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Chief technology officer hiring summary. Here are some key points about hiring chief technology officers in the United States:
Here's a step-by-step chief technology officer hiring guide:
The job of chief technology officers (CTOs) is to oversee the technological needs and research and development of an organization. The CTOs, who are like chief information officers, make decisions for a company's technology infrastructure that aligns with the organization's business goals. They must ensure that they are updated on new and existing technologies for them to guide the company's future endeavors. Other responsibilities include fixing issues related to information technology, developing and managing the company's technological resources, and participating in management decisions on corporate governance.
The chief technology officer hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A chief technology officer's background is also an important factor in determining whether they'll be a good fit for the position. For example, chief technology officers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of chief technology officers.
| Type of Chief Technology Officer | Description | Hourly rate |
|---|---|---|
| Chief Technology Officer | Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations. | $50-136 |
| Director Of Software Development | A director of software development is primarily in charge of overseeing the workflow and the workforce involved in the entire software development process. Their responsibilities also include creating strategies for optimal performance, coordinating with different teams and departments to identify strengths and weaknesses, implementing training and workshop programs, and liaising with external agencies, including key clients... Show more | $52-109 |
| Director Of Information Management | A director of information management is an information technology expert in charge of spearheading the efforts to manage and develop information systems. Their responsibilities revolve around setting goals and objectives, handling budgets, identifying the company's needs, and performing research and analysis to determine the best practices to optimize business operations... Show more | $45-92 |
Including a salary range in your chief technology officer job description helps attract top candidates to the position. A chief technology officer salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a chief technology officer in Maine may be lower than in Hawaii, and an entry-level chief technology officer usually earns less than a senior-level chief technology officer. Additionally, a chief technology officer with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $207,301 | $100 |
| 2 | California | $185,596 | $89 |
| 3 | New York | $181,388 | $87 |
| 4 | Virginia | $179,919 | $87 |
| 5 | District of Columbia | $174,976 | $84 |
| 6 | Massachusetts | $172,616 | $83 |
| 7 | Oregon | $170,814 | $82 |
| 8 | Texas | $163,546 | $79 |
| 9 | Illinois | $159,959 | $77 |
| 10 | Nevada | $159,632 | $77 |
| 11 | Pennsylvania | $159,366 | $77 |
| 12 | Colorado | $147,654 | $71 |
| 13 | Florida | $142,277 | $68 |
| 14 | Minnesota | $141,381 | $68 |
| 15 | Georgia | $140,967 | $68 |
| 16 | Missouri | $137,193 | $66 |
| 17 | North Carolina | $136,019 | $65 |
| 18 | Arizona | $132,563 | $64 |
| 19 | Utah | $116,224 | $56 |
| 20 | Maine | $109,743 | $53 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | InPhonex | $254,951 | $122.57 | |
| 2 | Community Health Systems | $253,392 | $121.82 | 80 |
| 3 | Rightside | $246,755 | $118.63 | |
| 4 | Cruise Automation | $244,615 | $117.60 | |
| 5 | Zenefits | $243,058 | $116.85 | |
| 6 | Allina Health | $236,896 | $113.89 | 1 |
| 7 | Birchbox | $233,779 | $112.39 | |
| 8 | Palo Alto Networks | $232,654 | $111.85 | 33 |
| 9 | Bloomberg | $229,445 | $110.31 | 17 |
| 10 | Thomas | $228,539 | $109.87 | |
| 11 | Lucid Motors | $225,777 | $108.55 | 13 |
| 12 | Bristol-Myers Squibb | $223,154 | $107.29 | 20 |
| 13 | Maine Health/maine Mental Health Partners | $223,152 | $107.28 | 9 |
| 14 | Coatue Management | $222,969 | $107.20 | |
| 15 | Meta | $222,452 | $106.95 | 119 |
| 16 | Collective | $222,440 | $106.94 | |
| 17 | Rush Street | $222,206 | $106.83 | |
| 18 | NewEdge | $222,082 | $106.77 | |
| 19 | Walmart | $220,780 | $106.14 | 357 |
| 20 | City of New York | $219,366 | $105.46 | 55 |
A chief technology officer job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a chief technology officer job description:
To find the right chief technology officer for your business, consider trying out a few different recruiting strategies:
To successfully recruit chief technology officers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the chief technology officer candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting chief technology officers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
The median annual salary for chief technology officers is $172,989 in the US. However, the cost of chief technology officer hiring can vary a lot depending on location. Additionally, hiring a chief technology officer for contract work or on a per-project basis typically costs between $50 and $136 an hour.