Being a CTO establishes technology standards and communicates technical information to the organization. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. The average CTO salary in the United States is $275,800 as of January 26, 2023, but the range typically falls between $245,100 and $305,100. . How much does a CTO Startup make in California? Which is the best study material for FRM? The average Director - IT Service Delivery salary in Harleysville, PA is $143,361 as of , but the salary range typically falls between $114,117 and $162,489. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Hauppauge, NY. The average Fortune 500 salary ranges from approximately $82,783 per year for Senior Technical Recruiter to $170,647 per year for Full Stack Developer. Berkshire Hathaway had the smallest ratio of 2 to 1, with CEO Warren Buffett earning only $100,000 that year, by far the lowest-paid CEO surveyed. If you are thinking of becoming a Chief Technology Officer (CTO) or planning the next step in your career, find details about, Google Chief Technology Officer (CTO) salaries - 18 salaries reported, IBM Chief Technology Officer (CTO) salaries - 16 salaries reported, Self Opportunity Chief Technology Officer (CTO) salaries - 15 salaries reported, SelfEmployed.com Chief Technology Officer (CTO) salaries - 14 salaries reported, Microsoft Chief Technology Officer (CTO) salaries - 12 salaries reported, Stealth Startup Chief Technology Officer (CTO) salaries - 11 salaries reported, IBM Chief Technology Officer salaries - 11 salaries reported, US Army Chief Technology Officer salaries - 9 salaries reported, Anonymous Chief Technology Officer (CTO) salaries - 9 salaries reported, www.undercovertourist.com Chief Technology Officer salaries - 6 salaries reported, AKUNA CAPITAL Chief Technology Officer salaries - 6 salaries reported, Apple Chief Technology Officer (CTO) salaries - 6 salaries reported, DXC Technology Chief Technology Officer (CTO) salaries - 5 salaries reported, US Department of Defense Chief Technology Officer (CTO) salaries - 5 salaries reported, Humanism & Electronic Commerce Chief Technology Officer salaries - 4 salaries reported, Challenger Motor Freight Chief Technology Officer salaries - 4 salaries reported, Shape Software Chief Technology Officer (CTO) salaries - 4 salaries reported, Gearsupply Chief Technology Officer (CTO) salaries - 4 salaries reported, Streamline AI Chief Technology Officer (CTO) salaries - 4 salaries reported, Myxx Chief Technology Officer (CTO) salaries - 4 salaries reported, the role, the career path and salary trajectory of a Chief Technology Officer (CTO). Of the Fortune 500 companies surveyed, about 84 percent paid their CEOs the equivalent of more than 100 of their workers, while 97 percent could pay a median-salaried employee for 45 years with. Typically reports to Chief Information Officer or Chief Executive Officer. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. Adriana Karaboutis cut her teeth at GM, where she worked for more than 20 years on projects related to computer-integrated manufacturing and supply chain operations, eventually moving to a service-oriented architecture. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. The average big-company CEO made 351 times the pay of the average worker on a realized basis in 2020, according to the Economic Policy Institute (EPI), which has tracked the metric for decades, up from a 21-to-1 ratio back in 1965. As of Apr 22, 2022, the average annual pay for a CTO Startup in California is $141,628 an year. Average CHRO Salary: $250,000 The Chief Human Resources Officer is responsible for employment, placement, orientation and training, employee/labor relations, compensation, benefits, and employee services. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. The Standard & Poor (S&P) 500 is a list of the top 500 companies listed on U.S. stock exchanges, and while it's not exactly the same, the majority of Fortune 500 companies are also on the S&P 500 list. Pay packages of 25 Fortune 500 execs revealed | CIO A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. For companies with revenue below $10 million, median CEO total direct compensation is $200,000. Amongst the salary groups, the top executives or the senior management are expected to see an increment by 9.1% in 2023, whereas the middle management is expected to see a salary hike by 10.1%. Continue reading your article witha WSJ subscription, Already a member? Can It Keep Rising Post-Pandemic? A CTO reported a yearly salary of $250,000. Jeff Bezos (Amazon) makes $81K/yr. The program seeks to attract small and medium-size businesses by offering incentives to move their workloads to the cloud. . Since her Navy service was in the Medical Services Corps, it makes sense that much of her career has been in the health care and health insurance industry: she was CIO at Catholic Health Initiatives and Franciscan Health System and SVP of IT at CIGNA before joining Aetna in 2003. Individualize employee pay based on unique job requirements and personal qualifications. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. A chief technology officer is part of an executive team in a company. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. Here's a look at how bonuses, stock awards, perks and other compensation add up. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Her accomplishments netted Warner a 2021 compensation package valued at almost $4.5 milliona tidy sum, but a fraction of the skyrocketing CEO paydays among Fortune 500 companies. He took on the CTO role at T-Mobile in 2010, and has helped transform its wireless network quality from an embarrassment to a selling point. The amount you earn as a CTO may vary based on your education level, work experience and skill set. What Do You Call a Board of Director Member Who Works for the Company? Lenovo Late Night I.T. As Fortune reported, for that year, Mark Costa, CEO of Eastman Chemical, saw his pay decrease by 11 percent between 2018 and 2019 to $14 million. Zippia gives an in-depth look into the details of Fortune 500, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fortune 500. For non-personal use or to order multiple copies, please contact The lowest annual salary reported was $574,446, and the highest. Can That Continue After the Coronavirus? Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. With an average income of over $12.3 million, CEOs continue to see their paychecks swell year after year, while the average U.S. worker's salary has flatlined for the past 40 years. He retired in February of 2018. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. If you are thinking of becoming a Chief Technology Officer (CTO) or planning the next step in your career, find details about the role, the career path and salary trajectory of a Chief Technology Officer (CTO). This copy is for your personal, non-commercial use only. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. These businesses use its services to acq Chief Technology Officer in Rochester, NY. They're hiring! average cto salary fortune 500 (719) 280-0021. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Technology Officer in the United States. Of the five CEOs who had the worst returns, four of them made less than the median value of $12.4 million, while one remaining CEO took home slightly more. The full list is below. Fortune 500 pays $27.46 an hour, on average. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. ManpowerGroup is a worldwide staffing agency, and Ram Chandrashekar oversees its IT functions from Singapore, where he also serves as President of the companys Asia Pacific Middle East region. $320,000. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. He began his current role in 2014, aiming to drive operational excellence for Manpower IT worldwide Chandrashekars compensation is somewhat inflated by special payments he received to compensate for taxes he owed on income earned while living in the U.S. in previous years. VPs at F500s aren't necessarily at the very top. In 2022, the overall salary increase of employee groups stood at 10.6%. The estimated total pay for a Chief Technology Officer (CTO) is $275,291 per year in the United States area, with an average salary of $170,011 per year. . They only report to the board of directors and the chairperson of the board of directors. Fortune 500 employees earn an average salary of $57,126 in 2023, with a range from $28,000 to $114,000. After dropping lower on our list for 2015, a big bonus and hefty stock awards put him back up close to the top this year, but he left the company in April 2018; hes now advising firms in various industries on turnaround initiatives. 1821 salaries for 896 jobs at DXC Technology in Dudley, England. A Chief Digital Officer reported a yearly salary . Mark Zuckerberg (Facebook) takes a dollar token salary. The average estimated annual salary, including base and bonus, at Mary Kay is $116,927, or $56 per hour, while the estimated median salary is $108,629, or $52 per hour. What is the definite definition of empathy? The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. Salary: $681,250Bonus: $2,300,000Stock and options: $2,369,817Total: $5,351,067. The company ranked 231 on this year's Fortune 500. In 2021, Musk saw compensation worth around $23.5 billion. Level of Education: Gaining advanced degrees What are the multiple roles of a successful introductory paragraph? Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. All data are based on 119 salary surveys. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $95,568 per year. The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. That works out to $27.46 per hour at Fortune 500, compared to $27.25 per hour at Ascent Group. 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