The old adage "money doesn't buy happiness" proves true in a new survey of IT leaders commissioned by executive search firm Harvey Nash USA and sponsored by KPMG. The survey, which drew 258 responses from CIOs, CTOs, senior- and mid-level IT managers and other C-level executives, found that IT leaders' compensation is on an upward trajectory.
According to the results, 75 percent of respondents earn a base salary of more than $US125,000 per year; that's up from 70 percent last year and 36 percent two years ago. And 56 percent of respondents say that they earn an annual salary of more than $US150,000, compared with 41 percent last year. At the top, 29 percent of respondents report earning more than $US200,000 per year, compared to 19 percent last year. Harvey Nash's findings look similar to the compensation data from our 2008 State of the CIO research.
In addition to increases in base salaries, more IT leaders are getting retention bonuses. The number of IT leaders receiving such bonuses has skyrocketed in two years, from six percent to 22 percent, says the Harvey Nash survey.
No wonder that 80 percent of respondents report being satisfied with their compensation.
Despite the money they're making, fewer IT leaders say they're satisfied with their jobs this year. In 2007, 88 percent of IT leaders called their jobs fulfilling, compared with 79 percent this year. And one-fifth of respondents (21 percent) don't find their jobs fulfilling.
Consequently, 28 percent of respondents say they're hunting for a new job and the 54 percent who aren't actively looking say they'd entertain calls from recruiters.
One factor fuelling that eagerness to switch jobs: CIOs feel less influential in their roles and in their organizations, according to the survey. The number of CIOs who view their role as becoming "more strategic" to their company declined from 80 percent last year to 69 percent this year.
What's more, fewer IT leaders now report to the CEO. Only 29 percent of the Harvey Nash survey respondents say their boss is the CEO, compared with 36 percent last year. (In our research, 41 percent of State of the CIO survey respondents call the CEO boss.)
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Zones provide focussed content from CIO and leading technology partners.- White PaperYour organisation may well have devised and implemented an Acceptable Use Policy (AUP) some time ago in order to guard against the risks of inappropriate use of computer systems by your workers, but are you confident that your AUP remains 'fit for purpose'? Read on to discover how you can enhance the effectiveness of your AUP.
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Discover how SOA can create smarter outcomes for your business.
Attend and learn:
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CIO Live Podcast #79: Brent D Taylor, author of The Outsider's Edge: The Making of Self-Made Billionaires Part II 05 October, 2007 06:00:00
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CIO Live Podcast #78: Brent D Taylor, author of The Outsider's Edge: The Making of Self-Made Billionaires 28 September, 2007 17:34:25
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CIO Live Podcast #77: Panasonic Speeds Up Trans-Pacific File Transfers, Part III 21 September, 2007 07:00:00
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CIO Live Podcast #76: Panasonic Speeds Up Trans-Pacific File Transfers, Part II 14 September, 2007 07:00:00
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CIO Live Podcast #75: Panasonic Speeds Up Trans-Pacific File Transfers, Part I 07 September, 2007 07:00:05
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TJX Maxx hacker banged up for 30 years 09 January, 2009 11:26:00
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Data breaches rose sharply in 2008, says study 08 January, 2009 08:27:00
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Rogue SSL certificate exploit puts VeriSign on the spot 07 January, 2009 11:04:00
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With Gaza conflict, cyberattacks come too 05 January, 2009 08:03:00
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5 ways to secure your Blackberry 18 December, 2008 12:58:00
What do Tom Cruise and the McCain campaign have in common? They have both been bitten by the loss of a Blackberry. Mobile expert Dan Hoffman gives advice on how to keep your cherished mobile device safe, even if it's out of your handsWhat do Tom Cruise and the McCain campaign have in common? They have both been bitten by the loss of a Blackberry. Mobile expert Dan Hoffman gives advice on how to keep your cherished mobile device safe, even if it's out of your hands.
IT industry veteran advises caution on outsourcing selection in light of Satyam problems 09 January, 2009 21:45:00
Research software developer appoints Susan Dart to new Business Development Director role 08 January, 2009 09:08:00
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Anyware Introduce Two Powerful PCI TV Tuner Cards with S5 Power Up and Windows Media Center Remote 07 January, 2009 17:30:00
Fortinet Cures Mobile Phone “Curse of Silence/CurseSMS” Attack 07 January, 2009 16:30:00
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Best Practice in Building an Integrated Information Management Strategy
Discover the business value that creating an integrated information platform can bring. Learn how to provide consistent, accurate information to all stakeholders within your business network. Integrate vital data from disparate sources and deliver a trusted information foundation. Read on to uncover the stepping-stones to your new information management strategy.
