Published: Fri, 21 Apr 2017 12:09:05 -0600Copyright: © 2017 Janco Associates, Inc. -- ALL RIGHTS RESERVED
Fri, 21 Apr 2017 12:08:58 -0600
The U.S. government received 199,000 H-1B visa petitions for the upcoming 2018 fiscal year -- 37,000 less than in 2016. The U.S. received 236,000 visa petitions for the current fiscal year. In fiscal year 2016, there were 233,000 requests; the year before that, there were 172,500.
The government will issue 85,000 H-1B visas via a computer-generated lottery. The winners will be able to use their visas at the start of the federal fiscal year, which begins Oct. 1.
Janco sees the President's actions and campaign rhetoric as having had an impact on the offshore outsourcing industry, which includes the largest users of H-1B visa workers. Firms considering shipping IT jobs overseas appear now to be more cautious than in recent years.
Sun, 09 Apr 2017 12:43:02 -0600
Among the 94.5 million individuals excluded from the labor force in March 2017, there were 460,000 discouraged workers - a decrease of 66,000 workers from February and 125,000 from prior year in March. This is a significant improvement.
There are 88,994,000 who just do not want work at all. That is a decrease of 129,000 from February and 526,000 from March of last year.
Sun, 26 Mar 2017 16:46:52 -0600
The top 10 challenges they face are:
Sun, 19 Mar 2017 15:14:38 -06002017 IT salary survey by Janco provides insights into the IT jobs market The January 2017 IT salary survey provides insights into IT job markert growth and compensastion. [...]
Fri, 17 Mar 2017 12:40:59 -0600
That change would have put India-based firms in the back of the H-1B distribution line, but IT services such firms as Accenture and IBM, which are not H-1B dependent, would have been unaffected.
Trump may still take action on H-1B visas apart from the lottery. As an example, the administration's recent action to suspend fast-track premium processing for six months.
Providers are not home free this year and face increased resistance to their model regardless of the delay in the actual law change. The net effect is that they will be able to utilize H-1B, but at a greater expense and to a lesser degree.
But the IEEE-USA believes that IT outsourcers get as many as 50,000 of the 85,000 H-1B visas. Rather than using H-1B workers themselves, outsourcing companies rent their workers to third-parties at below-market rates. American workers, after training many of these new employees, will lose their jobs.
Sun, 12 Mar 2017 12:32:42 -0600
(image) There is a new key role in the world of brand management, the Digital Brand Manager, That individual is responsible for digital consumer experiences across the entire enterprise and its operations. The Digital Brand Manager helps a company drive growth in its brands and product lines by converting traditional physical brand management process to social media ones, and over-sees the rapidly changing digital sectors like mobile applications, social media and Internet based marketing. The Digital Band Manager is responsible for executing and evolving the enterprises Social Media Strategy based on performance & emerging company/consumer needs. This includes but is not limited to: channel roles, content strategy, and Social Persona Development.
Digital Brand Manager is not only a brand and product line expert, but also a seasoned technology expert. The Digital Brand Managers is responsible for the adoption of social media technologies across the entire business. As with most top level technology and brand management titles, the responsibilities are set by the organization's C-Level executives.
That role is much more expansive and technologically driven than many of us appreciate. Typically the individual reports to the operational side of a company and had control over resources which are marketing, brand management, and information technology. Many organizations have taken runs at creating the perfect definition of the role. There is even a great job description that has been defined in Janco's job description inventory.
Some job descriptions that you many want to review are:
Tue, 07 Mar 2017 14:23:16 -0600
The salaries paid to top level CIOs is determined by a number of factors. One of the key factors is the metropolitan area where the CIO and his/her organization reside. In Janco's IT Salary Survey we identified the top 10 cities for CIO compensation. New York City, San Jose, Stamford, and San Francisco topped the list with annual salaries over $200,000.
San Jose and San Francisco were the most expensive places to live with median home cost over $650,000.
Fri, 03 Mar 2017 11:22:07 -0600
(image) The most sweeping change proposed by the new H-1B visa program would be the elimininate the lottery process. Rather, a new bill in Congress would give foreign students who graduate from U.S. schools priority in getting an H-1B visa. The new law would end the annual random distribution (lottery) of H-1B visas, and replace it with a system to give priority to certain types of students.
Foreign nationals in the best position to get one of the 85,000 H-1B visas issued annually will have earned an advanced degree from a U.S. school, have a well-paying job offer, and have preferred skills. The specific skills weren't identified, but will likely be STEM-related.
The legislation also "explicitly prohibits" the replacement of American workers by visa holders.
Fri, 17 Feb 2017 13:55:52 -0600
(image) The CDO is not only a digital expert, but also a seasoned general manager. As the role is transformational, the CDOs is responsible for the adoption of digital technologies across the entire business. As with most senior executive titles, the responsibilities are set by the organization's board of directors or other authority, depending on the organization's legal structure. The CDO is responsible for digital consumer experiences across the entire enterprise and its operations.
Fri, 10 Feb 2017 18:17:29 -0600
(image) There isnt a lot of pay disparity due to location. Geographic location no longer dictates a significant increase or decrease in salary range. Candidates with in-demand tech skills can net top salaries regardless of region.
JOB TITLE: SALARY RANGE
Wed, 25 Jan 2017 15:33:09 -0600
Several states have very low unemployment rates. In July there were 13 states that we considered high unemployment states in December that picture has changed and now there are now 17 full employment states.
Tue, 10 Jan 2017 18:49:11 -0600
New H-1B bill would raise the salary threshold to $100,000 (from $60,000) a year and includes a provision for inflation adjustments. It eliminates the master's degree exemption altogether.
In a statement, the proposer said that the government needs "to make sure programs are not abused to allow companies to outsource and hire cheap foreign labor from abroad to replace American workers."
Even so, the bill is not broad H-1B reform.
The new administration has indicated support for raising H-1B visa salaries across the board by changing the prevailing wages. The prevailing wage sets four levels for each occupation. Most H-1B workers are paid either level 1, beginner, or level 2 wages. The level 3 prevailing wage represents the 50th percentile or the median.
Wed, 07 Dec 2016 17:31:50 -0600Many IT Pros will be looking for new jobs in the new Thirty Seven percent (37%) IT professionals plan to begin searching for a new job and 26% plan to accept a new job next year, according to Spiceworks. While 69% of the IT professionals surveyed worldwide in October 2016 plan to switch jobs to advance their IT skills, about two-thirds are looking for a more competitive salary, and more than 75% want to work for a company that makes IT more of a priority. Only 61% of IT professionals feel appreciated by their current employer, 59% think theyre underpaid. Less than one-quarter of IT professionals are expecting a salary increase in 2017, and only 12% are expecting a promotion. However, 70% of respondents expect the IT job market to remain favorable in 2017, leading many to think higher paying jobs with more potential for advancement will exist in the coming year. IT Hiring Kit - Standard Edition Latest IT Salary Survey - The salary survey draws on data collected throughout the year via extensive Internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet. Salary Survey Job Descriptions (PDF) The job descriptions are provided as a 206 page indexed PDF document for all of the positions surveyed. The PDF file can be viewed and printed. Interview and Hiring Guide (WORD and PDF) Includes two electronic forms: Background Check Authorization and Interview Questionnaire. [...]
Tue, 08 Nov 2016 16:59:23 -0600Dodd-Frank executive pay disclosure rears its head The pay-for-performance proposal is part of the Dodd-Frank law's disclosure package involving executive pay. It requires, among other things, that public companies disclose the ratio of the C-Level executives annual total compensation to the median annual total compensation of all other employees. In a recent compliance update, the SEC's Division of Corporation Finance said registrants can use any reasonable "consistently applied compensation measure" (CACM) to identify the annual compensation of employees. "The appropriateness of any measure will depend on the registrant's particular facts and circumstances," the SEC said, noting that, for example, total cash compensation could be a CACM unless the registrant also distributed annual equity awards widely among its employees. [...]
Mon, 17 Oct 2016 14:35:55 -0600
Highest Paid CIOs
The top salary for a CIO last year was $13.5 million. Tim Theriault of Walgreens Boots Alliance was the lucky winner. His base salary and bonus was $1.4 million. He recieved $12.1 million in the form stock, options and "other compensastion.
Mon, 17 Oct 2016 14:32:22 -0600Multiple salary surveys are a must for compensation management The HR and IT function should be collecting as much data from reputable sources as possible - that means typically three salary surveys that have good coverage of an industry or geography. One way is to participate more salary surveys to qualify for discounts, increase networking with peers in other companies, and get a better range of results than you can get with a single surve. It is the CIOs and HR's responsibility to effectively manage the organization's investment in salary surveys. It is important to always have an idea of what products are out there. By gathering more data, you'll be equipped to establish whether a particular survey is consistently higher or lower than another for similarly defined jobs. Despite a constantly changing workplace where jobs rapidly change or don't exist at all, survey data continues to be a mainstay for effectively managing compensation. [...]
Wed, 17 Aug 2016 16:04:47 -0600
Are men paid $10K higher than women for the same job?
Men in IT earn a median of $82,370 a year compared to $72,035 for women, according to new data by the U.S. Census Bureau.
The Census Bureau didn't offer any theories about the wage gap highlighted in its data, but the raw numbers may not tell the real story, according to Victor Janulaitis, CEO of Janco Associates, an IT workforce research firm.
In terms of IT, women now have more management positions than at anytime in the past, said Janulaitis. Of the largest 1,000 corporations, more than 19% of the CIOs were women, according to his data.
In terms of the wage disparity, Janulaitis notes that the census bureau deals with averages. "Many of the entry-level positions in IT are taken up by women who are 're-entering' the IT labor force after they have started a family," said Janulaitis. "In our surveys and analysis of compensation, we find no correlation between gender and compensation. Rather, the contributor to compensation is length of time in a position or with a company."
Sun, 14 Aug 2016 11:48:58 -0600
IT hiring kit is a winner for successful CIOs
(image) When CIOs are given the task to fill open positions, they need to act fast so thier organization doesn't lose productivity and money while you weed through a sea of unqualified résumés. Many CIOs turn to Janco Associates IT Job Descriptions and it IT Hiring kit to make thier lives easier and find the right talent in less time. As the IT focused hiring took kit, Janco brings recruiting, compensation and benefits professionals all the tools they need.
Sun, 07 Aug 2016 15:02:16 -0600
Companies face demographic change as Baby Boomers continue their steady departure from the workplace. At the same time, recruiting and retaining employees to work in large companies is becoming more difficult as freelance and entrepreneurial ventures become more popular, especially among Millennials.
IT Job Family Classification System HandiGuide - This HandiGuide provides a step by step methodology and architecture to define job families and and align them with pay grades.
Tue, 19 Jul 2016 10:48:20 -0600
(image) Telecomputing is on the rise
More Americans tele-computing and working longer hours from home and on the road.
The BLS found that 24% of all U.S. workers did some or all of their work from home last year, compared with 19% who worked from home in 2003.
Management, business and financial occupations led all categories of remote workers, at 38%, with those working in the professions right behind at 35%.
Not only are there more Americans working from home, but the average time they do so has increased, up 40 minutes to 3.2 hours a week in 2015.
Fri, 24 Jun 2016 15:16:59 -0600
Executive IT Salarys up more than staff salarys according to preliminary results of the mid-year Janco IT salary survey
The gap between the pay of IT executives and rank-and-file workers widened once again in 2015, according to the annual compensation survey from Janco Associates.
Among 243 respondents with titles including CIO, CTO, VP IT, and IT Director the average base salary was up 4.0% from 2014.
Thu, 16 Jun 2016 11:37:04 -0600
IT graduates hit good job market
Widespread demand for talent at all levels, not just at the entry level. IT unemployment is around 2.5%, and 80% of IT professionals are willing to listen to [offers for] new job opportunities, even when they're happily employed. So there's this huge talent gap, this huge supply-and-demand chasm out there, where you just can't get enough of the IT talent you're looking for.
Sun, 05 Jun 2016 16:45:53 -0600
Is a recession around the corner?
The IT job market does not look good with the loss of 27,700 jobs in May.
Fri, 20 May 2016 16:19:22 -0600New overtime pay rules released The U.S. Department of Labor released its revised overtime rules. The exempt salary threshold level will increase from the current minimum of $455 per week, or $23,660 a year, to $913 per week, or $47,476 annually. [...]
Wed, 11 May 2016 12:07:33 -0600
The higher the level of education, typically the greater is the compensation and lower the unemployment rate is.