Framework for Setting It Salaries

Framework for Setting IT Salaries

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Setting competitive salaries is a critical process in attracting and retaining top

IT talent. As IT budgets improve, the need for this process will only increase.

Apply this framework to help establish meaningful salary ranges and aid

recruitment efforts.

Inside this report:

Executive Summary .................................................................................................2

Using This Report ..................................................................................................3

Make Hiring & Retention a Priority ..........................................................................4

HR or IT Issue? Answer: Both ................................................................................5

The Budget and Staffing Landscape ................................................................6

Security, Auditing and Network Management Heat Up ................................7

Turnover Continues to Be an Issue .....................................................................9

Manager Takeaway: Hiring and Retention Are Back on the Table .............12

Know the Job Requirements .................................................................................12

Begin with Strategy ............................................................................................13

Focus on Skills .....................................................................................................16

Build Effective Job Descriptions .......................................................................18

Manager Takeaway: Better Questions Will Yield Better Answers .................19

Research Benchmark Sources ..............................................................................19

Types of Information Sources ...........................................................................20

Understand the Competitive Environment .....................................................23

Consider Total Compensation vs. Base Salary ...............................................25

Be Aware of Internal Parity Issues ....................................................................26

Manager Takeaway: Cast a Wide Net ...........................................................27

Conclusion: Toward a Salary-Setting Framework ...............................................27

Appendix 1: Job Description Template ...............................................................28

Appendix 2: Salary Information Guide ...............................................................30

Appendix 3: IT Salary Setting Checklist ................................................................33

© 2005 INFO-2 TECH RESEARCH GROUP

Framework for Setting IT Salaries

TOC

EXECUTIVE