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06/13/2001 Archived Entry: "IT salaries start to tumble"

ZDNet: eWEEK: IT salaries start to tumble

Average salaries for top-performing CIOs and other IT managers are beginning to fall for the first time since the 1980s, according to a compensation study released today.

The study by Janco Associates Inc., of Park City, Utah, found an overall decrease in the benchmark salaries paid to IT professionals in the first six months of 2001 compared to the last six months of 2000. A benchmark salary is considered the compensation that a company would need to pay to attract the best performers in a given IT position, including base salary along with bonuses and benefits.