CIO jobs are not as secure as they used to be
CIO Median Tenure is just over 4 years - In a survey of companies in the United States, South America, and Europe Janco has found that CIOs jobs are not very secure in the current economic conditions. The CEO of Janco, Victor Janulaitis said, “We have seen a fairly steady change in the CIO positions for several quarters. As a result we conducted a preliminary review of CIO turnover in a number of companies. The companies were of all sizes and our preliminary results are that the median length of employment was approximately 4 years and 1 month.” He added, “There are a fair number of CIOs who have been in their positions for over 7 years, however many of them are close to retirement age. As a result we feel the median length of employment for the CIO position will not increase any time soon. The good news is that there will opportunities of others to move into those positions”
Janco conducted this survey via telephone and email. These results will be published in Janco’s Mid-Year IT Salary Survey which is due to be released in late June of this year.
Summary Janco 12 month comparisons show that mean compensation (which includes bonuses) for all IT executive positions in large enterprises surveyed is $140,960 (an increase from $140,267 in 2010) and $123,378 (a slight increase from $123,301 in 2010) in mid-sized enterprises. Overall compensation for all IT Professionals has increased from $77,604 to $77,873; however the study shows that there was a 5% decrease in the number of employees receiving personal performance bonuses while there was 5% increase in those receiving enterprise based performance bonuses. Mr. Janulaitis said, “Bonuses are showing that companies are look for enterprise revenue improvements and want to motivate employees to focus on improving the company’s bottom line over and above everything else.”
Janco has captured IT compensation data since 1996 and publishes its IT Salary Survey semi-annually. The IT Salary Survey is based on Janco’s IT professionals’ compensation database. Compensation benchmark hiring and salary ranges are established for each position surveyed. In analyzing the study data, the upper and lower quartiles are eliminated to determine the benchmark ranges. The benchmark ranges are then used to assess the alignment of a company's actual compensation to the marketplace for each job function.
The tables below show the net chage in the number of jobs and the total IT Job Market.