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NEWS -- Internet & IT Job Descriptions HandiGuide 2008 has just been released Over 210 Job Descriptions in a new easy to read and modify format.  Available in PDF, WORD 2003, and WORD 2007 formats.  Styles sheets used to maximize the ease of use.  The CIO, CTO, CSO job descriptions have been updated to comply fully with Sarbanes-Oxley and the new ISO Security Standards.  New job descriptions include Chief Compliance Officer (CCO) and Director of Sarbanes-Oxley Compliance.
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Current News

 
07/22/2008 IT Job Market Is Poor At Best -

Janco continues to review the IT job market for CIOs and CTOs. but sees few bright sposts.  A Job Market Index just released found very few among the unemployed management ranks willing to leave the job search for their own venture. The compnay doing the survey polled 3,000 recently "discharged" managers and executives. They found:

The startup rate among unemployed managers and executives fell to 4.3 percent in the second quarter, compared to 7.2 percent in the first quarter. Last year, 6 percent of job seekers abandoned the traditional job market for entrepreneurship in the second quarter, according to the study.  The second quarter figure was the lowest since the fourth quarter of 2000, when only 3.5 percent of job seekers started their own firms.

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07/18/2008 Eight and Seven Figure CIOs -

Who Made What: Some of the Top-Paid Fortune 1000 CIOs of 2007

Technology Executive	Company / Industry	Total 2007 Compensation*	Salary
1. Barbara Desoer Global Technology & Operations Executive	Bank of America Financial Services	$10,532,513	$800,000
2. Glen Salow EVP Technology & Operations	Ameriprise Financial Financial Services	$7,029,188	$709,6780
3. Robert Carter EVP, CIO	FedEx Services	$5,461,269	$510,000
4. Tim Shack EVP, CIO	PNC Financial Services Group Financial Services	$4,896,181	$475,000
5. Mark Boxer President & CEO Operations, Technology, Government Services Business Unit, EVP	Wellpoint Health Care	$4,878,008	$693,654
6. Bob Willett CEO Best Buy International, CIO	Best Buy Retail	$4,677,735	$685,577
7. Dave Kepler EVP, Chief Sustainability Officer, CIO & Corporate Director of Shared Services	Dow Chemical Manufacturing	$4,672,827	$562,310
8. Randy Darcy EVP Worldwide Operations & Technology, CTO	General Mills Manufacturing	$4,449,958	$500,000
9. Bob DeRodes EVP, CIO	HomeDepot Retail	$4,296,143	$774,788
10. Larry Kittelberger SVP Technology & Operations	Honeywell International Manufacturing	$4,075,648	$606,250

SOURCE: Company proxy statements and 10-K filings. *Includes bonus, stock, options, incentive pay, pension contributions and other compensation

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07/17/2008 Is IT Spending on the Rise or Falling -

CDW has reported that IT staffing and spending is on the rise.   CDW says, "The past two months have seen IT executives grow increasing bullish about the future of their organizations, according to the results of the most recent CDW IT Monitor, a bimonthly survey that gauges IT budget management and spending plans and tracks the perceived value of business technology.

    

The CEO of Janco Associates, Victor Janulaitis disagrees.  Mr. Janulaitis said, "We are seeing enterprises of all sizes begin to be more cautious - they are now deferring both hiring and spending."

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07/10/2008 IT Job Unemployment Is LOW - (CIO Insight) Unemployment among computer-related jobs hovers near historic lows as the U.S. information technology workforce tops 4 million for the first time.

The size of the IT workforce in the United States has topped 4 million workers for the first time last quarter, according to CIO Insight's analysis of U.S. Bureau of Labor Statistics data. And the number of employed IT pros reached 3,956,000 in the second quarter of 2008, also a record high.

    

The IT unemployment rate inched up one-tenth of a percentage point last quarter to 2.3 percent, but still hovers near historic lows. That is in contrast to overall unemployment, which last quarter stood at 4.7 percent, more than double the IT jobless rate. (In June, overall unemployment stood at 5.5 percent for the second consecutive month, after shedding 62,000 jobs that month. Comparable numbers arenÂ’t available for computer-related occupations.)

Why would IT employment remain robust as unemployment rises in most other job categories? IT performs a critical role in business productivity, and the efficiencies it brings are crucial for employers looking to trim costs - including payrolls - as fuel and related expenditures soar and the economy and dollar weakens. In addition, companies today cannot operate without functioning IT systems, so certain business technology skills cannot be eliminated if a company wants to remain competitive.

A year earlier, the IT unemployment rate stood at 2.1 percent, with 3,599,000 workers employed in IT and 77,000 jobless and looking for positions in the field, for an IT workforce size of 3,675,000.

With 4,050,000 managers, professionals and other staffers holding or seeking computer-related positions last quarter, the IT workforce has grown by 10.2 percent over the past four quarters.

Another sign of a strong IT economy: the number of workers employed by IT services firms rose by 56,100 this past year to 1,414,400, a 4.1 percent increase, according to last monthÂ’s BLS establishment survey of some 160,000 businesses and government agencies covering about 400,000 worksites. The active sample includes about one-third of all nonfarm payroll workers.

The increase in IT services employment reflects the continuing need by companies for outsourcers to manage corporate IT infrastructures as well as provide hard-to-find but needed skills to develop and support new applications and systems.

Not every person employed by IT services firms - officially labeled by the government as computer systems design and related services - is an IT pro, but a majority are. A 2006 government report estimates that 53 percent of IT services firms' workers hold IT jobs such as programmers; software engineers; computer, network systems and data communications analysts; or database, network and systems administrators. Another 3 percent are computer and IS managers. The remaining employees—44 percent of payrolls—encompass non-IT managers and administrative and operational support personnel, including those in finance, human resources and sales.

Besides the establishment survey, the government also queries 60,000 households to determine employment and unemployment in the U.S. For our analysis, we use a BLS quarterly report that aggregates the monthly reports and details employment in hundreds of occupation categories. The government tracks seven major computer-related job categories: computer scientists and systems analysts, computer programmers, computer software engineers, computer support specialists, database administrators, network and computer systems administrators and network systems and data communications specialists plus computer and information systems managers.

CIO Insight analyzes these eight occupation categories to determine current IT employment conditions. Because these IT professions comprises less than 3 percent of the overall workforce, and each occupation categoryÂ’s size on its own would be statistically unreliable, CIO Insight aggregates the last four quarters to determine each quarter's workforce, employment and unemployment levels. For example, we added BLS data from the last two quarters of 2007 and the first two quarters of 2008 then divided by four to determine second-quarter 2008 data. Statisticians and economists say aggregating four quarters worth of data makes them more statically reliable than just using one quarter's worth of data.

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06/30/2008 CIO Assumes More Roles On Advance to CTO Role -

Roles of CIO as he becomes the CTO for enterprises expand to include:

• Becomes a player in creation of the business plan and strategy processes
• Improving the Infrastructure of IT and focusing on improved service levels
• Adding value to and improving the business operational process
• Providing accurate and timely data which complies with needs of all users – both internal and external
• Driving innovation with both technological and systemic advancements

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