Senior It Business Partner Salary
Senior It Business Partner Salary – Pay for some IT professionals is failing to keep up with inflation, according to a salary survey by IT employment consultant Janco Associates for the 2021 calendar year. IT employment is tight, with many companies expecting major technology projects in the coming year.
With US inflation hovering around 8% over the past year, salary increases – even for IT executives – have failed to keep pace.
Senior It Business Partner Salary
Average compensation for all IT pros last year rose just 2.05%, with the median salary at $100,022 for those in large enterprises and $95,681 for IT workers in medium-sized firms, according to Janco.
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Not surprisingly, the biggest pay rises went to IT executives in large companies; they received, on average, a 3.47% pay raise, bringing the median salary to $176, 231. General IT staff in large enterprise teams saw an average increase of 3.23%, bringing the median salary to $80,914.
“With inflation at 40-year highs, compensation for IT professionals is not keeping up,” the company said. “In conversations with more than 100 CIOs, CFOs, and IT recruiting group leaders, we found that staffing issues are a top concern. “
In the past three months, 43,200 jobs have been added to the US IT job market, a pace of expansion that exceeds the same period in 2021, according to the United States Bureau of Labor Statistics.
With unemployment in the tech industry hovering around 2%, companies must scramble to address the concerns of new hires if they are to attract – and retain – top talent. Hiring of IT professionals is at an all-time high, according to Janco and others, even with inflation and the prospect of an economic downturn. All signs point to continued growth.
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“Many of our clients use the data from our mid-year salary survey to set the bonus ranges for year-end pay increases, and pay ranges for 2023,” Janco said.
The company is in the final stages of completing its 2022 Mid-Year IT Salary Survey, which is why the data remains preliminary.
In an interesting twist, bonuses paid to workers with uncertified IT skills dropped in 2021, averaging 9.5% of base salary, according to new research by Foote Partners LLC. This was not the case for 579 IT certificates: they decreased by 1.2% during the same period after two consecutive quarters of growth.
“We are not surprised by this recent acceleration in cash premium bonuses for non-certified IT skills,” said David Foote, principal analyst at Foote Partners. “Most employers are struggling with wage issues in their tech workforce, and they’re largely underpaying their workers in a ‘seller’s market.’ So there’s any way they can increase compensation. vital.”
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Skill-based pay works well because it’s usually paid outside of salary and tied to a specific skill or skill cluster, Foote said. “That makes it easier to provide the value of the additional pay to persuade management to support this pay strategy,” he said.
There were 44 non-certified IT skills that earned well-above-average premiums and are still growing, according to Foote. These skills include using the Apache Spark data analysis engine; artificial intelligence for IT operations; big data analytics; data migration; DevOps; DevSecOps; MapReduce; MongoDB; NoSQL; PostgreSQL; security audit and testing; smart contracts; and software development lifecycle management.
Still, 22 out of 579 certified skills bucked the overall downward trend in bonuses; these included AWS Certified Security; certified healthcare information security and privacy practitioner; Cisco Certified CyberOps Associate; Cloudera Certified Associate Data Analyst; InfoSys Security Management Professional; Oracle Certified Master DBA; Microsoft Certified DevOps Engineer Expert; and GIAC Security Expert.
In 2023, CIOs will face a myriad of budget issues, including attracting new hires and retaining current workers, upskilling staff, and increasing overall benefits and compensation. “It won’t be unusual for pay ranges to increase 5% to 10% from current levels,” Janco said.
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As many enterprises look to increase the size of their IT staff as the economy recovers – and app development, security issues and digital transformation projects remain top of mind – preliminary data shows that it is likely IT salaries and bonuses will rise.
Janco also found that CIOs are acutely aware of the need to reduce burnout among IT people stressed from dealing with remote and hybrid work environments.
Two other recent surveys – conducted by consultancy Deloitte and software vendor Robin Powered – showed that younger workers are burnt out and want better pay and benefits, including mental health care from organisations.
During the second half of 2021, more companies were investing in IT, according to Janco. “The emphasis over the past few years has been on both e-commerce and mobile computing. At the same time, with cyber-attacks and data breaches on the rise, CIOs are looking to harden their sites and lock down data access so they can protect all their electronic assets.”
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The salary survey, which is updated twice a year in July and January, questioned 252 large companies and 722 medium-sized firms. Large companies are those with gross revenues equal to or greater than $500 million medium-sized companies and those with revenues less than that.
Seventy-three positions were surveyed, including executive roles such as CIOs, CSOs, vice presidents of information services and technical services, and directors of IT planning. The survey also questioned technology middle managers and staff members.
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