Is It Time to Ask for a Raise?

Susan Nunziata, Director of Editorial | 5/20/2014 | 95 comments

Susan Nunziata
Is it time to ask for a raise? If you're a female IT executive, or more than 55 years old, your answer might well be a resounding "Yes!" Let's take a look at highlights of the InformationWeek 2014 US IT Salary Survey, released May 19, to see how your compensation stacks up.

This far-reaching survey polled more than 11,000 respondents in all walks of IT life -- from admins and developers to C-level executives. The survey results are broken up into a series of reports on InformationWeek.com. There's a wealth of valuable information here for those looking to hire as well as for those who are looking to advance their own careers.

For today, though, I'm looking only at one slice of the results: IT executives.

In this category, the survey received responses from 328 CIOs, 239 CTOs, and 447 VPs of IT. What interests me most is what the survey reveals about median compensation for IT executives "of a certain age" and for females in these leadership roles. Let's start with the basics: How much do IT leaders earn? The table below shows median compensation levels for each job title over the past three years.

Table 1: Median Total Cash Compensation*

 Title   2014   2013   2012 
CIO $163,000 $167,000 $161,000
CTO $131,000 $148,000 $129,000
VP of IT $163,000 $170,000 $156,000
*Includes any bonuses and direct cash payments in the last 12 months). Source: InformationWeek 2014 US IT Salary Survey: Executives, May 2014.

Pinpointing a single median salary is challenging, according to the report, because of the sheer number of industries and company sizes covered:

    The median total cash compensation — $163,000 for CIOs and VPs of IT and $131,000 for CTOs — hides a big spread industry to industry, and within sectors. Among consulting and business services, one of the largest groups in our survey, base salaries range from $25,000 to $400,000. We saw similar disparity among IT vendors, financial services firms, and government and education.

With that caveat in mind, the report does reveal some good news for IT executives aged 46 to 55; survey respondents in this age group were the best compensated among their peers.

This lines up with the median number of years respondents have served in IT: 22 for CIOs, 21 for CTOs, and 20 for VPs of IT. The survey results also belie the myth that CIO jobs are short-term positions; the median amount of time respondents have been with their current companies is seven years. In addition, the vast majority of CIO respondents (73 percent) have worked at only one or two companies in the past 10 years.

Table 2: Annual Median Base Salary by Age

 Title   26-35*   36-45   46-55   Over 55 
CIO $118,000 $121,000 $175,000 $157,000
CTO $90,000 $120,000 $134,000 $135,000
VP of IT $112,000 $140,000 $153,000 $138,000
*Low base of respondents; use with caution. Source: InformationWeek 2014 US IT Salary Survey: Executives, May 2014.

When it comes to gender, median total compensation for male respondents is $25,000 higher than for females. According to the report, median total compensation for the 997 male IT executives responding to this survey was $160,000, compared with $135,000 for the 101 female respondents. Among VPs of IT, male respondents earn $139,000 compared with the $125,000 earned by their female counterparts.

Table 3: Annual Median Base Salary by Gender

 Title   Male   Female 
CIO $143,000 $130,000
CTO $145,000 $133,000
VP of IT $139,000 $125,000
Source: InformationWeek 2014 US IT Salary Survey: Executives, May 2014.

We'll be covering additional highlights from the InformationWeek 2014 US IT Salary Survey in the weeks ahead. Meanwhile, tell us what you think. Are these results going to send you rushing into the executive offices demanding a pay raise? Or do these median salaries help you feel better about how you're compensated in your own career? Tell us about it in the comments field below.

View Comments: Threaded | Newest First | Oldest First
ProgMan   Is It Time to Ask for a Raise?   5/20/2014 11:27:34 AM
I think the thing that surprises me the most..
and pleasantly surprised, is that 73% of CIOs have been with only one or two companies in the past 10 years.  For some reason I see that type of position being a turnstile of suits, glad to hear I'm wrong.  The gender disparity does not surprise me, unfortunately.

Excellet article Susan.
Pedro Gonzales   Is It Time to Ask for a Raise?   5/21/2014 11:08:19 AM
Re: I think the thing that surprises me the most..
I had no idea the gender salary gap what that high.  The salary also depends on location, if you don't live in a big city like San Francisco your salary could be lower which is compensated by the lower living cost.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 12:08:04 PM
Re: I think the thing that surprises me the most..
@Pedro: yes, very good point, there is a regional difference in salaries, which I did not delve into for this particular piece. However, according to the report, the differences are not as great as you might imagine, given the differences in cost of living. In fact, median salary in the Pacific region, where cost of living is astronomical, is actually lower than most other regions.

Here's a breakdown of 2014 median base salaries for IT execs by US region:

Northeast: $148,000

Midwest: $120,000

South Atlantic: $143,000

South Central: $130,000

Mountain: $140,000

Pacific: $134,000

 
StaceyE   Is It Time to Ask for a Raise?   5/31/2014 4:42:52 PM
Re: I think the thing that surprises me the most..
@ Susan

Thanks for the great information in this article!
Umair Ahmed   Is It Time to Ask for a Raise?   5/25/2014 8:19:35 AM
Re: I think the thing that surprises me the most..
@ Pedro: Excellent point! Salary varies location wise. And sometimes the difference in living cost between two locations is higher than the difference is salary.  And there are other factors like time commitment, binding contract, growth opportunities, all contributes to the difference in salaries. So, just measuring the take-home pay in isolation wouldn't be the true comparison.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 11:15:55 AM
Re: I think the thing that surprises me the most..
@ProgMan: I found that encouraging too, especially with so many industry experts telling us the average span of a CIO's tenure at any one company is 18 months at best. Although, our own community does belie that statement, as I know at least two of our CIO/CTO wrtiers have been with their current organizations for many years.
zerox203   Is It Time to Ask for a Raise?   5/20/2014 12:39:41 PM
Re: Is It Time to Ask for a Raise?
This is a very interesting little slice of the pie, and it turns out there's a lot you can glean and infer from just a little information. As the folks at InformationWeek rightly point out, 'CIO' is a pretty broad term, as everyone from the smallest non-tech company up to the biggest technology firm technically needs someone with the title. While that does dilute the waters a bit in terms of reading too much into the info we have, it also gives us the confidence that we're getting a pretty complete picture that takes most everyone into account.

Indeed, just the little sections on the compensation by age gives you a good insight into what each of those people's career paths must have been like. You can imagine the venerated 55+ CIO being promoted into his position after years of IT middle-management, where the CTO (who makes a little less) might be more likely to have been shifted from another C-position (or another company). Who knows if any of that is really true (and there's way too much variance to say) but the stat about 7 years average at one company is very telling. Like Progman said, that alone is refreshing to hear.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 11:25:38 AM
Re: Is It Time to Ask for a Raise?
@zerox203: you're right, and it's possible to infer that for those 55+ who may have climbed the ladder when salaries and cost of living were lower would naturally show a lower median versus those who came into the position during the best years of tech growth. 

Here's a little more perspective on how the respondents break down by age groups:

Over 55: 20%

46-55: 40%

36-45: 30%

26-25: 8%

So, 60% of respondents are aged 46 and over, which I find encouraging in what we assume to be a youth-obsessed business.
Sara Peters   Is It Time to Ask for a Raise?   5/20/2014 5:35:49 PM
gender gaps, still
Good stuff, Susan. When I looked at the numbers for the security managers that gender gap was even worse. When you look at total compensation, and not just base salary, male security managers were bringing home $27,000 more than female security managers. Yowza.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 11:29:34 AM
Re: gender gaps, still
@Sara: Holy Cow! How big was the cohort of female security professionals? I was speaking with a CISO at the MIT CIO Symposium yesterday who said the male/female ratio for security pros was about 80% male / 20% female. Is that consistent with what you saw in the salary survey?

And, oh, BTW, for those who are intersted in checking our Sara's article for InformationWeek: 2014 US IT Salary Survey: Security
Sara Peters   Is It Time to Ask for a Raise?   5/22/2014 11:57:08 AM
Re: gender gaps, still
@Susan  Actually it's worse than 80-20. This year's survey only 14% of the security staff and 10% of the security managers were women. It's an issue!
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 1:04:42 PM
Re: gender gaps, still
@Sara: That's depressing. What do you think are the reasons for the gap?
Zaius   Is It Time to Ask for a Raise?   5/20/2014 10:57:26 PM
Getting these Tables printed
I suggest everyone to print these charts. And, stick it in the wall begind the desk, so that manager have a clear view.
Technocrat   Is It Time to Ask for a Raise?   5/21/2014 2:01:41 AM
Re: Getting these Tables printed
"...I suggest everyone to print these charts. And, stick it in the wall begind the desk, so that manager have a clear view. "

@Zaius    Great idea !   I am sure it will be the first time they ( managers )  have seen it.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 11:58:01 AM
Re: Getting these Tables printed
@Technocrat: Ha! good point.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 11:31:10 AM
Re: Getting these Tables printed
@Zaius: Ha! Great idea. Or even better, leave a copy on everyone's desk. We'll be delving into media salaries for some other IT positions as well. Stay tuned!
Technocrat   Is It Time to Ask for a Raise?   5/21/2014 1:55:59 AM
IT Salaries: I don't recognize a thing....
Thank you Susan for addressing a subject (compensation) that is too frequently on my mind.  I work for a unique type of company and while this is great for building one's skill set, this uniqueness also appears to be in place when it comes to compensation.  

That is a cute way of saying, I do not recognize the salaries listed at all - And I really wonder why the disconnect ?   Do I have to move to Iowa or something ?  ( No offense to Iowa, I am sure it is lovely) but the point is this subject has been heavily on my mind, I don't want to be filthy rich ( ok maybe I do ) but at least fairly compensated for my experience and contribution to the whole.

Recognizing this will never be the case,  I intend to work for myself.  The transformation is already underway.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 11:52:50 AM
Re: IT Salaries: I don't recognize a thing....
@Technocrat: There are definitely differences in compensation based on region, size of company, industry sector etc. In fact, the report does caution that these median compensation figures are difficult to pin down because of all those variables. Still, it seems to me fairly consistent with other studies I have seen on IT executive pay.

Also, plese do keep in mind these are "median" salaries, not "average" salaries. That means half of respondents make more and half make less than what is noted here. 

Here's more information about the methodology behind the survey:

The survey was designed by InformationWeek and fielded online. It was promoted in InformationWeek's daily and weekly newsletters. In addition, email invitations with an embedded link to the survey were sent to qualified IT professionals from UBM Tech databases. The survey was fielded from November 2013 to February 2014. The information in this report is based on responses from 1,014 IT executives. Unemployed and part-time workers were excluded from these results, as were respondents from outside the United States.

This report uses median rather than mean or average figures for salary and percentage changes to eliminate distortions caused by extremes at thehigh or low ends of the responses.
Technocrat   Is It Time to Ask for a Raise?   5/22/2014 7:44:38 PM
Re: IT Salaries: I don't recognize a thing....
@Susan     Thanks for taking the time to clarify just how these numbers were created and intended to be interpretated.  

I surely though these reflected averages and now I have a better understanding of how this was conducted and how one should interpret the findings.   Thanks again !  : ) 
Umair Ahmed   Is It Time to Ask for a Raise?   5/25/2014 8:31:12 AM
Re: IT Salaries: I don't recognize a thing....
but at least fairly compensated for my experience and contribution to the whole.

@ Technocrat: Very true. It is rarely the case. And if you are working directly under someone it is very difficult that your efforts and your achievements will be reported to decision makers even by your name. A middle man most probably would try its best to take all the credit. Especially, when there are financial reward attached to the performance.

I intend to work for myself.  The transformation is already underway.

Wish you all the success!
Technocrat   Is It Time to Ask for a Raise?   5/25/2014 6:50:03 PM
Re: IT Salaries: I don't recognize a thing....

@Umair    Thanks so much my friend.   It really is frustrating, and everything you mention has happened during my career.   You have to ask yourself - Do they really think I don't know what is going on ?   Or do they not even care ?   

Business and human nature being what it is -  It is probably the negative on both accounts which only makes it worse.  

So I have detached myself over the years, bury myself in the work only to look up years later to find my check still the same.   Enough already !   A company is born.

Umair Ahmed   Is It Time to Ask for a Raise?   5/25/2014 7:16:17 PM
Re: IT Salaries: I don't recognize a thing....
 Do they really think I don't know what is going on?   Or do they not even care?   

@ Technocrat: I guess in these cases, they think that the other party is satisfied because not much questions are raised or enough reaction isn't shown. Sometimes we need to express ourselves openly. I have been to these situations and have worked in a company where employer doesn't use to give pay rise (even in a very high inflationary environment) unless the resignation is put on his table.

Wish you all the success for your own project. I can understand that would have been the tough decision and there will be obstacles but be firm. Hopefully you will find rewards, worth the pain.  

Suggest you a very relevant read:

https://smallbusiness.yahoo.com/advisor/blogs/profit-minded/don-t-quit-your-day-job--four-reasons-you-might-be-better-off-180525566.html
Technocrat   Is It Time to Ask for a Raise?   5/21/2014 1:59:28 AM
Compensation and The Elephant
While I appreciate the large discrepancy in pay between Male and female techies, there is a large elephant in the room - The compensation of minority techies, which is far below both groups.
zerox203   Is It Time to Ask for a Raise?   5/21/2014 10:16:25 AM
Re: Compensation and The Elephant
@Technocrat, that's certainly a fair point, and while I don't have any information on that personally, it is a good reminder of why any list like this is limited in it's use, and bound to leave something out. It's nice to a get a bird's-eye view of what the whole industry looks like from afar - but that's all it is, a snapshot. For the history books, it will be worth noting how median salaries rose and fell over the years, but for you and I, it doesn't necessarily affect all that much. Like Zaius said, as fun as it would be to wave this list in upper management's face and demand a raise, it's pretty unlikely to actually get you one.

Still, you raise a couple of interesting points. How do those of us who are making far below the expected line add that up in our heads? Is there more to some jobs than the printed value, or are we just getting the short end of the stick? Where do other issues of inequality (you mention ethnicity) come into play, and what can we do to affect change? All questions worth asking, and it's worth noting that even a study as thorough as this leaves some questions on the table. They're questions we'll have to answer for ourselves on our own personal journey.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 12:01:40 PM
Re: Compensation and The Elephant
@zerox203: These are all good points. I do think it's worth considering sharing with management in some cases. I'll give you an example:

At a previous job, I worked on a salary survey report that, similar to this, showed a gap in compensation between men and women. After the release of that report, I was speaking at a conference where no fewer than three women walked up to me afterward thanking me for the report and saying they had used the information to speak to their managers about a raise.

As you rightly note, this is a very personal journey though I think a little information can go a long way in the right environment and in the right circumstances.

 
Technocrat   Is It Time to Ask for a Raise?   5/22/2014 7:51:22 PM
Re: Compensation and The Elephant
@zerox203    As always I appreciate your level-headed approach to a very difficult topic. If nothing else, this can serve as a conduit for at least thinking about the questions you and I raise.

I appreciate your input and will work on approach things as level-headed as you do!

Kudos my friend, learning from others is what  E2 is all about !
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 11:56:44 AM
Re: Compensation and The Elephant
@Technocrat: I haven't seen any studies examining that pay gap--if you have plesae do share!

In addition to your point, there's also a shocking lack of minorities in general in U.S. IT jobs and in IT leadership roles in particular. That is based on my very unscientific observations at the many industry conferences that I attend. 
Technocrat   Is It Time to Ask for a Raise?   5/22/2014 8:02:39 PM
Re: Compensation and The Elephant
@Susan     I unfortunately don't have any information on it either, except for my own personal experience - where I can attest that a minority will get 50% of what their caucasian counterpart does for the same job.

Maybe before I retire ( die ) I will do this report myself, it will be my parting gift to the industry.

And leadership roles ?   Forget it - there is always someone better right ?
Damian Romano   Is It Time to Ask for a Raise?   5/21/2014 2:16:31 PM
Gap analysis
Seems that gender inequality is just something that continues to permeate the workplace. Not sure if we'll ever see both on par with each other, but that's the hope.
tinym   Is It Time to Ask for a Raise?   5/21/2014 4:21:38 PM
Re: Gap analysis
@Damian that's what I first thought...
The_Phil   Is It Time to Ask for a Raise?   5/21/2014 5:05:44 PM
Re: Gap analysis
It'll probably happen once all the old heads exit the workforce. Hopefully their ideologies don't pass down to the younger management groups.
Damian Romano   Is It Time to Ask for a Raise?   5/22/2014 8:45:35 AM
Re: Gap analysis
@The_Phil - Ideology is quite the appropriate word for the situation. While we all have roles (both men and woman) the margin of difference nowadays has seemed to diminish. And becuase more woman are on par with men, there's no reason for their income to suffer. 
The_Phil   Is It Time to Ask for a Raise?   5/27/2014 7:48:36 PM
Re: Gap analysis
I agree 100%. I'm not ashamed to say that I've come across many female upper management that behave & perform better than most men. I'd hope in those situations they were compensated deservingly.
Damian Romano   Is It Time to Ask for a Raise?   5/28/2014 8:53:08 AM
Re: Gap analysis
@The_Phil - It just seems that nowadays it's more of a stigma than anything else. It truly can't be attributed to simply qualifications or ability. 
The_Phil   Is It Time to Ask for a Raise?   5/29/2014 8:52:59 PM
Re: Gap analysis
Ignorance too. But I agree with you on that one.
tekedge   Is It Time to Ask for a Raise?   5/29/2014 11:25:11 PM
Re: Gap analysis
@The_Phil Is there so much of pay discrimination for females working in executive positions. I have my reservations about that opinion
The_Phil   Is It Time to Ask for a Raise?   5/30/2014 8:06:06 PM
Re: Gap analysis
That's tough to know for sure. If not public companies, you won't know. But I can only imagine that it is a big enough issue because it's constantly brought up as a talking point in the tech sector.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 12:50:13 PM
Re: Gap analysis
@The_Phil: I certainly hope you're right. From what I've seen and read on the topic, sexism is alive and well among younger employees in many industry sectors and is thriving on college campuses. Gives me pause to wonder what the future will hold. 
The_Phil   Is It Time to Ask for a Raise?   5/27/2014 7:50:10 PM
Re: Gap analysis
I hope that's not the case but I wouldn't be surprised if it is. I must also take into account that sexism is probably more prevalent now due to the internet. Imagine young boys seeing sexist themes all over on TV, now with the internet & so much user-generated content that goes viral.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 12:44:54 PM
Re: Gap analysis
@Damian: Yes, that is the hope, and I do think in many cases women would be doing themselves a favor by taking classes in negotiating skils. In my experience, many of my female colleagues and friends in all career paths have a hard time negotiating on behalf of themselves, even when they are outstanding at negotiating with vendors and others on behalf of the company.
Damian Romano   Is It Time to Ask for a Raise?   5/22/2014 12:47:37 PM
Re: Gap analysis
@Susan - that's a real good point. Do you think that comes from a sense of inferiority, especially when interviewing with men? Or is it simply a matter of just failing to properly negotiate?
SunitaT   Is It Time to Ask for a Raise?   5/22/2014 6:26:32 AM
Re : Is It Time to Ask for a Raise?
@Technocrat, very interesting perspective. At firs glance, this table seems to have covered all the interest groups and looks detailed enough. But, I agree that the subject of compensation for minority groups should also have been considered. Remember we are in America and expatriate compensation is usually lower than average salaries unlike the case in the third world economies. Some research should be undertaken with this in mind!
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 12:51:32 PM
Re: Re : Is It Time to Ask for a Raise?
@SunitaT: Agreed--I'll pass these commnts along to the person running the reserach project to see if she is able to expand the scope next year. 
SunitaT   Is It Time to Ask for a Raise?   5/23/2014 9:03:16 AM
Re: Re : Is It Time to Ask for a Raise?
It is definitely the right time to ask for a raise without a doubt especially for women. The fact that there is a wealth of information, People should be looking for avenues to advance there careers at this stage as technology is growing and more and more companies are slowly adopting to them . Most companies are looking to hire people who are good in IT hence it is only right to ask for a raise. We should all say no to exploitation.
SunitaT   Is It Time to Ask for a Raise?   5/24/2014 2:20:49 PM
Re: Re : Is It Time to Ask for a Raise?
From my point of view, asking for a raise is not a big deal. An IT executive who is more than 55 years old has all the reasons on earth to ask for a raise. What is really worrying is the fact that males are considered more than females. This sounds rather unfair. I think that in such a century we should not be talking about gender inequality. As a matter of fact, females should be considered more since they are more vulnerable.
stotheco   Is It Time to Ask for a Raise?   5/25/2014 1:28:42 PM
Re: Re : Is It Time to Ask for a Raise?
It's time for a raise if you haven't gotten one for a fairly long period of time. It's time to ask for a raise if you feel that you have worked long enough or hard enough and deserve it for your efforts and for your expertise.
Technocrat   Is It Time to Ask for a Raise?   5/25/2014 6:59:59 PM
Re: Re : Is It Time to Ask for a Raise?

@stotheco    Have you ever asked for a raise ?    I never have.  Of course I have wanted too many times during my career but I guess I have this idealist view of a responsible manager.   You know the ones who take note of contributions ?   Understand that inflation is a real thing ? And last but not least understand that they are not the only ones who enjoy living well.  

I have not found any managers of this type actually, but it goes back to ( I guess) an "old school" view that my actions and contributions should speak for themselves.  They do actually but when the person above me doesn't care or notice ?   Then I see the wisdom of your statement.  It is not my style, and I might even get upset by the mere fact that I have to even brooch the subject.   

 

I might have to do this soon, though I am looking at all of my options at this point.  Enough already.

Hospice_Houngbo   Is It Time to Ask for a Raise?   5/25/2014 11:12:32 PM
Re: Re : Is It Time to Ask for a Raise?
@Technocrat:

"my actions and contributions should speak for themselves."

You have a point, but your manager/supervisor may not see that you are operating above your expected role, unless you "explicitly" provide a clear argument regarding why you deserve the raise.
CMTucker   Is It Time to Ask for a Raise?   5/27/2014 12:23:49 PM
Re: Re : Is It Time to Ask for a Raise?
Definitely time for a raise. Unfortunately, I'm the CEO and we're still in year 2. So looks like that's not going to happen yet.
Hospice_Houngbo   Is It Time to Ask for a Raise?   5/27/2014 1:01:01 PM
Re: Re : Is It Time to Ask for a Raise?
@CMTucker:

Do you have in your company a star performer who deserves a raise that he is not getting? How will you explain to him why he will have to wait another year  or more to get his well-deserved raise? Will you cite the "bad economy" or a poor revenue stream?
Henrisha   Is It Time to Ask for a Raise?   5/27/2014 1:57:52 PM
Re: Re : Is It Time to Ask for a Raise?
Now this is tricky. If you have to say no to a star performer... I think you'd have to pull out all the stops and perhaps make some promises of a raise down the line, if the comapny really can't afford it.
CMTucker   Is It Time to Ask for a Raise?   5/27/2014 2:40:47 PM
Re: Re : Is It Time to Ask for a Raise?
@Hospice_Houngbo We're a start up. My "employees" are partners who have a vested interest. So your apparent condescension is misplaced.

 
Hospice_Houngbo   Is It Time to Ask for a Raise?   5/27/2014 2:59:17 PM
Re: Re : Is It Time to Ask for a Raise?
@CMTucker:

I didn't mean to be offensive. Thanks for elaborating and good luck with your company.
CMTucker   Is It Time to Ask for a Raise?   5/27/2014 3:07:27 PM
Re: Re : Is It Time to Ask for a Raise?
@Hospice_Houngbo no worries. I guess my point really was that it's not always a one-size-fits-all sort of thing. We've done pretty well in 18 months starting with $500 and growing to six figures...one day perhaps we can pay prevailing wages.

But, you have to start somewhere!
Henrisha   Is It Time to Ask for a Raise?   5/27/2014 1:59:03 PM
Re: Re : Is It Time to Ask for a Raise?
I haven't asked for a raise as well, but I plan to and hopefully I will, soon. It has been four years since I signed on, and I've been doing a bang up job, with feedback from my boss too, of course. I just have to figure how to go about it, because the economy isn't as good as it was (then again, when has it been good recently?)

Wish me luck!
Hospice_Houngbo   Is It Time to Ask for a Raise?   5/27/2014 2:47:30 PM
Re: Re : Is It Time to Ask for a Raise?
@Henrisha:

Good luck indeed! If the company is not doing that well, you may have to wait for a while before asking for a raise. You can still take your chances and see what will happen.
Hospice_Houngbo   Is It Time to Ask for a Raise?   5/25/2014 10:46:04 PM
Re: Re : Is It Time to Ask for a Raise?
@stotheco: "It's time to ask for a raise if you feel that you have worked long enough or hard enough and deserve it for your efforts and for your expertise."

You are right! A "star" performer will likely be rewarded for his/her skills.  Before you ask for a raise, you should have a realistic perception of your strengths and weaknesses and be able to outline your contribitions to the organization's growth. 
Henrisha   Is It Time to Ask for a Raise?   5/27/2014 1:56:01 PM
Re: Re : Is It Time to Ask for a Raise?
I agree. Sometimes, you have to ask if you feel that a raise is due to you. Unless you're doing an exemplary job that your boss is afraid you might leave if you don't get a raise, then you won't get a raise.
kstaron   Is It Time to Ask for a Raise?   5/22/2014 9:28:35 AM
negotiating
I remember that traditionally women are far less likely to negotiate their initial salary or thie rasies. Add in a possible few years off for the mommy track and you're suddenly $13,000 a year behind.

What strategies would you suggest for asking for and negotiating a raise to close this type of gap?
Sara Peters   Is It Time to Ask for a Raise?   5/22/2014 12:02:43 PM
Re: negotiating
@kstaron  The Atlantic just did a story about this, actually. They call it "The Confidence Gap." http://www.theatlantic.com/features/archive/2014/04/the-confidence-gap/359815/  It basically shows how even the most accomplished successful women still lack the confidence that men have, and that it holds us back. It's depressing. Accurate. But depressing.
Susan Nunziata   Is It Time to Ask for a Raise?   5/22/2014 12:55:53 PM
Re: negotiating
@kstaron: Absolutely the case, at least anecdotally I can attest that this is true. I think women would do well to practice being assertive on their own behalf. What I have found is that women are hesitant to be tough negotiators on their own behalf when it comes to going after their desired salaries. 

I got over that a few years back. Honest to God, in one salary negotiation the CFO actually said to the person who was trying to hire me, "What does she need that salary for? Isn't she married?"

So, there's a terrible assumption going on among some male hiring managers that women don't have to be paid as much because they're probably not the primary breadwinner, and simultaneously women aren't confident enough to demand what they deserve.

Lots of learning needs to happen on both sides.
Rich Krajewski   Is It Time to Ask for a Raise?   5/22/2014 12:01:05 PM
Rich Krajewski
I want
CIO: I want a raise!

CEO: You're fired!

Ex-CIO: I want a job!
Technocrat   Is It Time to Ask for a Raise?   5/22/2014 7:55:43 PM
Re: I want
@Rich    Hilarious and True !    And I might add that scenario doesn't just hold true for CIO's.
Rich Krajewski   Is It Time to Ask for a Raise?   5/22/2014 1:08:41 PM
Rich Krajewski
I see
I see busloads of employees being carted to "paintball skirmish" all the time, because I live near a paintball skirmish park. I understand these busloads of employees are being delivered to these sessions to build bonds between them, and also to bring out, in a mock battle, certain characteristics of interest to an employer, which might be hidden in an office. You can gain promotion or be fired after one of those sessions, or so I've heard. You can read in those elated or sullen faces staring out of the bus windows, as they are carted back to the parking area after a "battle," who is expecting to be promoted to CIO, and who is expecting the axe.


So, maybe employees should practice paintball skirmish in preparation for a bold career move, and a request--no, demand!--for a raise.
Technocrat   Is It Time to Ask for a Raise?   5/22/2014 9:11:09 PM
Re: I see
@Rich    Funny. I have been involved in these bonding field trips, but instead of paintball, we did the ol' motorized go carts.   Well, it was fun, release alot of tension, but I was reminded that these were not bumper cars when my car got turned around on the track and I had a ( intentional ) head on collision with another co-worker.

All in good fun right ? Well, No I was kicked off the track by track personnel and a few months later the company was sold and I was transfered to some corporate IT department ( I had been a one man band until then ) - which ultimately led to me being laid off after a year.

And all because of "Bonding Day" and my resulting head-on collision.
Rich Krajewski   Is It Time to Ask for a Raise?   5/23/2014 12:09:33 AM
Re: I see
But did you ask for a raise?
Technocrat   Is It Time to Ask for a Raise?   5/23/2014 12:12:20 AM
Re: I see

Nope.  Lesson learned.

Gigi   Is It Time to Ask for a Raise?   5/23/2014 4:48:58 AM
Gigi
Re: I see
"Is it time to ask for a raise? If you're a female IT executive, or more than 55 years old, your answer might well be a resounding "Yes!""

Susa, Yes they are eligible for that.
Nicky48   Is It Time to Ask for a Raise?   5/23/2014 7:31:52 PM
Re: I see
@Technocrat - that's an awful story - I'm so sorry.
Technocrat   Is It Time to Ask for a Raise?   5/25/2014 6:42:53 PM
Re: I see

@Nicky48    Thanks !  : )    I have rebounded since then..... no pun intended.

Anand   Is It Time to Ask for a Raise?   5/22/2014 2:04:01 PM
Re : Is It Time to Ask for a Raise?
Am a male IT manager so I can't really complain about these figure, am sure no one here would complain if he was at the top. All the same though, the results of this survey are still worrying to me in the sense that I can really understand why the differences in compensation should be so pronounced. A difference of a few thousand bucks would be understandable to me as that can easily be overturned and swayed in favor of either sex but it not as easy to reverse a $25,000 difference.
impactnow   Is It Time to Ask for a Raise?   5/28/2014 1:04:21 PM
Company size and region
Very interesting results but I would have to think that there is a big variation based on size of company. The CIO salaries seemed very low for someone working at a fortune 500 company. I would also think that regional differences would play a big part.
CMTucker   Is It Time to Ask for a Raise?   5/28/2014 1:08:18 PM
Re: Company size and region
This is a great point. There was an article (I think in Business Intelligence) about how the cost of living can vary so widely from location to location.

That being said, most things that a $400/hr coder can do can be done by a $150/hr coder.
impactnow   Is It Time to Ask for a Raise?   5/30/2014 11:30:45 AM
Re: Company size and region
True that's why it's so important to build additional value into your experience set when you graduate to higher salaries. If you are easily replaced by a junior employee then you need to look at your skill set.
stotheco   Is It Time to Ask for a Raise?   5/30/2014 12:50:52 PM
Re: Company size and region
These days, professionals are judged by their skill set and extra education. That's how you build your network and add value to yourself. 
mejiac   Is It Time to Ask for a Raise?   5/30/2014 3:36:07 PM
Re: Company size and region
@stotheco,

Agreed,

Both at my current assignment and my company are big believers in ongoing training and continue education.

For those of us PMP certified, this is a must, and because of the constant change and availability of new software, tools and methodologies, I think NOT training will lead to either being stuck or phased out completely.

Many times it's the way a project was delivered that can lead to promotions.
kstaron   Is It Time to Ask for a Raise?   5/31/2014 3:33:46 PM
Re: Company size and region
It's great your company does that. often in a recession the first thing to go is training and continuing education. It leave the employees scrambling to keep up trying to learn the new programs, software, or techniques on their own, which unfortunately means there's a corresponding lack in productivity as each person has to bootstrap themselves past the learning curve to get anything done.
mejiac   Is It Time to Ask for a Raise?   5/31/2014 5:05:38 PM
Re: Company size and region
@kstaron,

Oh no...training budget WAS the first thing to go. The work around was to establish more browng bag and small 1-hour sessions taught by the senior staff (more related to knowledge sharing), but it has been able to establish a standard base of know how amoung the group.
mejiac   Is It Time to Ask for a Raise?   5/30/2014 3:36:07 PM
Re: Company size and region
@stotheco,

Agreed,

Both at my current assignment and my company are big believers in ongoing training and continue education.

For those of us PMP certified, this is a must, and because of the constant change and availability of new software, tools and methodologies, I think NOT training will lead to either being stuck or phased out completely.

Many times it's the way a project was delivered that can lead to promotions.
mejiac   Is It Time to Ask for a Raise?   5/31/2014 11:30:47 PM
Re: Company size and region
@impactnow,

I've seen this happens most often when full time employees coast in a current positionl. They feel comfortable and no need to induce any type of change. But when the company needs to keep competitive, that's when the workforce is looked at to determine what's missing, and most of the times is new knowledge, new skill set.

 
freespiritny25   Is It Time to Ask for a Raise?   5/28/2014 7:38:49 PM
Re: Is It Time to Ask for a Raise
Yes! It is time for a raise! I have not had a raise in over 7 years. One year ago I asked for a raise...and I am still waiting. Augh!
eethtworkz   Is It Time to Ask for a Raise?   5/29/2014 1:23:01 PM
Re: Is It Time to Ask for a Raise
Freespirit,

Most interesting observation.

If you observed closely for most of the last 3-4 years or so America did'nt have much Inflation to speak of(excluding Healthcare and Education);however in the last 12 months or so Food Inflation has just gone through the roof.

And still Employers are not giving out raises(rather they are focussed on Stock Buybacks which just push up their Personal Compensation in the C-Suite Levels).

This has to change or else,Employees will most definitely shift elsewhere(for better Packages).

Regards

Ashish.
mejiac   Is It Time to Ask for a Raise?   5/30/2014 3:45:46 PM
Re: Is It Time to Ask for a Raise
@eethtworkz,

Some companies, in order to retain employee knowledge are changing there business model. Many companies arrange specific contracts with consulting companies, so a full time employee will convert over to a consulting company. What this those is that the employee gets a pay bump, since consultant hours cost more...but at the same time the company reduces there overhead, so it's a win-win.

At my current assignemtn, the ratio of consultants vs full time employees is 70/30
impactnow   Is It Time to Ask for a Raise?   5/31/2014 12:17:01 PM
Re: Is It Time to Ask for a Raise
Do you find job security an issue?
mejiac   Is It Time to Ask for a Raise?   5/31/2014 5:10:13 PM
Re: Is It Time to Ask for a Raise
@impactnow,

I think it's more of a fact of life that a recurring issue.

In my book, there is no job security, doesn't matter the company you work for (big or small, full time, part time, consultant, free lance), at the end of the day, when they need to slash numbers, overhead is the first to go.

And starting your own company can take years before you can really start to see decent profit levels and establish a steady cash flow.

I think the best approach is to be as proactive as possible:

- Keep up with business and tech trends (continue education)

- Maintain healthy relationship with headhunters, collegues and other companies you worked in the past.... things take a turn fast and you never know if one of those relationships can provide good leverage

- An as always...CYA

Aside from having a good savings practice, this can lead to a low turn over if you're in the market looking.
Broadway   Is It Time to Ask for a Raise?   5/31/2014 10:03:26 PM
Re: Is It Time to Ask for a Raise
@meijiac, you share wise advice. Particularly when it comes to never letting a relationship fade or dissolve into acrimony --- whether that was a past client or employer. You never know what simply reaching out to an old colleague and acquiantance can do ---- can lead to all sorts of new open doors that you may never have found otherwise.
mejiac   Is It Time to Ask for a Raise?   5/31/2014 11:26:35 PM
Re: Is It Time to Ask for a Raise
@Broadway,

Correct....I've seen consultants bounce back and forth to the same company, mainly beacause at first they thought the new opportunity would provide the next step, but 6 months later is not up to expectations...but because the relationship that was made was so healthy, that person returned with open doors.
eethtworkz   Is It Time to Ask for a Raise?   5/31/2014 4:08:35 PM
Re: Is It Time to Ask for a Raise
meijac,

This consultant Gig is a Rough-Ride and most certainly isnt for everyone.

You need to learn to effectively Save Money(for the Downtimes when they come) and be prepared to always be on your Toes.

Otherwise,a Typical 9 to 5 job works best for most folks.

Not everyone is cut out to be an Entrepreneur inspite of the Romance associated with it.

 
mejiac   Is It Time to Ask for a Raise?   5/31/2014 5:03:51 PM
Re: Is It Time to Ask for a Raise
@eethtworkz,

Agreed, being a consultant those have it's risk associated to it, reason why when at an assignment for an extended time is very favorable to have an agressive savings strategy.

And for being an entrepreneur, it's such a grey area, in the sense that it's really not clear the level of success you may have, since there are so many variables that can have both a positive and negative impact.

From what I'm seeing, it comes a point at a career level that can easilly compensate pursuing a more consultant type of role than that of an entreprenuer.
vnewman   Is It Time to Ask for a Raise?   5/29/2014 3:14:51 PM
Re: Is It Time to Ask for a Raise
I personally feel women are conditioned to believe if they perform well they will be rewarded, but that's not how the working world works unforunately.  You have to ask for what you want.  And if you don't get it you have to be willing to walk away.

The person willing to walk has all the power...and typically, that's a male trait.
Nomi   Is It Time to Ask for a Raise?   5/29/2014 3:27:50 PM
Re: Is It Time to Ask for a Raise
@vnewman you are right to an extant but I beg to differ aa it somewhat depends on the culture & place you are working. In a male dominant area women need to behave like one to get what you want is different to place where its totaly opposite.
Nomi   Is It Time to Ask for a Raise?   5/29/2014 3:29:55 PM
Re: Is It Time to Ask for a Raise
@freespiritny25 I think its time to move on. Once you asked a raise and you are working without one has given your bosses a hint that you are in dire need of the job and you will work without the raise. Please do tell me once you get one :)
singlemud   Is It Time to Ask for a Raise?   5/29/2014 5:40:21 PM
Re: Is It Time to Ask for a Raise
The chart is really helpful, Any chart for male CIO or CTO?
tekedge   Is It Time to Ask for a Raise?   5/29/2014 11:01:14 PM
Is it Time to ask for a raise
Yeah I agree the salaries and raises depends on the size of the company and location. But appreciate the info. Time to get thinking
tekedge   Is It Time to Ask for a Raise?   5/29/2014 11:01:16 PM
Is it Time to ask for a raise
Yeah I agree the salaries and raises depends on the size of the company and location. But appreciate the info. Time to get thinking


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