CIOs Are Upbeat About Job, Leadership Presence

 
 
By Dennis McCafferty  |  Posted 06-12-2014 Email Print this article Print
 
 
 
 
 
 
 
 

All things considered, CIOs are in a good state of mind these days. The dark days when they had to squeeze IT budgets and trim headcount due to the Great Recession are behind, as tech budgets appear to be on the rise, according to a new survey from Harvey Nash. On a more personal level, the vast majority of CIOs say they feel fulfilled in their current role, even if many express intentions to pursue a different job in the near future. Sure, there are issues to resolve—especially the retention of top IT performers—but CIOs express overall encouragement about their present and future. "[CIOs] are focusing on adding value to their organizations rather than focusing exclusively on the relentless assault on costs," writes Jonathan Mitchell, chairman of Harvey Nash's global CIO practice, in the report's executive summary. "Skills are in demand and technology is making an ever bigger impact on people's lives and the fortunes of corporations and public sector bodies alike…. It's clear that it is indeed a great time to be an IT Leader." Harvey Nash is a global professional recruitment firm and IT outsourcing service provider. More than 3,200 CIOs and tech leaders took part in the research. For more about the survey, click here.

 
 
 
  • Tech Leadership Growth

    44% of executives describe themselves as "CIOs," up from 11% a decade ago.
    Tech Leadership Growth
  • Chain of Command

    32% of CIOs report to their CEO, and 18% report to the CFO.
    Chain of Command
  • A Growing Presence

    50% of CIOs sit on their organization's executive committee, up from 38% a decade ago.
    A Growing Presence
  • Spending Surge

    46% of CIOs and other tech leaders say their IT budget is increasing, up from 25% five years ago.
    Spending Surge
  • Steady Status

    41% say they've been in their current role for at least five years, and 78% describe themselves as feeling "quite" or "very" fulfilled with their job.
    Steady Status
  • Career Plan

    One-half would like to be in a new role within two years, but just 21% say they're actively seeking and applying for a job.
    Career Plan
  • Tech Commitment

    43% would like to move on to a more senior-level IT position, compared to 32% who would like to become a CEO or other non-tech senior leader.
    Tech Commitment
  • Pay Freeze

    31% say their salary has risen in the last 12 months, but 60% say their compensation has remained flat.
    Pay Freeze
  • Evaluation Tool

    53% say their personal bonus is linked to their ability to meet or surpass key performance indicators.
    Evaluation Tool
  • Bothersome Issue

    90% are either concerned or have a "great concern" over the retention of their best IT talent.
    Bothersome Issue
  • Top Tech Employee Retention Strategies

    Getting the right talent in the right role: 54%, Mentoring: 53%, Implementing management training and education: 48%, Giving performance bonuses: 45%, Providing flex-time and other preferential work accommodations: 42%
    Top Tech Employee Retention Strategies
  • Declining Share

    50% say that IT owns the digital strategy (as opposed to the marketing department), down from 56% last year.
    Declining Share
 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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