Released on: June 9, 2008, 1:24 pm

Press Release Author: Victor Janulaitis

Industry: Small Business

Press Release Summary: Hiring and spending has slowed down in IT as business try to
control costs in tough economic times.


Press Release Body: FOR IMMEDIATE RELEASE

IT Feels Economic Pinch Reports Janco In Its June 2008 IT Salary Survey

Park City, UT - Park City - The prospect for IT professionals is not good. Janco
has found that IT compensation growth remains flat, hiring is limited to key
replacements, and discretionary spending has been cut back and in many cases
eliminated. Victor Janulaitis, the CEO of Janco said, \"As we collected compensation
data for our mid-year 2008 IT Salary Survey we found that at the end of the first
quarter businesses turned off the faucet for IT spending. Many businesses, in
response to economic projections, slowed down and halted discretionary spending for
software and hardware as well as placed hiring requisitions on a slow track.\"

The summary findings in Janco 2008 Mid-Year IT Salary Survey are:

1. Hiring demand is now the lowest it has been since 2004. Many enterprises have
stopped hiring except for key replacements and those positions are being replaced at
lower salary levels.

2. Enterprises have slowed down and in many cases eliminated discretionary spending
by IT. This has resulted in fewer projects being initiated, consultants use being
reduced (if not eliminated), and a slow-down of initiatives that had already been
approved.

3. In the last twelve (12) months the increases in compensation for most IT
Professionals were lower than increases in the cost of living.

4. The mean increase in compensation for CIO's was less that 1.5%. The mean
compensation for CIOs in large enterprises now is $179,823 and $171,755 for CIOs in
mid-sized enterprises.

5. The mean compensation (which includes bonuses) for all Executive IT positions
surveyed now is $144,645 in large enterprises and $131,763 in mid-sized enterprises.
(Large enterprises have over $500 million in revenue and mid-sized have are $100 to
$499 million in revenue).

6. Positions that were in high demand in the 4th quarter of 2007 such as CSOs and
others to develop new Web 2.0 applications are now back to normal hiring patterns.

7. Administrative positions in some IT functions are now being looked at as those
that are expendable

A free summary of the IT salary survey can be found on the Janco web site
http://www.e-janco.com.

Janco is Mountain States based consulting firm that publishes the HandiGuide® series
of book used by IT, HR and other professionals as the source of information on
topics from PC Polices to job positions and responsibilities. In addition to its
electronic book and survey publishing, Janco also publishes award winning business
software.

Media Manager
http://www.e-janco.com
435 940-9300 x 101
Park City, UT

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Web Site: http://www.e-janco.com

Contact Details: Media Manager
http://www.e-janco.com
435 940-9300 x 101
Park City, UT