March 23, 2011, 8:49 AM — A U.S. president, especially if they win re-election, will have a much better chance of staying in the same job longer than many CIOs, new survey data suggests.
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A CIO who keeps their job for at least four to five years is at least on par with peers in the longevity department, if not outperforming them.
That is what the latest surveys say, but you don't need a survey for a view on the career trajectory of IT leadership .
In the mid-1990s, Frank Petersmark, who eventually would become the CIO of Amerisure Mutual Insurance, was told that the job of CIO works on a five-year cycle.
The first year as CIO is the honeymoon. The second year is about strategy and planning, and the third year about implementing. In the fourth year they (the higher-ups) figure out that the execution isn't going that well, and in the fifth year, you start looking for your next job, Petersmark recalled.
He doesn't subscribe to the five year limit, having held his job at Amerisure for 13 years until leaving at the end of last year. But Petersmark's CIO tenure has out distanced the most optimistic of surveys.
Janco Associates, a management consulting firm that conducts regular salary surveys, reports that the median job tenure for a CIO is now four years and one month. In 2008, Janco said it was four years and seven months. The group's salary survey is based on data from 270 companies in North America, South America and Europe.
Gartner pegs CIO tenure at less than five years .
Janco's CEO, Victor Janulaitis, blames the decline in tenure on the recession and corporate decisions to seek IT changes and new leadership. But he also says the retirement of Baby Boomers is contributing as well.
The Society of Information Management (SIM) said in a survey it presented late last year that the average tenure for a CIO or senior IT leader in the U.S. was five years and one month, compared with the 2009 average of four years and six months.
Jerry Luftman, a distinguished professor of information systems at Stevens Institute of Technology who also conducts the survey for SIM, says tenure is increasing because CIOs are doing a better in establishing their roles as business managers.
The turnover rate has also been impacted by the recession, with Boomers holding off on retirement until their finances recover.