Top CIOs Compensation
The federal securities laws require clear, concise and understandable disclosure about compensation paid to CEOs, CFOs and certain other high-ranking executive officers of public companies. Several types of documents that a company files with the Commission include information about the company's executive compensation policies and practices. You can locate information about executive pay in: (1) the company's annual proxy statement; (2) the company's annual report on Form 10-K; and (3) registration statements filed by the company to register securities for sale to the public.
As a part of documents that need to be filed by public corporations, the total compensation of the top 3 paid executives in these corporations needs to be published each year. From those records we have identified these information technology executives who fall in that category. This is not an all inclusive list of the highest paid IT executives, but a snap shot of their compensation and other CIOs can are paid more.
The Janco Associates, Inc. salary survey draws on data collected throughout the year by extensive internet-based and completed survey forms sent to businesses throughout the United States and Canada. Over 300 companies participate in the survey.
The 2012 IT Salary Survey is good news for IT Professionals. The survey shows that hiring is picking up in some sectors of the IT job market, salaries have stopped falling, and for selected positions there has been an increase in compensation - especially for CIOs. Even though many fear a second dip in the economy, CIOs in larger enterprises have been give the ‘yellow light’ to look ahead and fill positions that were left unfilled last year., The same is not the case for mid-sized companies. They are much more cautious and concerned that the recovery will not be strong enough to support increased IT spending. In follow-up interviews of the participants we found that CIOs are starting their 2011 planning processes with the assumptions that the economy will improve in the first part of next year. If that holds true them hiring and compensation should pick up.