Compensation for chief information officers is doubling when companies looking for leaders in technology-accelerated business opportunities are looking for leaders only during the epidemic.
The average CIO salary for this year has increased from 21% to 287,500 last year, according to the MONDO. Experienced CIAs in large companies, on the other hand, can expect to earn $ 350,000 in basic wages, up from $ 300,000 last year.
Mondo pulls and analyzes data from 2,500 US assignments each year.
Mondo estimates that the salaries of key intelligence officers for the CIA – 21% – are expected to increase at the same rate between this year and last. In contrast, the salary for chief marketing officer roles is estimated at 15 percent over the same period.
Experts say that the increase in wages is due to the growing role of the CIO in business. From the beginning of CVD-19, corporate technology leaders needed to accelerate their initiatives around the cloud, automation and supply chain, adapting the transition to remote and integrated work.
“More companies are realizing the importance of bringing technology and advanced technology to their companies,” said Scott Spradley, chief technology and automation officer at Tyson Foods. Inc.
“And so they are willing to pay more because they know this will affect the bottom line.”
Mariana Tessel, Intuit CEO, Vice President and Chief Technology Officer Inc.
He said the outbreak has accelerated since 2019. “Technology is getting more and more attention,” she said.
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North American Technology Partner and Digital Officer Experience by Spencer Stewart Leader Edward Stadolnik.
Milind Wagle, Equinix CIO, a digital infrastructure company Ink.,
CIOs are expected to become both technology and business leaders today, he said. “There is a combination of business and IT strategy more than ever.
“Indeed [these] Roles are becoming more systematic, ”said Tessel. Because “technology is becoming a part of everything we do.
Although Ms. Tessel’s base salary has decreased from $ 726,923 in 2021 to $ 700,000 in fiscal 2021, her total compensation has increased from $ 11,016,322 to $ 12,692,385, largely due to increased share rewards and public offerings by the Securities Commissioner.
Public companies must report to the SEC the compensation of their highest paid executives. According to Dennis Baden, a senior management partner at Hydrick and Strags, technology executives, CIAs and other technology executives are appearing in those records..
Proxy applications from Visa Inc.
The total compensation for technology president Rajat Taneja was $ 17,131,764 in fiscal 2021, $ 14,322,301 from last year and $ 11,810,570 in fiscal 2019. During the two years, his base salary rose to $ 1,100,019 from $ 90.0.
“As one of the key pillars of our company’s strategy, technology is an essential design for long-term success for visas,” Mr Taneja said.
John Dere Financial and Dire Dawa and CICO President Rajesh Kalathur received a total of $ 6,307,975 in fiscal year 2021, slightly less than $ 6,512,641 in 2020, but $ 5,437,459 in fiscal year. In 2021, his base salary increased from $ 721,732 to $ 818,855 in 2019.
The company said it was not available for comment.
Employers also said that the gap between supply and demand is increasing CIO’s salary.
“Honestly, I have never seen a market like this,” said Craig Estefanos, senior customer partner and managing director of North American CIO / CTO Practice Corner Ferry. More than 30% to jump from one company to another.
Tyson’s Mr. Spradley said the number of “recruitment calls” has increased dramatically.
Prasad Ramakrishna, CIO by software company Freshworks,
He says he receives two to three hiring calls a month. “Some of them are very strong,” he said.
Tom Peck by Ingram Micro Inc. When he left the post to do the same job in Cisco as the Chief Information and Digital Officer Corporation
In January 2021, he received a base salary of $ 325,000, according to SEC records. Total compensation was $ 3,526,544 last year and $ 39,306 was spent on relocation to Houston.
The company said Mr Peck was not available for comment.
According to Mr. Stephen, the technology capabilities of top evaluation firms against CIAs are declining within the organization. He said salaries for cyber security roles and senior information security officers are increasing in a manner comparable to that of CIAs.
“These roles are definitely getting more and more valuable,” said Emlyn Kun, who oversees Leathwaite’s operations and IT practice.
Write Isabelle Bousquette at Isabelle.Bousquette@wsj.com
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