CIO - Job Description - Salary - IT - News
Baby Boomers are not retiringDecember 2nd, 2013
Wealth and health are two of the four key reasons why baby boomers will be sticking around for a while:
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Lower-than-expected wealth. "Many workers on the verge of retirement are not yet wealthy enough to fulfill their retirement dreams," Bowman and her co-authors reason.
Better-than-expected health. Thanks to advances in healthcare, many older workers still have a lot of value to contributeand the vigor to do it."
Shifts in government policy. "Changes in healthcare policy will presumably make it easier for mature workers to leave or to accept part-time or contractor positions that dont include full benefits. On the other hand, proposed increases in the qualifying age for public pension schemes around the world could lead workers to stick around longer."
Continued demand for key skills. "Organizations are struggling to find and retain the critical skills required to achieve their strategic objectives," the Deloitte team writes. "In many cases, the jobs that are hardest to fill have the biggest impact on performance and require the most experience. This talent gap creates new opportunities for workers near retirement age to extend their careers."
Microsoft stops using stacked ranking for employee reviewsNovember 14th, 2013
Microsoft is abandoning a ranking system that has been blamed for hampering innovation and pitting employees against one another.
Employees learned of the move in an email from Microsoft's executive vice president of human resources.
The system, known as "stack ranking," has become emblematic of much that is wrong with Microsoft's corporate culture.
Employees have called it the most destructive process inside the company, blaming it for crippling Microsoft's ability to innovate.
Stack ranking forced managers to give a predetermined proportion of employees in a team a top, fair or bad annual review, even when all team members did an excellent job.
This led to employees competing with each other instead of competing with other companies.
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Top 10 Cities for CIO compensationNovember 5th, 2013
CIOs' compensation in the 10 highest paying cities based on Janco's 2013 Midyear IT Salary survey were:
- New York - $236,098.00
- San Jose - $214,957.43
- Stamford - $210,435.03
- San Francisco - $207,676.12
- Boston - $190,090.33
- Oakland - $183,859.99
- Los Angeles - $183,568.36
- Denver - $179,370.08
- Washington DC - $178,784.23
- Orange County CA - $175,183.83
IT Job Descriptions
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Pay Trends by Industry: Wildly DiverseOctober 30th, 2013
A recent analysis of executive pay trends at 600 midsize public companies shows that total pay for 2012 - salary, annual bonus and long-term incentives - rose 5% for finance chiefs and 6% for their bosses, compared with the prior year. But pay trends were significantly different from industry to industry, and the CFO and CEO positions had vastly divergent compensation trends in several industries.
Long-term, performance-based pay is generally in the form of stock options or restricted stock. So, the equity markets performance in 2012, when the Dow Jones Industrial Average rose by 7.2 percent, boosted the earnings of technology CEOs that had outsized stock-based pay as a percentage of total pay.
Highest Paid CIOs in publicly traded companies in 2012 as reported to the SEC in 2013
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Recent Career ArticlesOctober 21st, 2013
Recent Career Articles
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- Top 10 CIO Productivity and Budgeting Issues CIO Productivity Kit The best companies, and their CIOs, recognize the importance of ready access to the right information to drive the right choices...
- Employees drive the movement to BYOD and cloud computing CIOs face a security nightmare with the drive towards BYOD and cloud computing High achieving employees typically want newer,faster and higher performance hardware than their...
- IT Job Growth Slows, Though CIOs Anticipate Hiring Next Year IT Job Growth Slows, Though CIOs Anticipate Hiring Next Year Both the New York Times and Janco Associates have say that the job market is...
- CIO and Productivity CIOs drive productivity Looking ahead, managers and CIOs in particular have a focus on productivity. That not only applies to the IT staff but to...
- 10 ways a CIO can get ahead 10 Ways a CIO can get promoted The role of the CIO and CTO is changing as more enterprises more towards a Value Added role...
Technology advances will cause higher unemployment according to both Janco Assocaites and GartnerOctober 12th, 2013
With new advances in technology both Janco Associates and Gartner, say that unemployment, now at about 8%, will get worse. Machines increasingly will replace middle-class workers in high cost, specialized jobs. In businesses, CIOs in particular, will face quandaries as they confront the social impact of their actions.
This shift will affect employment and there will be persistent and higher unemployment.
In previous technological leaps, workers could train for a better job and achieve an improvement in their standard of living. But the "Digital Industrial Revolution" is attacking jobs at all levels, not just the lower rung. Smart machines, for example, can automate tasks to the point where they become self-learning systems.
Smart machines are diagnosing cancer, they are prescribing cancer treatments. These machines can even deliver treatment to the room of the patient."
All kinds of jobs being affected: Transportation systems, construction work, mining warehousing, health care, to name a few. With IT costs at 4% of sales for all industries, there's very little left to cut in IT, but there is a great opportunity to cut labor.
The companies on the leading edge of this trend include Amazon, which spent $775 million last year to acquire Kiva Systems, a company that makes robots used in warehouses. Google is also on the forefront, with its effort to develop driverless cars. Janco Associates says that the jobs most susceptible to machine replacement involve a range of back-office functions, including transactions, specialization, objectivity, high control, high scale, compliance and science.more info
Benefits Impacted by Health-Care ReformOctober 8th, 2013
Companies are carefully evaluating health-care reform, but they are not changing their benefits plans much yet. Even the minority of companies that have significant decisions to make on health care next year are biding their time. Those include employers with more than 50 full-time-equivalent workers that havent been offering health benefits to employees, which they will be required to do for 2015 plan years under the Affordable Care Act or pay a $2,000-per-employee annual penalty.
Companies are increasingly charging more for spouse coverage or excluding spouses from health benefits altogether. As an example he pointed to United Parcel Service (UPS), which said in August that it plans on dropping health-care coverage for spouses who have access to employer-provided coverage elsewhere.more info
Lockheed furloughs 3K as shutdown impact growsOctober 7th, 2013
Lockheed Martin announced plans to furlough 3,000 employees.
The furloughs will happen across all parts of the company starting on Monday, according to a memo released by Lockheed CEO and President Marillyn Hewson.
And things might get worse, according to Hewson.
Unfortunately, Locheed expects the number of employees affected by the shutdown to grow as they experience contractual actions and the impact of furloughs among the Defense Contracts Management Agency and other customer inspectors across our business and our suppliers businesses.
Lockheed Martin, of course, is not alone. The CEO of a midsized company said that about 15 percent of his 2,000 employees are furloughed.
At Lockheed Martin, the company is directing affected employees to use vacation time and floating holidays in lieu of being furloughed. For employees who dont have the vacation time, the company is advancing them 40 hours of vacation time.
Janco is hearing similar approaches from other companies. Several are using paid time off, and at least one has created a PTO bank where people with more paid leave can donate extra time to people who do not.
One company of 320 employees told us that full-time employees will have salaries cut by 15 percent to cover the losses the company is suffering during the shutdown.
Two weeks seems to be the magical number. After that, most people will have used up their paid time off.
Once theyve used up their accrued leave, most employees will have to convert to leave-without-pay. Their basic benefits would continue, but no salary. Not a happy scenario.- more info
Is Microsoft coming to the party too late to save the iconic company Blakckberry?September 18th, 2013
BlackBerry is making plans to layoff up to 40 percent of its staff as it cuts cost. The layoffs, according to The Wall Street Journal, will impact all BlackBerry departments and come at a time when the ailing phone maker is facing punishing competition from Apple and Android-based smartphones.
BlackBerry declined a request for comments on the reports of layoffs but instead issued the following:
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- "Blackberry id in the second phase of our transformation plan. Organizational moves will continue to occur to ensure we have the right people in the right roles to drive new opportunities in mobile computing,"
IT Job Market Digest of Articles at IT JungleSeptember 15th, 2013
The analysts at Janco Associates have been deciphering the latest numbers in the IT slice of the job market, and although August did see a modest gain of 7,000 new IT jobs, many companies continue to wait for the green light from executive management to increase spending.
Victor Janulaitis, CEO of Janco Associates, said his analysts conducted interviews with over 105 CIOs in the last 30 days. Based on those conversations, "we concluded that CIOs want to hire but are being directed to hold off by management."
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