2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

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Presentation transcript:

2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved

Among the 1,094 healthcare IT pros responding to our InformationWeek 2014 US IT Salary Survey, 64% of staff and 65% of management say they are satisfied or very satisfied with all aspects of their jobs, including compensation and benefits. Other data points: >> 67% of management received or expect to receive a bonus in 2014; 57% of staff say the same. >> 49% of staff and 53% of managers believe a career path in IT and the potential for salary advancement are as promising today as they were five years ago. >> 27% of staff and 34% of management hold an MBA or an MA or a PhD. >> Female staff report base pay about 3% higher than peers in other industries; female managers earn about 2% more. >> 27% of staff and 30% of managers expect to receive further education or training this year; about one-fifth of both staff and management anticipate being reimbursed for pursuing certifications (20% and 22%, respectively). Respondent breakdown: 45% are from companies with 5,000 or more employees; 22% are over 20,000. Want more? Visit InformationWeek ReportsInformationWeek Reports Executive Summary v

Health IT salaries: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Cash compensation: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Base salary changes over time © 2014 Property of UBM Tech; All Rights Reserved

Total cash compensation changes © 2014 Property of UBM Tech; All Rights Reserved

Top staff salary: Application integration © 2014 Property of UBM Tech; All Rights Reserved

Top management salary: Cloud computing © 2014 Property of UBM Tech; All Rights Reserved

Top cash compensation: Data integration, warehousing © 2014 Property of UBM Tech; All Rights Reserved

Top management compensation: Cloud computing © 2014 Property of UBM Tech; All Rights Reserved

Health IT salary changes: Staff © 2014 Property of UBM Tech; All Rights Reserved

Health IT salary changes: Management © 2014 Property of UBM Tech; All Rights Reserved

Compensation changes: Staff © 2014 Property of UBM Tech; All Rights Reserved

Compensation changes: Management © 2014 Property of UBM Tech; All Rights Reserved

Top staff salary title: Architect © 2014 Property of UBM Tech; All Rights Reserved

Top management salary title: CIO © 2014 Property of UBM Tech; All Rights Reserved

Top staff compensation title: Architect © 2014 Property of UBM Tech; All Rights Reserved

Top management compensation title: CIO © 2014 Property of UBM Tech; All Rights Reserved

Gender gap prevails in salary... © 2014 Property of UBM Tech; All Rights Reserved

... and in total cash compensation © 2014 Property of UBM Tech; All Rights Reserved

Salary based on company revenue © 2014 Property of UBM Tech; All Rights Reserved

Sweet spot: ages © 2014 Property of UBM Tech; All Rights Reserved

Bonuses are the norm © 2014 Property of UBM Tech; All Rights Reserved

Performance drives bonuses © 2014 Property of UBM Tech; All Rights Reserved

Non-IT experience: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Prior jobs: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Non-IT responsibilities: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Staff non-IT duties © 2014 Property of UBM Tech; All Rights Reserved

Manager non-IT duties © 2014 Property of UBM Tech; All Rights Reserved

Key skills: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Go west, IT staffer © 2014 Property of UBM Tech; All Rights Reserved

West coast staffer: high base salary, but no raise © 2014 Property of UBM Tech; All Rights Reserved

Go west (or north), IT manager © 2014 Property of UBM Tech; All Rights Reserved

South Central manager: low base, no raise © 2014 Property of UBM Tech; All Rights Reserved

Perks: health insurance, 401(k) match © 2014 Property of UBM Tech; All Rights Reserved

Wanted: tech-specific training © 2014 Property of UBM Tech; All Rights Reserved

Many companies pay to train managers © 2014 Property of UBM Tech; All Rights Reserved

Staff, management pay up to $1K for training © 2014 Property of UBM Tech; All Rights Reserved

Staff: Base pay is most important © 2014 Property of UBM Tech; All Rights Reserved

Management: Feeling valued is most important © 2014 Property of UBM Tech; All Rights Reserved

Base pay, stability matter most © 2014 Property of UBM Tech; All Rights Reserved

15-20 years in IT profession © 2014 Property of UBM Tech; All Rights Reserved

6-7 years at present company © 2014 Property of UBM Tech; All Rights Reserved

Loyalty: Most do not job hop © 2014 Property of UBM Tech; All Rights Reserved

Total compensation satisfaction: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Total compensation satisfaction over time: Staff © 2014 Property of UBM Tech; All Rights Reserved

Total compensation satisfaction over time: Management © 2014 Property of UBM Tech; All Rights Reserved

Overall job satisfaction: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Job satisfaction over time: Staff © 2014 Property of UBM Tech; All Rights Reserved

Job satisfaction over time: Management © 2014 Property of UBM Tech; All Rights Reserved

Intellectual challenges: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Job security: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Job security over the years: Staff © 2014 Property of UBM Tech; All Rights Reserved

Job security over the years: Management © 2014 Property of UBM Tech; All Rights Reserved

IT as a career path: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

IT career path trend: Staff © 2014 Property of UBM Tech; All Rights Reserved

IT career path trend: Management © 2014 Property of UBM Tech; All Rights Reserved

Security of an IT career vs. others © 2014 Property of UBM Tech; All Rights Reserved

Biggest event in last year: Raises © 2014 Property of UBM Tech; All Rights Reserved

About half of employers outsource IT jobs © 2014 Property of UBM Tech; All Rights Reserved

Outsourcing hits job availability, morale © 2014 Property of UBM Tech; All Rights Reserved

Outsourcing affects few personally © 2014 Property of UBM Tech; All Rights Reserved

Most aren’t looking for a new job © 2014 Property of UBM Tech; All Rights Reserved

Those looking cite more money © 2014 Property of UBM Tech; All Rights Reserved

Job satisfaction can trump prestige © 2014 Property of UBM Tech; All Rights Reserved

Highest degree: Bachelor’s © 2014 Property of UBM Tech; All Rights Reserved

Surveyed gender: Men outnumber women © 2014 Property of UBM Tech; All Rights Reserved

Management trends older © 2014 Property of UBM Tech; All Rights Reserved

Most have revenue over $50 million © 2014 Property of UBM Tech; All Rights Reserved

Most have fewer than 5,000 employees © 2014 Property of UBM Tech; All Rights Reserved

Research Synopsis Survey Name InformationWeek 2014 US IT Salary Survey: Healthcare Survey Date February 2014 Region United States Number of Respondents 1,094 healthcare IT professionals, composed of 562 IT staff and 532 IT managers Purpose To track IT salary and compensation trends from the perspective of those on the front lines, InformationWeek conducts an annual US IT Salary Survey. Now in its 17th year, it’s the largest employee-based IT salary survey in the country. This year 11,662 full-time IT professionals completed the web-based survey. The goal of this trendable study is to measure various aspects of compensation, benefits, and job satisfaction. This report focuses on the 1,094 healthcare IT professionals who participated in the survey. Methodology The survey was designed by InformationWeek and fielded online. The survey was promoted in InformationWeek’s daily and weekly newsletters. In addition, invitations with an embedded link to the survey were sent to qualified IT professionals from UBM Tech databases. The survey was fielded from November 2013 to February The information in this report is based on responses from 1,094 healthcare IT professionals. Unemployed and part- time workers were excluded from these results, as were respondents from outside the United States. This report uses median rather than mean or average figures for salary and percentage changes to eliminate distortions caused by extremes at the high or low ends of the responses. Want more? Visit InformationWeek ReportsInformationWeek Reports © 2014 Property of UBM Tech; All Rights Reserved