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July 8, 2024
Why CIO pay is increasing
Becker's Hospital Review
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Summary
CIO pay is on the rise, driven by the increasing importance of artificial intelligence in the tech industry. Data from Janco Associates reveals a 7.48% increase in CIO compensation at large enterprises and 9% at midsize enterprises over the past year, mirroring the demand for leaders proficient in AI. With median base salaries now over $220,000 for large enterprises and near $210,000 for midsize ones, total compensation packages can range between $1.5 million and $1.8 million. This rise in pay also aligns with more CIOs reporting directly to the CEO, signifying their growing leadership roles within companies.
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