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

72
2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved

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

Page 2: 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 Reports

Executive Summary

v

Page 3: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Health IT salaries: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 4: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Cash compensation: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 5: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Base salary changes over time

© 2014 Property of UBM Tech; All Rights Reserved

Page 6: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Total cash compensation changes

© 2014 Property of UBM Tech; All Rights Reserved

Page 7: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Top staff salary: Application integration

© 2014 Property of UBM Tech; All Rights Reserved

Page 8: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Top management salary: Cloud computing

© 2014 Property of UBM Tech; All Rights Reserved

Page 9: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Top cash compensation: Data integration, warehousing

© 2014 Property of UBM Tech; All Rights Reserved

Page 10: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Top management compensation: Cloud computing

© 2014 Property of UBM Tech; All Rights Reserved

Page 11: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Health IT salary changes: Staff

© 2014 Property of UBM Tech; All Rights Reserved

Page 12: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Health IT salary changes: Management

© 2014 Property of UBM Tech; All Rights Reserved

Page 13: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Compensation changes: Staff

© 2014 Property of UBM Tech; All Rights Reserved

Page 14: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Compensation changes: Management

© 2014 Property of UBM Tech; All Rights Reserved

Page 15: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Top staff salary title: Architect

© 2014 Property of UBM Tech; All Rights Reserved

Page 16: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Top management salary title: CIO

© 2014 Property of UBM Tech; All Rights Reserved

Page 17: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Top staff compensation title: Architect

© 2014 Property of UBM Tech; All Rights Reserved

Page 18: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Top management compensation title: CIO

© 2014 Property of UBM Tech; All Rights Reserved

Page 19: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Gender gap prevails in salary ...

© 2014 Property of UBM Tech; All Rights Reserved

Page 20: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

... and in total cash compensation

© 2014 Property of UBM Tech; All Rights Reserved

Page 21: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Salary based on company revenue

© 2014 Property of UBM Tech; All Rights Reserved

Page 22: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Sweet spot: ages 46-55

© 2014 Property of UBM Tech; All Rights Reserved

Page 23: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Bonuses are the norm

© 2014 Property of UBM Tech; All Rights Reserved

Page 24: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Performance drives bonuses

© 2014 Property of UBM Tech; All Rights Reserved

Page 25: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Non-IT experience: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 26: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Prior jobs: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 27: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Non-IT responsibilities: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 28: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Staff non-IT duties

© 2014 Property of UBM Tech; All Rights Reserved

Page 29: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Manager non-IT duties

© 2014 Property of UBM Tech; All Rights Reserved

Page 30: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Key skills: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 31: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Go west, IT staffer

© 2014 Property of UBM Tech; All Rights Reserved

Page 32: 2014 IT Salary Survey: Healthcare Research Findings © 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

Page 33: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Go west (or north), IT manager

© 2014 Property of UBM Tech; All Rights Reserved

Page 34: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

South Central manager: low base, no raise

© 2014 Property of UBM Tech; All Rights Reserved

Page 35: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Perks: health insurance, 401(k) match

© 2014 Property of UBM Tech; All Rights Reserved

Page 36: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Wanted: tech-specific training

© 2014 Property of UBM Tech; All Rights Reserved

Page 37: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Many companies pay to train managers

© 2014 Property of UBM Tech; All Rights Reserved

Page 38: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Staff, management pay up to $1K for training

© 2014 Property of UBM Tech; All Rights Reserved

Page 39: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Staff: Base pay is most important

© 2014 Property of UBM Tech; All Rights Reserved

Page 40: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Management: Feeling valued is most important

© 2014 Property of UBM Tech; All Rights Reserved

Page 41: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Base pay, stability matter most

© 2014 Property of UBM Tech; All Rights Reserved

Page 42: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

15-20 years in IT profession

© 2014 Property of UBM Tech; All Rights Reserved

Page 43: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

6-7 years at present company

© 2014 Property of UBM Tech; All Rights Reserved

Page 44: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Loyalty: Most do not job hop

© 2014 Property of UBM Tech; All Rights Reserved

Page 45: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Total compensation satisfaction: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 46: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Total compensation satisfaction over time: Staff

© 2014 Property of UBM Tech; All Rights Reserved

Page 47: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Total compensation satisfaction over time: Management

© 2014 Property of UBM Tech; All Rights Reserved

Page 48: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Overall job satisfaction: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 49: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Job satisfaction over time: Staff

© 2014 Property of UBM Tech; All Rights Reserved

Page 50: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Job satisfaction over time: Management

© 2014 Property of UBM Tech; All Rights Reserved

Page 51: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Intellectual challenges: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 52: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Job security: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 53: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Job security over the years: Staff

© 2014 Property of UBM Tech; All Rights Reserved

Page 54: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Job security over the years: Management

© 2014 Property of UBM Tech; All Rights Reserved

Page 55: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

IT as a career path: Staff vs. management

© 2014 Property of UBM Tech; All Rights Reserved

Page 56: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

IT career path trend: Staff

© 2014 Property of UBM Tech; All Rights Reserved

Page 57: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

IT career path trend: Management

© 2014 Property of UBM Tech; All Rights Reserved

Page 58: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Security of an IT career vs. others

© 2014 Property of UBM Tech; All Rights Reserved

Page 59: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Biggest event in last year: Raises

© 2014 Property of UBM Tech; All Rights Reserved

Page 60: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

About half of employers outsource IT jobs

© 2014 Property of UBM Tech; All Rights Reserved

Page 61: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Outsourcing hits job availability, morale

© 2014 Property of UBM Tech; All Rights Reserved

Page 62: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Outsourcing affects few personally

© 2014 Property of UBM Tech; All Rights Reserved

Page 63: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Most aren’t looking for a new job

© 2014 Property of UBM Tech; All Rights Reserved

Page 64: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Those looking cite more money

© 2014 Property of UBM Tech; All Rights Reserved

Page 65: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Job satisfaction can trump prestige

© 2014 Property of UBM Tech; All Rights Reserved

Page 66: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Highest degree: Bachelor’s

© 2014 Property of UBM Tech; All Rights Reserved

Page 67: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Surveyed gender: Men outnumber women

© 2014 Property of UBM Tech; All Rights Reserved

Page 68: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Management trends older

© 2014 Property of UBM Tech; All Rights Reserved

Page 69: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Most have revenue over $50 million

© 2014 Property of UBM Tech; All Rights Reserved

Page 70: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Most have fewer than 5,000 employees

© 2014 Property of UBM Tech; All Rights Reserved

Page 71: 2014 IT Salary Survey: Healthcare Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

Research SynopsisSurvey 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, email 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 2014.

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 Reports

© 2014 Property of UBM Tech; All Rights Reserved