The CEO is at the highest position in a company. Deerfield, IL, Addison Group - She assumed the job of EVP of International Operations later in 2017. Instead, the CEO of a Fortune 500 company is primarily concerned with the "big picture," which the Corporate Finance Institute describes as managing the company's managers while developing and overseeing the execution of long-term strategies. Hauppauge, NY. Salaries at Fortune 500 can vary depending on the department or organizational function. Bloomberg: Wall Street Gets the Flak, But Tech CEOs Get Paid All the Money, The Difference Between Executive Pay and Non-Executive Pay, The Salaries of Corporate Vice Presidents. At RBC, he helped launch one of the first internet-based cash management services. Activity The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. Trusted by 400K users from 76% of Fortune 500 companies. 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. A chief technology officer is part of an executive team in a company. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. 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. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Companies; Markets; Tech; Billy; companies. Show more. The Chief Technology Officer manages a business unit, division, or corporate function with major organizational impact. 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. Additional pay could include cash bonus, commission, tips, and profit sharing. Here's a look at how bonuses,. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Average Dev + Engineer salaries in Chicago 1821 salaries for 896 jobs at DXC Technology in Dudley, England. For example, employees in the finance sector earn an average yearly salary of $91,070, while employees in the engineering sector earn an average yearly salary of $87,375. Recently searched related titles: Companies in a booming sector like health care tend to make more profit for their shareholders and can afford to pay their senior executives more. The total salary of a CEO is broken down into seven categories: base salary, bonus, stock awards, option awards, non-equity incentives, pension value, and "other" compensations. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. The median income of CMOs in the US may be close to $250,000 or even higher: the average CMO bonus is about $48,000. 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. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. Sponsored by Cloud Range. CIO Stats: Average Fortune 500 CIO Compensation Tops $1.4 Million, Korn/Ferry Says - WSJ U.S. 10 Yr Crude Oil Yen DJIA Print Edition Latin America U.S. Central Banking Private Equity Art &. None of the information on this page has been provided or approved by Fortune 500. Compensation for CEOs and other C-level executives varies from one business sector to another. The company ranked 134 on this year's Fortune 500. Get the latest market price for benchmark jobs and jobs in your industry. He became company CIO in 2005, and even though he left in 2016, his sizable deferred compensation, mostly in the form of stock and options, still places him among the highest-paid tech execs in the country. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. 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. Jeff Bezos (Amazon) makes $81K/yr. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. He retired in February of 2018. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! Use our tool to get a personalized report on your market worth. 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.". The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. Like many execs on this list, Stevens wears multiple hats, responsible not just for IT at CDW but for the companys distribution centers, transportation facilities and customer relations as well. Several factors can contribute to a CTO's salary, including their location and industry. Search more salaries here: CTO Salaries with a High School Diploma or Technical Certificate, CTO Salaries with a Master's Degree or MBA, CTO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. 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. And hes managed to pull off a special feat: topping our list of high-paid tech execs for a job he left more than three years ago. Some big news today: CVS Health will acquire Oak Street Health, a leading value-based primary care company helping older adults stay healthy and live life more Get started by entering your email address below. The average CEO salary of a California based CEO is $228,270. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. Yearly Salary. Typically reports to Chief Information Officer or Chief Executive Officer. Data source: Craft Base salary makes up only 8% of total compensation. Has acquired the business acumen and leadership experience to become a top function or division head. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. Mark Zuckerberg (Facebook) takes a dollar token salary. Salary, bonus, compensation, bank. Overall, median CFO reported total compensation in the S&P 500 increased 18.7% from $2.9 million in 2011 to $3.4 million in 2015. Revenue rose 24.7% percent in 2021. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. - Emmy-nominated host Baratunde Thurston is back at it for Season 2, hanging out after hours with tech titans for an unfiltered, no-BS chat. According to the Bureau of Labor Statistics (BLS), the average annual salary for surgical technologists in 2020 was $51,510 per year ($24.77 per hour), with the top 10 percent earning more than $73,100. Compensation data tools, salary structures, surveys and benchmarks. Tesla ranked 65 on this year's Fortune 500. . InSights Blog. CFO salary ranges also differ from state to state. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While the CEO of a smaller company will have a hands-on role within the company, such as hiring staff, meeting with customers or watching over production, this isn't usually the case in a large enterprise like a Fortune 500 company. The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. Image from Unsplash. Before joining Big Lots, her background was in planning at various department store brands. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. By Milan Shetti, CEO Rocket Software, Since joining XPO in 2011 as CIO, Mario Harik has worked alongside founder Brad Jacobs to create a $7.7 billion business that has technology innovation in its DNA. 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. They also rank higher than the vice president and many times, the Managing Director. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. Distribution and use of this material are governed by 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. Step 5: Be Prepared to Provide a Counter Offer. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. 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. Can It Keep Rising Post-Pandemic? In the chart below, we show an average composition of all salary data. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Chief Technology Officer (CTO) is $170,750, An entry-level Chief Technology Officer (CTO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $104,278 based on 19 salaries. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. In 2015 he jumped ship to join the executive team at Target, and currently has umbrella authority over most of that companys tech initiatives, from developing long-term tech roadmaps to overseeing the companys website and the in-store technology. 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. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. How much does a CTO at a Fortune 500 company make? Step 4: Dont Be the First to Name a Price. 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