Research and Markets: 2004 Information Technology Salary Survey
How Much Should You Be Paying Your IT Employees?
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About the IBM Research Division IBM Research is the world's largest information technology research organization, with about 3, 000 scientists and engineers in eight labs in six countries. IBM has produced more research breakthroughs than any other company in the IT industry. For rmation on IBM Research, //www.research.ibm.com. IBM
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DUBLIN, Ireland--(BUSINESS WIRE)--Aug. 11, 2004-- Research and Markets (http://www.researchandmarkets.com) has announced the addition of 2004 Information Technology Salary Survey to their offering.
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Are you paying too much or too little to your information technology staff? 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.
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The Information Technology Compensation Study was compiled between June 2003 and January 2004. A survey form was sent to a representative number of businesses throughout the United States and Canada in a variety of different industries. Our survey of surveys, and extensive internet-based polling, allow us to include a substantial number of data points from outside of our traditional information base. The historical data is generated from prior studies.
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There is a high demand for disaster recovery, security Internet development, programming and networking skills and increases in median compensation levels are already occurring.
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This survey can be acquired electronically as a PDF document or alternatively, can be acquired as a word document accompanied by an excel spreadsheet with all the data for $200.
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A comparative study is also available in PDF, containing data comparing over seventy (70) IT positions from 1996 through 2004. It includes the dot com bubble, 9/11, the recession of 2002-2003, and the start of the recovery in 2004.
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Methodology
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The survey responses were entered into our compensation database along with pertinent salary information from other prominent salary surveys that focus on the Information Technology area, as well as normalized data from previous years' studies. From our database, compensation benchmark ranges are established for each normalized job position. Using all of the available data, the Benchmark Compensation Ranges were determined. In analyzing the study data, the upper and lower quartiles are eliminated to determine Benchmark Ranges. The benchmark ranges are then used to assess the alignment of a company's actual compensation to the marketplace for each job function. The results can be assessed using the following guidelines.
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-- Individuals whose compensation is below the our Benchmark Ranges are subject to the forces of the marketplace and other conditions, which are unique to an individual's terms of employment or experience level.
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-- Individuals whose compensation is above the Benchmark Ranges are the least impacted by market forces. However, because of their seniority, they are likely candidates for more senior IS management positions at other companies if career advancement is perceived to be limited in their present environment.
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-- Individuals whose compensation is within the Benchmark Ranges are compensated fairly relative to their specialty and are normally not subject to the forces of the marketplace.
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Our Total Benchmark Compensation Range has been split into three groups, top-level positions, mid-level positions, and staff positions. Total compensation includes estimated bonus amounts "perks" and the fair value of supplemental compensation such as additional time off, education cost reimbursements, special business trips, car allowances, stock options, etc.
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The Benchmark represents our assessment of the compensation level required for organizations to remain competitive and minimize the risk of losing employees to other organizations.
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Reviews were conducted from the standpoint of a comparison of base salary and, when appropriate, from the additional standpoint of total compensation. Total compensation is determined by adding the budgetary bonus amounts and an equivalent cash value for above-standard compensation to an individual's base salary.
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The compensation Study data was divided into two categories. Large companies are companies whose gross revenues are equal to or greater than $500MM. Mid-sized companies are companies whose gross revenues are less than $500MM.
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This report contains detailed analysis and discussion under the following headings:
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-- SAMPLE STATISTICS
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-- CASH EQUIVALENTS
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-- STUDY SUMMARY
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-- JOB DESCRIPTIONS
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-- JOB FAMILIES
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-- SUMMARY SALARY SURVEY DATA
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-- STATISTICS PRESENTED BY CITY
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-- SUMMARY STATISTICS BY POSITION
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For more information visit http://www.researchandmarkets.com/reports/c3725
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Contacts
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Research and Markets
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Laura Wood
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Senior Manager
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press@researchandmarkets.com
Fax : +353 1 4100 980
