NETWORK WORLD NEWSLETTER: AMY SCHURR ON IT LEADERSHIP 11/16/04 Today's focus: IT start-up salaries
Dear [EMAIL PROTECTED], In this issue: * The 2004 Compensation and Entrepreneurship Report in ��Information Technology study * Links related to IT Leadership * Featured reader resource _______________________________________________________________ This newsletter is sponsored by Intel IT Productivity; Increasing ROI Learn how to effectively measure employee productivity, manage IT investments and reduce the Total Cost of Ownership in enterprise data management. Visit Intel's IT Productivity center. Click here to download white papers, books and IDC Research. http://www.fattail.com/redir/redirect.asp?CID=88375 _______________________________________________________________ IT SECURITY JOBS TO EXPLODE With an annual compound rate of nearly 14% from now until 2008, information security jobs are far outpacing IT jobs in general. For more results from this recent survey conducted by IDC of full-time security pros in 80 counties worldwide, click here: http://www.fattail.com/redir/redirect.asp?CID=88269 _______________________________________________________________ Today's focus: IT start-up salaries By Amy Schurr Salaries for executives at private high-tech firms inched up 1.9% in 2003, down from the 2.9% increase incurred from 2001 to 2002. That's according to the 2004 Compensation and Entrepreneurship Report in Information Technology study. Executive search firm J. Robert Scott, law firm Wilmer Cutler Pickering Hale and Dorr, and consultancy Ernst & Young sponsored the study. Conducted last winter, the research is based on responses from 170 privately-held IT firms in the software, communications, hardware, semi-conductors and electronics, services, consulting and integration, and content and information providers segments. Although the salary raises were modest, techies fared better when it came to bonuses. Bonuses were up 15.6% across all positions in 2003. Broken down by position, the incentives were relatively larger for head of sales, head of marketing and CFO positions. These bonuses also accounted for a larger percentage of base salary in 2003 than in previous years. These monies represented 21.9% of base salary across all executive positions in 2003, up from 19.3% in 2002. Equity holdings stayed stable between 2002 and 2003. According to the survey, 72% of high-tech firms use stock options for time of hire grants. Another 16% use both stock and options, 3% use only stock, and 9% use other equity vehicles or have no grant equity plan. Severance plans decreased slightly, indicating that company owners may prefer executives who have a greater tolerance for personal risk and commitment. Of those surveyed, 28% had a severance package in 2003, down from 33% in 2002. CEOs and heads of professional services had the longest severance packages, netting a median of nine months. For more information, download the abridged results of the salary study at <http://www.compstudy.com/>. The full report is free to survey respondents and costs $350 for non-participants. _______________________________________________________________ To contact: Amy Schurr Amy Schurr is an editor for Network World's Management Strategies and Features sections. If you have any career topics you'd like her to cover or want to comment on this newsletter, you can reach her at <mailto:[EMAIL PROTECTED]>. _______________________________________________________________ This newsletter is sponsored by Intel IT Productivity; Increasing ROI Learn how to effectively measure employee productivity, manage IT investments and reduce the Total Cost of Ownership in enterprise data management. Visit Intel's IT Productivity center. Click here to download white papers, books and IDC Research. http://www.fattail.com/redir/redirect.asp?CID=88374 _______________________________________________________________ ARCHIVE LINKS Archive of the IT Leadership newsletter: http://www.nwfusion.com/newsletters/itlead/index.html _______________________________________________________________ FEATURED READER RESOURCE NEW! Website dedicated to Networking for Small Business now available The editors of NW Fusion and PC World have combined all their expert advice, authority, and know-how into a powerful new tool for small businesses, the new Networking for Small Business website. Get news, how-to's, product reviews, and expert advice specifically tailored to your small business needs. 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