Janco Associates today released data from its 2009 Mid Year IT Salary Survey that proves compensation for isn't improving, but declining slightly as more companies prepare themselves for a long economic recovery.

"The current economic climate with its cost-cutting mindsets, business closures and extensive outsourcing has put such a great pressure on the IT job market that overall pay has been impacted," said Victor Janulaitis, CEO of Janco, in a statement. "Added to that, many baby-boomers who had planned on retiring in the next few years are not leaving the job market and you have more potential employees than positions available."

According to the survey of 215 large companies and 526 mid-size organizations, fell an average of .19% overall, with midsize enterprise IT executives seeing a nearly 2% decline in total compensation between January 2008 and June 2009. Middle managers at large organizations saw total pay decline by close to .5% as well. The mean compensation, including bonuses, for all IT executive positions surveyed was $142,753 in large enterprises and $123,728 in midsize enterprise companies. Both figures represent a decrease in total compensation on average across some 73 positions surveyed.

"Since the fall of 2008, it has been a very 'poor' period for IT professionals' compensation. Not only has mean compensation decreased due to the lack of bonuses but the supply of IT professionals has exceeded the demand," Janco's report reads.