High demand for IT professionals and inflation are driving up salaries.

Edward Gately, Senior News Editor

January 3, 2023

2 Min Read

A new Janco Associates salary survey shows median salaries for IT professionals now exceed $101,000.

According to the 2023 IT salary survey, high demand for IT professionals and inflation are driving up salaries. All salaries for IT professionals in large enterprises went up an average of 3.6%, with most of the major increases at the staff levels. At SMBs, salaries increased more than 7.7% across the board, with slightly higher percentages for IT executives.

The salary survey includes 282 enterprises in North America.

Victor Janulaitis is Janco‘s CEO.


Janco’s Victor Janulaitis

“In 2022, over 190,000 new jobs were added to the U.S. IT job market, which now is just over 4 million jobs,” he said. “Despite layoffs by several tech giants, demand for IT pros across almost all industries still exceeds the supply of qualified individuals. Our data show that there are close to 200,000 IT jobs that remain unfilled due to lack of qualified candidates. Interestedly, IT pros in mid-sized companies were able to see median salaries exceed the inflation rate.”

Salary Survey Highlights

Major findings of the salary survey include:

  • Median salaries for IT professionals in large enterprises are over $102,000, with executives’ median reaching $180,000.

  • Salaries for IT professionals in aggregate rose 5.6% in the past four quarters.

  • Retirements of IT professionals have increased as more baby boomers opt out of returning to work.

  • Salary compression is occurring as new hires are offered salaries at the top end of pay ranges for existing positions. They’re often paid more than current employees in the same positions.

  • Total mean compensation for all IT professionals increased from $95,845 to $101,323.

  • Attrition rates in midsize enterprises are rising faster than in large enterprises.

  • Salary levels in midsize enterprises are rising faster than in large enterprises.

  • 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 are now a primary priority of C-level management.

“Hiring is on a definite upswing for IT pros, but many IT jobs go unfilled due to a lack of candidates,” Janulaitis said. “CIOs continue to see a shortage of qualified IT pros, according to Janco. Companies and CIOs are moving rapidly to expand the role of IT in day-to-day operations. They have moved e-commerce, security, social media engagement and digital presentation to be top agenda items. That impacts the governance of IT.”

Want to contact the author directly about this story? Have ideas for a follow-up article? Email Edward Gately or connect with him on LinkedIn.

About the Author(s)

Edward Gately

Senior News Editor, Channel Futures

As news editor, Edward Gately covers cybersecurity, new channel programs and program changes, M&A and other IT channel trends. Prior to Informa, he spent 26 years as a newspaper journalist in Texas, Louisiana and Arizona.

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