On top of salary, average CTO bonuses total $24,147 (in a range from $2,522 to $73,766), average annual profit sharing is $19,327 (ranging from $1,932 to $60,536), and commissions average $30,000 annually ($4,500 to $85,000). For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. Can That Continue After the Coronavirus? El Paso, TX, gpac - Bushman is something of a rare bird on this list: a career-long employee of the company that made her a top-paid IT exec. What Do You Call a Board of Director Member Who Works for the Company? In 2022, the overall salary increase of employee groups stood at 10.6%. Microsoft posted a robust 38% increase in profits last yearearning $61 billion, the fourth-largest sum among Fortune 500 companiesas revenue rose 17.5% to $168 billion thanks to a successful Surface laptop and tablet launch. Fortune 500 may also be known as or be related to Fortune 500 and Fortune 500 Inc. No, the pay is not good at Fortune 500. IT Management, Strategy Development, Infrastructure Management, Data Governance A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Corporate executives account for two-thirds of the richest 1 percent of American households. Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. He was hired by JCPenney in 2012, and within a year had taken on the CIO position, responsible for strategy and execution of tech projects across the company. . Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. CEOs in the U.S. make far more than those in other countries. Jobs in business are in increasing demand, requiring workers with at least a bachelors degree and moderate to advanced technical skills, with the use of data often a required job function. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. Average Tenure. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. Lene Skovbjerg's Estimated Salary Range. They head C-level members such as the COO, CTO, CFO, etc. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. According to Bloomberg, the highest-paid CEO in 2020 was Elon Musk, CEO of Tesla Inc., with an income of over $595 million making him the highest-paid CEO in the world. The national average salary of a CTO is $133,251 a year. Ray has worked as for the better part of two decades as an executive in the wireless telephony industry, starting as network vice president at Pacific Bell Mobile Services (one of the ancestors of AT&T Mobility) in 1996 before jumping ship to VoiceStream (which later became T-Mobile) in 2000. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Broadcom did not respond to a request for comment. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . Fallon, NV. Establishes overall direction and strategic initiatives for the given major function or line of business. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. Here's a look at how bonuses,. Hauppauge, NY. 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. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. In 2015 she took on the role of CIOironically being outpaid by her predecessor Deborah Butler, whose deferred compensation put her at number 11 on our list. Fortune 500 pays $27.46 an hour, on average. . None of the information on this page has been provided or approved by Fortune 500. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. She became co-CEO with Mark Hurd in 2014. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. Salary.com also found that when it comes to salary percentage increases, the. Men receive an average salary of $103,400 USD. When expanded it provides a list of search options that will switch the search inputs to match the current selection. At median, CEO pay was 3.0x the CFO; i.e., for every $1.00 paid to the CFO, the CEO was paid approximately $3.00 At median, CEO pay was 4.0x the GC; i.e., for every $1.00 paid to the GC, the CEO was paid approximately $4.00 CAP also analyzed the S&P 500 senior executive pay ratios by industry. Location has an effect on the earnings of employees at Fortune 500 too. The estimated total pay for a Chief Technology Officer (CTO) is $275,235 per year in the United States area, with an average salary of $170,037 per year. Executive Managing Director, Express Employment Professionals - The estimated total pay for a CTO is $259,880 per year in the United States area, with an average salary of $164,312 per year. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. For a real-time salary target, tell us more about your role in the four categories below. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. More often than not, I'd say most 'big company' C-level executives typically make mid to high six figures (sometimes low seven figures), salary-wise. The findings are of critical importance as the solar industry experiences unprecedented growth. Unlikely Likely . Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. Recently searched related titles: Now, a quarter-century after the first CISO emerged, every one . She noted that Kotick had reduced his salary to $62,500 last year, and praised his 31-year tenure for making Activision one of the most successful global gaming com- panies in the world.. Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. This story was originally featured on Fortune.com, Patrick Pleuldpa-Zentralbild/ZB, picture alliance via Getty Images, our new analysis of how Fortune 500 CEOs are compensated, Brazil's Americanas execs omitted info to audit committee, local media reports, US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', Stock market news today: S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak, US STOCKS-S&P, Nasdaq weak as manufacturing stokes Fed concerns, Stocks mixed ahead of closing bell, retailers experienced a turbulent February session. Next was Tim Cook, CEO of Apple Inc. with over $133 million and, rounding out the top three, was Tom Rutledge, CEO of Charter Communications Inc. at $116 million. The public energy sector was the second-highest-paying . As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. Here are the details on the latest pay packages for which theres information, mostly from 2016, organized from lowest to highest paid. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. At Mary Kay, the highest paid job is a Director of Sales at $222,792 annually and the lowest is a Secretary at $35,050 annually. While her work at Biogen in 2017 qualified her for this list, she in left in May of that year to take up a new job at National Grid, overseeing their use of AI and IoT devices. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. While responsibilities vary from one company to another, a CEO is usually tasked with things such as: In 2018, Minnesota Congressman Keith Ellison (D) released a report on 225 of the Fortune 500 companies' CEOs. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. Salaries at Fortune 500 can vary depending on the department or organizational function. CEO pay dwarfs that of the average employee. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. A Chief Digital Officer reported a yearly salary . Mattel had the highest ratio of 4,977 to 1. What are the benefits of believing in God? A healthy bonus put him high on our list for this year. Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share. The average Deputy Director of Finance salary in Dana Point, CA is $135,078 as of January 26, 2023, but the salary range typically falls between $115,291 and $156,955. What your skills are worth in the job market is constantly changing. Copyright 2023 IDG Communications, Inc. An early career Chief Technology Officer (CTO) with 1-4 years of experience earns an average total compensation of $121,686 Read more. Has acquired the business acumen and leadership experience to become a top function or division head. Apple declined to comment on Fortune's analysis. He retired in February of 2018. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. He took the CIO job at Hertz in early 2015, overseeing the companys global IT functions. Meg McCarthy has an interesting background for a tech exec: a masters in public health and a rank of lieutenant commander in the U.S. Navy Reserve. Sponsored by Cloud Range. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. The list includes only companies that are incorporated in the U.S., that operate in the U.S. and that report their finances to the federal government or a state government. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. This is his second year in a row on the list, and his compensation saw a slight bump from last year. InSights Blog. How much does a Chief Technology Officer make in the United States? In her current role, shes in charge not just of IT but also global security, travel, and real estate services. How to become a CTO He netted more than $13 million, mostly from various forms of deferred compensation, though he also provided some consulting services to the company as recently as 2017. A spokesperson acknowledged that during the latest fiscal year, Huang "realized about $507 million from expiring options that had been granted in 2011 and 2012, reflecting the approximately 60x increase in the companys share price over the [past] decade.". At RBC, he helped launch one of the first internet-based cash management services. Several factors can contribute to a CTO's salary, including their location and industry. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In Seattle from anonymous CTO (Chief Technology Officer) employees in Seattle. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. 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. CEO pay in technology increased by 8.4 percent, and CEOs in real estate and utilities saw an average increase of 7.9 and 7.7 percent respectively. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. We are unable to provide details of Scotts departure, his employers said cryptically, but two years later theyre still sending him enough deferred compensation for him to make it onto this list. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. By the mid 00s he had moved to become CIO at Oracle, then spent a spell in the same role at Symantec before joining Western Union in 2012. This is the equivalent of $2,724/week or $11,802/month. 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