CIOs who made the Million Dollar Club
Twenty CIOs made the million dollar club. The thing that is interesting to note is the volatility of movement on the list it is up or out. Not too many of these executives stay in the same place for a long time.
IT hiring slows
IT job market monthly growth has trended down for the three months
The latest BLS data shows a slight increase in the number of new IT Jobs - 2,500 jobs added in September. The CEO of Janco Associates, Mr. Victor Janulaitis said, "Based recent interviews of 94 CIOs in the last 30 days, we concluded that CIOs are again in a mode of controlling spending.
Updated with the latest IT Job Market statistics
Historic IT Job Market Growth Slows in CY 2024
For current analysis of this data, go IT Job Market Size to see the historic job market growth trend data
Data as of end of the 1st Quarter of 2024
Mid-Year IT Salary Survey
Janco has compiled IT compensation data since 1996 and publishes its IT Salary Survey semi-annually. The IT Salary Survey is based on Janco's IT professionals' compensation database.
A summary of the most recent salary survey can be obtained by visiting Janco IT Salary Survey at https://e-janco.com/salary.htm.
Hiring Best Practices Hiring is the most critical aspect of a CIO's role.
For a CIO it can be fatal if they hire a new employee that is a mismatch
Background screening is a critical part of the hiring process for the majority of organizations today, but it is even more essential in the current economy for several reasons. eJobDescription.com has found that a shortage of key skills is the number one challenge facing CIOs and IT functions. This may seem counter-intuitive at first given the news of continued high levels of unemployment and a "jobless" economic recovery. However coupled with many discussions with CIOs and HR professionals in end-user organizations, confirms that finding the right talent - the talent with the right mix of skills, behaviors and values to fit with the organization - is still a challenge. In fact, more applicants in the pool makes filtering and screening even more critical to ensure that time isn't lost on applicants who aren't a good fit or who might not be qualified for the position.
Hiring managers understand that a often an individual's capabilities are not necessarily a good fit. Capability refers to the skills, tools and experience that a person needs to successfully perform a job. It is not new information that many applicants exaggerate their abilities on their resumes and job applications. Things to look for are:
- Skills Definition - Good Job Descriptions - Do you know what skills are needed to succeed and whether the employee possesses those skills? If they do not possess the necessary skills, how will the CIO help them to acquire them, and how long will that process to take? It is in everyone's best interest for the CIO to set appropriate expectations for the employee from the beginning. This is especially true if the position requires unique technical capabilities.
- Tools Definition - Good IT Infrastructure - Even if an individual has the skills and experience to do the job, do they have the tools to deliver peak performance? For example, a highly skilled and experienced web designer cannot build a website without adequate computer hardware and software. The tools do not have to be the most up-to-date, but a system that crashes can be incredibly frustrating and unproductive, even to the best performer.
- Experience - Just because an employee has the skills to do a job does not mean that they has the experience to apply those skills in his specific position. This is especially true for recent graduates, outside hires from different industries and internal hires from different departments. While the required skills may be similar from one job to the next, differing applications and terminology may require that the new hire take time to learn the nuances of his new position.
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