? Do you have IT job descriptions? Are you earning what you're worth? Whether employer or employee, it is important to know what other companies are paying in total compensation for a similar position in your area. Learn how your company compares in the area of compensation.
Summary Findings
- Base salaries for all IT Pros increased by 2.6% - now $95,879
- Median salaries for IT Pros in large enterprises is $103,178 with executives' median of $183,515
- Salaries for IT Professionals in aggregate rose 2.59% in the past 4 quarters - less than the annualized inflation rate
- Retirements of IT Professionals peaked as more “Baby boomers” opted out of returning to work
- Salary compression is occurring as “new hires” are offered salaries at the top end of the pay ranges for existing positions - often paid more than current employees in the same position
- Total mean compensation for all IT Professionals increased from $97,557 to $100,079
- Attrition rates in mid-sized enterprises are rising faster than in large enterprises
- Salary levels in mid-sized enterprises are rising faster than in large enterprises 3.04% versus 2.26%
- Consultants who augment IT Staff and skills now are in high demand
- Demand has remained highest for IT professionals who support security, Blockchain, Work From Home (WFH), and e-commerce
- Staffing and retention continue as a primary priority of C-level management
IT Salaries were on the rise. More companies were investing in information technology. The emphasis over the past several years is in both e-commerce and mobile computing. At the same time with the ever-increasing Cyber attacks and data breaches, CIO are looking to harden their sites and lock down data access so that they can protect all of their electronic assets.
Added to that in an ever-increasing array of mandated requirements from the EU with GPDR and US federal and state requirements to protect individual users' privacy. All of these factors increase demand for experienced IT Pros and salaries they are paid.
Top Paying IT Positions
Large enterprises tend to compensate IT Professionals more than SMBs. The only position that is paid more in mid-sized enterprises is that of Vice President Consulting Services.
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