Bonuses are back

Average salaries for information technology staff slipped slightly in 2004, but bonuses for chief information officers began reappearing after a four-year absence, according to a recent survey.

Janco Associates Inc. surveyed 180 large and 285 mid-sized organizations in the U.S. and Canada. Victor

Janulaitis, Janco’s president, says the return of year-end bonuses for senior IT staff signals better times ahead. “”We’re looking at the fact that bonuses did appear for CIOs as a leading indicator,”” he says.

Janulaitis says bonuses for senior IT people are generally tied to profitability, and largely disappeared in 2001 and 2002. With the economy beginning to turn around, top-level IT executives have started receiving bonuses again, though mostly small ones in 2004.

Typical bonuses are 10 to 25 per cent of compensation. Janco found mean total compensation for CIOs up 4.16 per cent to US$169.601.

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Jim Love, Chief Content Officer, IT World Canada

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Grant Buckler
Grant Buckler
Freelance journalist specializing in information technology, telecommunications, energy & clean tech. Theatre-lover & trainee hobby farmer.

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