|
|
Press
Release - January 03, 2006
  
93% of IT Professionals
Have Company Paid Health Insurance
Park City, UT –
The preliminary results of Janco's January 2006 IT Salary Survey shows that
93% of IT professionals have some form of company paid health insurance.
Other benefits that over 50% of these same individuals receive are: life
insurance (78%), 401K (71%), disability insurance - beyond mandated
requirements (58%), flexible hours and/or schedule (56%), personal
performance bonus (54%), and trips for planning and training (50%).
Victor Janulaitis the CEO of Janco said, "There are a core set of benefits
that are required by enterprises of all sizes to attract and retain IT
professionals. Even firms that provide IT professionals on a contracting
basis need to and do provide these benefits." He added, "... with the rise
in heath care insurance costs employees of all firms are required to share
more of the cost and elimination of health insurance is not an option."
The 2006 IT Salary Survey also found that enterprise based performance
bonuses were limited to executive IT management with only 38% qualifying.
Stock options which at the top of the dot com boom were the one "must have"
benefit now are only available to 29% of the IT professionals.
click on image to enlarge
Janco has captured IT compensation statistics since 1996 and publishes the
resultant IT Salary Survey semiannually. The IT Salary survey is based on
Janco Associates, Inc. IT Professionals compensation database, and
compensation benchmark ranges are established for each normalized job
position. 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. A summary of the most recent salary survey can be
download by visiting
http://www.e-janco.com/SalaryBenefits.htm
   |
|
