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IT salaries were flat in 2020, according to a January 2021 IT Salary Survey conducted by Janco Associates, a management consulting firm that focuses on management information systems. The finding is the worst since the dot.com bust, with IT middle managers hardest hit as the mean total compensation for those positions were lower than in previous years, with only 0.08% growth. Janco interviewed over 101 CIOs in the last several weeks as part of its data-gathering process for the survey.
“In reviewing the data from our latest IT Salary Survey we found that total compensation was flat,” said M. Victor Janulaitis, CEO of Janco Associates. “The one factor that stood out the most was the reduction or flat-out elimination of discretionary bonuses. That added to the fact that SMBs, where most IT pros have positions, were the most adversely affected by the shutdowns. That drove many companies to manage costs by limiting hiring and salary increases.”