What is a CIO salary?
A Chief Information Officer (CIO) has the ultimate responsibility for technology, teams, and suppliers. They provide clear oversight of systems, processes, data reporting, and staff.
What is the salary for CIOs in the UK?
According to recent surveys, a CIO salary can be up to £250,000 per year. Some of it depends upon experience, but where they work also has a considerable effect on a CIO’s salary. The base salary in London averages £181,900. This is a wide range, which is why assessing a CIO salary can be complicated.
How to determine a CIO salary?
Where a candidate fits on the range above depends on some key factors relating to the CIO role itself, including:
1. To what extent is the CIO responsible for IT strategic decisions? Are they accountable for strategic IT direction or just operational decisions?
2. To what extent do they contribute to business strategy? More specifically, do they contribute IT innovations and options for the business? Do they translate business strategy into IT strategy?
3. To what extent do they lead projects that address changes to process, technology, organisation, and reporting? Or do they just handle the technology component?
4. What experience do they have in terms of internal team size, expenditure on products and services, complex contract management, and potential impact of failure or security breach?
Overall, the CIO is an extremely important position that can have a huge impact on a business. The CIO’s salary needs to reflect that. (For more information about the role itself, see our article, What is the meaning of CIO? ).
If you have questions about the role of the CIO and their salary, we can help. We interview, screen, select and develop more Board-level IT leaders than any other organisation. We’re always happy to discuss the recruitment process or any other IT challenges or opportunities.
Why Freeman Clarke?
Freeman Clarke CIOs work on a ‘fractional,’ or part-time model. This provides a business with first-class technology leadership without the full-time cost.
Our fractional CIOs are uniquely suited to mid-market businesses. They have outstanding technical expertise. They are strategic thinkers. They understand how to use technology to drive growth. But they are also suited to the culture and reality of mid-market business.
Whatever the remit, our CIOs operate from the fundamental idea of linking a business’s systems and digital strategy to business objectives. This should be the goal of every innovative company because when the two disciplines are connected, we see real, sustainable growth.
To find out more about how we could add value to your business, Contact Us and we’ll be in touch for an informal conversation.