ComputerWorld Canada’s annual IT Job Market and Salary Survey results are in and overall, compensation is back to normal.
The results are fairly optimistic and show growing confidence in the economy, said John Pickett, community advocate for IT World Canada Inc.
“People are still very aware of the fact that we’ve been through a recession and the economy is still seen as shaky, but the results are better than last year,” he said.
Compensation typically increases between three and 4.5 per cent year-over-year, said Pickett. In 2009, the increase was slightly less than two per cent at $85,095.
This year, the average total compensation, which takes into account salary and cash bonuses, increased 3.12 per cent to $87,752.
But bonuses grow more than salaries
“Salaries have increased, but not as much as that portion of compensation that is represented by bonuses,” said Pickett.
While the increase overall is 3.12 per cent, salaries have increased 2.08 per cent and bonuses have increased 17.83 per cent, he said.
The average salary in 2009 was $79,443; this year, the average salary is $81,092. The average bonus in 2009 was $5,652; in 2010, the average bonus is $6,660.
“It’s a bigger increase in the bonus portion, but of course, the bonus portion is a smaller portion of the overall compensation,” he said.
Bonuses are also associated with the senior ranks, said Pickett.
“For staff-level technical people, on average, only about four per cent of their total compensation is made up of bonuses, whereas for executives and senior management, it’s more like 14 per cent,” he said.
The increased focus on bonuses also reflects a greater dependence on performance, he said.
Database workers see the biggest increases
According to the survey results, “Enterprise CIOs are the top earners in the IT executive ranks, followed by divisional CIOs and VPs of IT.” In 2010, the average salary for enterprise CIOs is $209,412.
“In management, data warehousing and e-commerce managers top the list,” states the report. On average, data warehousing managers earn $109,667 and e-commerce managers earn $107,550.
Architects are the top earners in the staff/technical category. Average salaries for systems architects are $98,908, followed by database architects at $93,403 and network architects at $92,521.
“The database people have seen the biggest increases,” said Pickett.
Non-GTA region sees the biggest drops
According to the report, “IT professionals working in the north have the highest pay and the highest year over year increase” at 4.53 per cent.