CIO Tenure is 4 years 4 months

CIO Tenure 4 years 4 months

In a survey of companies in the United States, South America, and Europe Janco has found that newly hired CIOs jobs are not very secure in the current economic conditions. The CEO of Janco, Victor Janulaitis said, “We have seen a fairly steady change in the roles and successes of CIOs. We conducted a preliminary review of CIO turnover in a number of companies. The companies were of all sizes and our preliminary results are that the median length of employment was approximately 4 years and 4 month.” He added, “There are a fair number of CIOs who have been in their positions for over 7 years, many of them are close to retirement age but have retirement portfolios that are not as large as they had hoped. As a result we feel that many of these executive will defer their retirements for at least one to two years. That is not a good sign for the next level down who want to be promoted.”

CIO tenure

 

Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, a Graduate School at Harvard University, been a guest lecturer at the UCLA's Anderson School of Business and several other universities in various programs.Prior to Janco, he was a Vice President at Index Systems and found PSR, Inc. and internationally recognized consulting practice.