Now in its 16th Year the Harvey Nash CIO Survey is one of the largest studies of its kind
Your participant reference: dMjC00HYW9BEvTsIQhxN
Your job title: CIO
Your region: United States
Your gender: Male
Your CEO’s focus on projects that Make Money is similar to almost two-thirds of the respondents of the survey.
In the last three years the CEO’s Make Money agenda has been growing - rising from 56% in 2012 – possibly reflecting more benign economic conditions. The Make / Save focus does vary per industry though, Charities focus more on Save, Financial Services more on Make. Use the options at the top of the chart above to see how your industry compares with others.
When thinking about whether IT is viewed as a source of competitiveness or a utility your company is in the middle 40% of companies (categories 3 & 4) that do not strongly lean towards either view.
Although competiveness does vary by industry the biggest surprise was just how strong the connection was between competitive edge and reporting line. You indicated your reporting line was: Chief Executive / MD - as you can see from the graph below the boss is quite a strong indicator of how technology is viewed in the company.
If you report to the CEO you are almost seven times more likely to view technology in your business as fundamental to competiveness than if you report to the CFO. Whether that is because the CEO is a great exponent of the competitive advantages of technology, or that CIOs who promote this aspect of technology are more likely to be promoted is hard to tell. But either way CIOs with a ‘competitive’ agenda seem to perform better under the CEO than other job functions. Perhaps more surprisingly, reporting to the CIO isn’t that far behind reporting to the CFO in terms of seeing technology as a utility rather than a source of competitive edge of technology.
In the last year the proportion of IT leaders who either solely or jointly own the digital strategy has gone down from 56% to 50%, in most instances relinquishing ownership to marketing. As someone in a department which has less involvement in the digital strategy you are similar to many of your peers in having less influence in this area.
Sector does play a role on how digital is controlled – for instance IT teams in Technology companies are 38% more likely than Charities to have sole or joint ownership. Use the options at the top of the chart above to see how your industry compares with others.
Who you report to does also appear to have an effect on the ownership of digital, with a CEO / MD reporting line being the most likely to get the CIO involved in digital.
Reasonable extent – one or more core systems are hosted in the Cloud
Your use of cloud technology is similar to your peers.
Looking forward, almost two-thirds of your IT leader peers are actively promoting its use amongst the business. This is a position you appear to agree with.
More than half of IT leaders have yet to put even one core system onto the cloud, so there is still some way to go in this area.
Sector is a big indicator of cloud usage: 32% of Technology companies use Cloud to a Great Extent, compared to just 9% of (possibly security conscious) Financial Services companies. Use the options above for comparisons.
2 - 5 years
You have spent broadly the same amount of time in your role as your IT leader peers.
Two to five years is the most common length of time spent in role often because it takes this period of time to see through major changes or projects. Beyond 2 – 5 years it becomes increasingly common for technology leaders to look for new challenges, either internally or outside the company. Looking for a new opportunity before two years can sometimes look a little too soon in the eyes of potential employers, although there are plenty of reasons why this might be the right thing to do.
Base: $200,000 - $210,000
Budget: $50m - $100m
Compared to Technology leaders with a broadly similar budget, your base salary appears to be similar (within 10%).
Of course budget size is only one factor; your sector plays an important role too (with Financial Services and FMCG CIOs at the top, and Charity, Construction, Public sector and – perhaps surprisingly – Legal towards the bottom). A little while back we wrote an article about how all these things relate. You can find it on CIO Magazine’s website here.
Dissatisfied – I believe it is less than the market average
You are less happy than your peers when it comes to salary satisfaction.
Can money buy you happiness? Well, judging by the chart above the answer appears to be yes as (perhaps unsurprisingly) satisfaction with salary goes up with salary. That said, if you isolate the ‘extremely’ satisfied people the graph would level out at just under 20 per cent at $200K upwards – so whilst money can buy you broad satisfaction, it can’t buy you ‘extreme’ satisfaction.
What’s more interesting is how job fulfilment goes up with salary. The Harvey Nash CIO Report team were expecting the line to be flatter because there are a lot more variables at play here. Bigger salaries usually imply bigger budgets, bigger responsibilities, bigger challenges – and we weren’t expecting everyone to think big is beautiful. But it seems respondents to the CIO Survey did think just that!
What is striking overall is just how high the general levels of satisfaction are. Being an IT Leader is a good place to be and, as you will find in the Harvey Nash CIO Survey 2014, it’s set to get even better.
Should we do this again?
It took a fair bit of time compiling these reports and we learnt a lot in the process. Now we have got the basics right, next year's reports will have even more data and insight in them. But the question is should we do it again? We only will if enough people tell us to!!
From Virtual to Reality – your invite to our exclusive event
Harvey Nash are hosting events throughout the world to discuss and debate the findings of this year’s survey. They are entertaining, informative and a great opportunity to network with your peers over a glass of wine. If you are a CIO or technology leader we’d love to see you at one. Currently confirmed dates: