- CIOs will continue to garner high salaries from employers, even even with slow economic growth and decreasing wages in other jobs, according to industry analysts and recruiters, the Wall Street Journal reports.
- In December, when compared to the month before, CIO wages increased 4.9%, according to a report from recruiting firm Robert Half International Inc. Wages for other high-level IT roles, like chief technology officers and chief security officers, also had similar salary growth.
- Last year, CIO salaries ranged between $157,000 to $262,500. Now, that their salaries range between $172,000 to $268,250.
Part of the salary increases is because CIOs are increasingly becoming key to their company’s decision making processes, and many now report directly to the CEO, according to the Journal.
Broadly, U.S. wages in February fell 0.1% from January, the Labor Department said Friday. But despite global market uncertainties, many companies continue to seek out CIOs that can help them drive growth through technology. And, they continue to pay well.
In January, Robert Half Technology released its 2016 Salary Guide for Technology Professionals and found there is still more demand than supply for IT professionals, creating a competitive environment with many financial incentives.