Are You Adequately Compensated?
A few weeks ago, my colleague Chris Koch blogged about CIO's salaries. He thinks CIOs are underpaid for the responsibilities they hold. He bases his opinion on CIO's 2007 State of the CIO research, which shows that IT executives' salaries have declined since 2002. Today, as part of CIO.com's package of stories on compensation, I'm writing to respectfully disagree with him. (Sorry folks, you'll find no entertaining "Jane, you ignorant slut!" type epithets between Chris and me; we keep our debates dignified, much like the ancient Greek philosophers.)
Before I explain my rationale for contradicting Chris's contention about CIO salaries, I should note that playing devil's advocate with him will have one of two outcomes: He'll either think my post unworthy of response and he'll ignore it, or he'll pen a rebuttal in which his logic and reasoning completely blows me out of the turbid blog waters—albeit in his characteristic respectful yet forceful manner—and has me scuttling off to a remote virtual cave for cover, where I'll lick my wounded ego. Of course, there's a third outcome, also highly likely, which involves the firestorm of criticism and "Meridith you idiot" type barbs I'll likely inspire in readers for voicing the unpopular opinion on the subject of CIO salaries (read: they earn plenty!) I assure you that I'm not disagreeing with Chris for the sake of being contrary and fomenting controversy: I really do have a beef with the data Chris presented in his blog entry that forms the basis of his thesis.
According to our 2007 State of the CIO research, the average CIO makes $23,562 less than s/he earned five years ago. Our research also shows that CIOs' "average salary has remained flat since last year [2006] and has risen only one percent since 2002." Those data points are what gave pause to Chris and formed the foundation of his blog post. My problem with those numbers is that I don't think they accurately reflect total CIO compensation. When polling CIOs about their earnings, you can't ask them just about their salaries; you have to ask them about their total compensation because they're not compensated like Chris and me and the rest of the proletariat.
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