Careers Slideshow: CIOs, IT Pros Face Salary, Benefits Slump
By Dennis McCafferty | Posted 07-16-2012
CIOs and other top IT executives at large enterprises have a pay cut this year, according to the findings of a recent salary survey from Janco Associates, a management consulting firm focusing on IT systems. At smaller enterprises, senior IT managers have received minimal pay increases. The decline can be blamed on continuing concerns about the overall health of the economy as corporate leaders try to contain costs in the event of another downturn. And it's not just the money that's going away. Many benefits like company-sponsored retirement plans and performances bonuses are also disappearing. In addition, Janco reports that many CIOs will now need to delay non-critical IT projects and delay staffing increases. "Companies continue to look ahead and see an uncertain future," says Victor Janulaitis, CEO of Janco. "They do not want to commit capital or raise infrastructure costs when they are not sure that they will have a good ROI. Bottom-line results rule the day and any cost that can be deferred helps." More than 55,000 CIOs and other IT professionals took part in the research.