Showing posts with label Salary. Show all posts
Showing posts with label Salary. Show all posts

Tuesday, January 21, 2014

WSJ: Hottest Job, Compliance Officer

While some sectors of the US economy struggle to create jobs one category is booming: compliance, according the the Wall Street Journal (WSJ).

Fines and penalties and a generally heightened regulatory environment are driving organizations in every industry to augment their compliance departments. The Bureau of Labor and Statistics reports the U.S. unemployment rate for compliance professionals was 5.7% in last year's third quarter, compared with the overall jobless rate of 7.2% in the same period.

"The regulatory environment in the U.S. is driving the hiring. The outlook is very bright for anyone entering into compliance as a career."."
- Paul McDonald, Robert Half International Inc.
Salaries are increasing for the compliance field, growing an average of 3.5% annually since 2011. At a large company, a chief compliance officer can expect to earn from about $162,000 to $232,000 this year, according to Robert Half International.

Experienced compliance professional are in short supply says Cory Gunderson, head of risk and compliance practice at Protiviti, "We're in a battle royal for talent in the compliance space, across the board." To alleviate shortages, and free in-house compliance staff, companies are utilizing low-cost on-demand SaaS analytics services to provide them with actionable intelligence.

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Sources:
(a) Compliance Officer: Dream Career? - www.WallStreetJournal.com, 01/15/2014

Saturday, December 28, 2013

Health IT: Most Got Raises in 2013

Most health IT professionals received raises in 2013, with larger ones going to executive management than to department heads and staff, according to a compensation study by the Healthcare Information and Management Society (HIMSS).

% Average salary of respondents was $113,269 (median, $95,000). While 72% reported a raise, only 46.8% got a bonus; median bonus was 3.5% of the their annual salary.

"Male respondents reported average raises of 4.75%, boosting their average salary to $130,800. Women—who represented 56% of the respondents—reported average raises of 3.71% and an average salary of $99,523.."
- HIMSS 2013 Compensation Survey
Respondents in the Mid-Atlantic states had the highest average salary ($127,549) while those in Alabama, Kentucky, Mississippi, and Tennessee were lowest ($95,243).
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Sources:
(a) Most HIT professionals got raises in past year, HIMSS survey shows - www.ModernHealthcare.com, 12/26/2013

Friday, December 20, 2013

Survey: IT Salaries Increasing

IT salaries will increase in 2014, according to a survey by the Society for Information Management (SIM). An Information Week article also confirmed a trend of rising IT salaries in 2014, from a recent survey conducted by IT staffing firm TEKsystems.
"It's a good time to be a geek: Salaries are increasing...."
- Leon Kappelman, Professor, University of North Texas
The SIM survey also asked CIOs to identify their most important issues for 2014. Analytics and business intelligence headed the list and 20% said skills shortage keeps them awake at night. As organizations ramp up their analytics programs they can utilize low-cost on-demand SaaS analytics services to deliver business insights.
Learn how Veriphyr Identity and Access Intelligence delivers business insights - with no hardware and no on-site software.
Sources:
(a) IT salaries, training on the rise in 2014, says SIM - www.FierceCIO.com, 12/18/2013

Tuesday, August 16, 2011

Not Enough Health IT Professionals - Today & Tomorrow

Pay Rises for Healthcare IT Professionals as Demand Exceeds Supply

Healthcare information technology (IT) hiring and salaries are experiencing rapid growth. And future demand will outpace supply unless significant changes occur in the delivery of healthcare IT.

The average pay for healthcare IT job has increased about 7% since 2009 while other industries have seen no change or pay cuts, according to Alice Hill managing director at career site Dice.com.

Job openings will outstrip the supply of healthcare IT workers by 50,000 positions over the next five years. - U.S. Dept of Health and Human Services and Bureau of Labor Statistics
The key driver of healthcare IT job growth is the transformation of healthcare from paper-based records to electronic patient health information (ePHI), along with the associated patient Web portals and health information exchange (HIE) networks.
Total cash compensation, including bonuses, for healthcare IT staff increased at nearly double the raises of all other industries - InformationWeek 2011 U.S. IT salary Survey
The government hopes that new graduates and people crossing over from other industries will meet the demand. But industry experts say employers are seeking professionals with previous experience in healthcare.

With all the healthcare organizations that need help deploying electronic health records (EHR), the number of IT professionals with years of experience in healthcare is just too small.

What is your own experience? Are you seeing rising salaries and positions going unfilled? Feel free to share your thougths and experience in our comments.

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Sources:
(a) 2011 Salary Survey - InformationWeek, April, 2011
(b) Where The IT Jobs Are: Healthcare - InformationWeek, July 26, 2011
(c) Health IT Pros Are The New Cinderella - InformationWeek, May 25, 2011
(d) Health IT Tops Jobs List For College Grads - InformationWeek, May 23, 2011
(e) The Workforce Challenge - InformationWeek, December 11, 2010

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