CIOs life span is just five years or less | KPMG | SK

CIOs life span is just five years or less

CIOs life span is just five years or less

CIOs who are “very fulfilled” in their role is at a three-year high - rising from 33% in 2015 to 39% this year. In terms of sector differences, this year the happiest CIOs are to be found in the Energy, Professional Services and Education sectors. However, the CIO life span is just five years or less (59%), although many want to stay longer. This is according to the 2017 Harvey Nash/KPMG CIO Survey, the world’s largest survey of IT leadership.

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CIOs who told that they are ‘very fulfilled’ in their role is at a three-year high. Over the last few years, respondents have gradually been upgrading their preference from ‘quite fulfilling’ to ‘very fulfilling’. And there are plenty of good reasons for this. More than eight out of ten IT leaders are seeing stable or growing budgets. In recent years, the CIO has progressively become more influential. This year, that trend has continued apace with more than seven in ten respondents telling that CIO influence is increasing. More than three-quarters attended a board meeting within the last 12 months.

Although many want to stay longer, the majority of CIOs (58%) can expect to be in the job for five years or less. 28% of CIOs at larger firms more likely to move job this year vs 20% at smaller organizations. CIOs most likely to move job this year are in Charity/Non-Profit, 34% want to change role.

Still, the number of women in IT leadership remains extraordinarily low at 9%, the same as last year. Yet 35% of organizations have a formal diversity initiative in place. Almost half of respondents (44%) are ‘happy’ with their diversity mix, even though female representation remains poor. In a striking development, female CIOs are far more likely to have received a salary increase than male CIOs in the past year, 42% and 32%, respectively.

IT departments seem to be getting bigger. Hiring intent remains broadly positive and, in line with previous years, more than four in ten respondents (44%) plan to increase their technology headcount in 2017, essentially unchanged since 2015. This continues the positive hiring progress that has continued for the past seven years. The fastest-growing technology skill this year is enterprise architecture, up a massive 26% compared with last year.

Two thirds (61%) of CIOs say IT projects are more complex than they were five years ago, and weak ownership (46%), an overly optimistic approach (40%), and unclear objectives (40%) are the main reasons IT projects fail.

"The success of an IT manager is based on their ability to deliver projects in the shortest possible time, cost-effectively and safely," adds Ľuboš Vančo, Chairman of the Partner Board, KPMG in Slovakia.

About the Survey

Harvey Nash/KPMG CIO Survey 2017 is the largest IT leadership survey in the world in terms of number of respondents. The survey of 4,498 CIOs and technology leaders was conducted between December 19, 2016 and April 3, 2017, across 86 countries.

For further information, please contact:

KPMG Slovensko spol. s r.o.
Beata Dubeňová
Marketing and Communication Manager
+421 915 758 925
bdubenova@kpmg.sk

About KPMG:
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 189,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

KPMG in Slovakia is an independent member firm of the global KPMG network. Active in Slovakia since 1991, the firm currently employs more than 300 people and has 11 partners. KPMG in Slovakia provides a wide range of audit, tax, legal and advisory services to domestic as well as international companies across all major industries.

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