Your tech leadership questions, answered
Is it hard to find great tech leaders right now?
In a word: yes! The massive surge in digital transformation projects and the increased recognition that the tech function needs a seat at the table of every organisation, means there is a lot of demand for great tech leaders.
That’s why our super networks are so crucial – we can use our relationships, connections and communities to find someone who is perfect for your role. Finding the right leader will take time and might require looking beyond borders.
So, what should I be looking for in tech leader when hiring?
Of course, technical knowledge and proven experience driving change is a must. However, the best tech leaders around all have other key attributes in common: excellent internal and external stakeholder management, strong communication skills and, crucially, the ability to craft a clear strategic vision coupled with the persuasive leadership skills to realise it.
More importantly, technology leaders need to have a view on the future. While we’re not sourcing fortune tellers, we are working with professionals who have an aptitude to analyse business and consumer trends, who can understand shifts in the marketplace and can help organisations lead from the front. No easy task, but an essential requirement of a technology leader today.
How can I assess tech leaders so I’m confident I make the right hiring decisions?
It’s all about multilevel assessments. Professionals should meet other members of the senior management team, undergo leadership, behavioural and technical assessments as necessary, and should also be assessed for cultural fit.
Essentially, the key is to involve a variety of stakeholders and have a really objective assessment process. On the other hand, this process shouldn’t take too long. It’s a fine balancing act, but we’re here to support you at every stage.
What salary should I expect to pay for a tech leader today?
Salaries can vary dramatically depending on company size, industry or location. For a CIO or CTO at a FTSE 100 in London, you could be looking at a typical salary of between £160,000-£230,000 or £125,000-£165,000 respectively.
At a FTSE 250, these roles could earn up to £150,000 and £125,000 respectively. At an SME, CIOs, CTOs and IT Directors can earn up to £125,000, £120,000, and £110,00 in London and the South East, although these roles typically earn less in other regions of the UK.
A Head of IT, Service Delivery, Infrastructure, Development, IT Security, or Business Intelligence will typically earn between £65,000 to £95,000.
Day rates for contracting leaders will also vary according to company size, location and experience. For example, in London and the South East, a contracting IT manager can earn up to £700 a day. However, a contracting Head of IT can earn up to £850 a day, an IT director at an SME up to £1,000 a day and at a FTSE 100 up to £1,300 a day.
A contracting CTO at a FTSE 100 can earn up to £1,300 a day and a contracting CIO at a similar-sized organisation up to £1,500 a day.
Aside from a good salary, what should I do to attract the best tech leaders to my organisation?
Get the salary at the right level and then make sure the overall package is competitive. A good suite of benefits is a nice to have and so is an exciting, inclusive workplace culture.
However, to really ‘clinch the deal’ with great tech talent, you need to stress the strategic objectives of the role and highlight that these objectives have buy-in throughout the organisation.
Take the time to let candidates know that your organisation has a ‘digital first’ ethos, and that this role is a real opportunity to drive the whole business forward.