2014 it salary survey: insurance research findings © 2014 property of ubm tech; all rights reserved

2014 IT Salary Survey: InsuranceResearch Findings

The 353 staff- and 296 managerial-level insurance IT pros in our survey saw modest bumps in compensation. While over three-quarters of both staffers and managers got raises within the past 12 months, just 23% of staff and 31% of management report increases of 5% or more. Other data points:

>> 90% of managers and 78% of staffers expect to receive bonuses in 2014.

>> 62% of staff attended company-paid training in the past 12 months; 61% of managers say the same.

>> 32% of managers hold an MBA or other master’s degree (31%) or PhD (1%).

>> 21% of managers seeking new jobs say they want less stress.

>> 9% of both staffers and managers feel insecure in their jobs.

Respondent breakdown: 41% work for insurance firms with 5,000 or more employees; 25% have over 20,000.

Want more? Visit InformationWeek Reports

Executive Summary

Median salary: Insurance IT staff vs. managers

Median compensation: Insurance IT staff vs. managers

Base salary changes: Insurance IT staff vs. managers

Compensation changes: Insurance IT staff vs. managers

No gender gap in staff salaries?

Compensation: Male vs. female

Salary based on company revenue

Base salary increases through middle age

Bonuses are the norm

Performance drives bonuses

Non-IT experience: Staff vs. management

About ¼ have worked in marketing or sales

Non-IT responsibilities: Staff vs. management

Staff non-IT duties

Management non-IT duties

Key skills: Staff vs. management

Highest staff salaries: Northeast, Pacific

Regional salary changes: Staff

Highest management salaries: Northeast, Pacific

Regional salary changes: Management

Perks: 401(k) match, health insurance

Wanted: tech-specific training

Most get company-paid training

Management pay more for training

Staff: Base pay is most important

Management: Stability, challenge are most important

Priorities: Staff vs. management

20 years in IT

8 years at present company

Loyalty: About ¼ change companies

Compensation satisfaction: Staff vs. management

Total compensation satisfaction over time: Staff

Total compensation satisfaction over time: Management

Overall job satisfaction: Staff vs. management

Job satisfaction over time: Staff

Job satisfaction over time: Management

Management: more challenging

Job security: Staff vs. management

Job security over time: Staff

Job security over time: Management

IT as a career: Staff vs. management

IT career path trend: Staff

IT career path trend: Management

Job security: Staff vs. management

Biggest event in last year: Raises

Most employers outsource some IT jobs

Outsourcing hits job availability, morale

Outsourcing affects few personally

Most aren’t looking for a new job

Those looking cite more money

Job satisfaction is important

Highest degrees

Mostly male

Management trends older

Most have revenue over $100 million

A quarter have more than 20,000 employees

Research SynopsisSurvey Name InformationWeek 2014 US IT Salary Survey: Insurance

Survey Date February 2014

Region United States

Number of Respondents 649 insurance IT professionals, consisting of 353 staff and 296 managers

Purpose To track IT salary and compensation trends from the perspective of those people 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 specifically on the 649 insurance 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, we sent email invitations with an embedded link to the survey to qualified IT professionals from UBM Tech databases. The survey was fielded from November 2013 to February 2014.

The information within this report is based on responses from 649 insurance IT professionals. We excluded unemployed and part-time workers from these results, as well as respondents from outside the US. This report uses median rather than mean or average figures for salary and percentage salary changes to eliminate distortions caused by extremes at the high and low ends of the responses.

2014 it salary survey: insurance research findings © 2014 property of ubm tech; all rights reserved

property of ubm tech

rights reserved slide

techspecific training

executive summary v

highest staff salaries

base salary changes

median salary

salary survey

Documents

bwd salary census 2014

vietnam salary guide 2014

2014 it salary survey: bi/analytics research findings ©...

abrivia salary-survey-2014

salary survey 2014

2014 salary survey

2014 it salary survey: application development research...

2014 uxpa salary survey

salary survey - kazan, 2014

statement of investment principles for the ubm pension ......

analytics salary report 2014

financial salary guide 2014

robert half 2014 salary guide - wordpress.com...2014 salary...

2014 it salary survey: security research findings © 2014...

irca salary survey 2014

2014 it salary survey: government research findings © 2014...

2014 legal salary guide

japan 2014 salary guide

global salary increase survey 2014/2015 - aon 2014... · ©...

2014 actuarial salary survey