CIOs gain influence globally
CIOs gain influence globally, but significant salary differentials and higher taxes suggest a talent exodus looming
In a global survey of CIOs undertaken by Harvey Nash / PA Consulting Group, 71% of participants revealed their role was becoming more strategic and, for the first time since the survey began, over half sat on the operational boards for their companies.
Moreover the survey reveals that for many, the recession has acted as a catalyst for the IT department to prove its value to the business, with three-quarters successfully demonstrating cost saving and operational efficiencies to their CEO in the last twelve months.
But increasing influence has not been accompanied by a rise in job satisfaction, and significant variances in CIO remuneration particularly as a result of the devaluation of the British Pound and higher UK taxes suggest the most talented technology executives may look to change jobs and even move abroad as the economy begins to pick up. 43% of CIOs globally expect to be in a new job within twenty-four months.
UK CIOs were paid almost $40,000 less per year than the German average and almost $30,000 less than the US average.
Commenting on the results Albert Ellis, Chief Executive of Harvey Nash said: For many CIOs, the recession has actually had a positive effect on their brand as well as their departments relationship with the business. But CEOs should not confuse CIO success with CIO job satisfaction and, as companies come out of recession, it is becoming increasingly important that they proactively engage, develop and retain their top IT talent.