CIOs Gain Influence Globally During 'Great Recession'PA Consulting Group, 71 percent of participants revealed their roles were becoming more strategic and, for the first time since the survey began in 1998, more than half said that they sit on the operational boards for their co companies.
Moreover the 2010 CIO Survey revealed that for many, the recession acted as a catalyst for the IT department to prove its value to the business, with three-quarters successfully demonstrating cost savings and operational efficiencies to their CEO in the last 12 months. Additionally, demonstrating a sense of obligation to their organization, more than 70 percent of respondents indicated a willingness to consider a salary freeze or cut to improve the organizations financial stability.
But increasing influence was not accompanied by a rise in job satisfaction, and significant variances in how CIOs are remunerated throughout the world suggest that the most talented technology executives may look to change jobs when the economy begins to pick up. Globally, a full 43 percent of CIOs expect to be in a new job within 24 months.
The number for U.S.-based CIOs is 38 percent.
Mounting evidence suggests that the recession has had a disproportionate impact on salary and job satisfaction for some CIOs. The gap between the haves and have-nots appears to be widening and could point to a significant migration of CIO talent in the coming years, said Robert Miano, president & CEO of Harvey Nash USA, the U.S. division of Harvey Nash, a global professional recruitment firm and IT outsourcing service provider traded on the London Stock Exchange since 1997.
About the Research
The 2010 CIO Survey was conducted online by Harvey Nash throughout January and February 2010 with 2,655 senior IT professionals from around the world. The survey is global in nature and was undertaken across many different countries, languages and currencies. To receive a full copy of the report please contact: Leslie Vickrey at email@example.com.