Decisions to make when you need a CIO but don’t want to rush the hiring process
In a time when business is more reliant on technology than ever before, a chief information officer (CIO) who can strategically lead an IT department and align technology with overall business goals is an invaluable asset to an organization.
But what if you don’t have a CIO at this critical time?
Whether your company has never had someone in the role or you’re looking to fill the position following a departure, hiring or replacing a CIO is an opportunity to think about the current and future needs of the business, and how that impacts the role of the CIO. This is an opportunity for change, growth, and alignment of responsibilities and priorities. Given the high importance of the position, it can often take several months to find the right person to fill the role. Not only will the individual need to have exceptional business and technical skills, but he or she also needs to fit in with the culture of the organization and be ready to serve as a part of the executive team. According to 2020 data from Korn Ferry, the average CIO tenure is 4.6 years. There’s no doubt that this number skews on the higher end for organizations that take the time up front to make the right hire rather than rushing the process and ending up with someone not suited for the role.
If you’re looking to define or re-define the CIO role at your organization and make a new hire to lead strategic technology efforts, here are a few important items to consider:
- Is there an internal candidate ready to advance to CIO? If so, is this individual ready today, or will they need coaching and ongoing support to be successful?
- What is the current state of technology in the organization? Are there urgent needs or critical initiatives in the works that must continue moving and cannot be put on hold during a lengthy hiring process?
- How long has it been since the company hired for this role? Is there an understanding among the leadership of the market for the skills and experience desired? Are compensation and other offerings in line with attracting the level of talent needed at the organization?
- Is an interim solution needed to address current business continuity and leadership needs and to ensure the hiring process is not rushed?
Hiring in the C-suite should never be rushed, but neither should an organization go too long without having someone in the crucial role of CIO. When faced with this conundrum, companies have the option to work with an interim CIO who can not only fill a gap and keep projects moving, but who can help shape the job responsibilities and pave the path for success for the permanent hire.
Bringing on an interim CIO can offer many benefits to an organization in need of strong technology leadership skills. Unlike a staffing firm, Hartman is a company of senior technology leaders and is uniquely qualified to identify, vet and recommend IT leaders for newly created or vacant CIO positions. Contact the Hartman team today to discuss your needs and schedule a no-cost consultation regarding our interim executive placement services.