May 8, 2024 at 03:55PM
According to IANS Research and Artico Search, around a third of CISOs are unhappy with their compensation. The study, based on nearly 150 CISO interviews, revealed that compensation varies based on organization type and size. The report states that complexities within the tech industry lead to discrepancies in pay. Furthermore, a third of CISOs did not receive a pay raise last year, causing concern in the cybersecurity industry.
Certainly! Here are the takeaways from the meeting notes:
– Around one-third of CISOs are dissatisfied with their compensation, based on data from IANS Research and Artico Search.
– The research, titled “The Compensation, Budget and Satisfaction Benchmark for Tech CISOs, 2023–2024,” involved approximately 150 interviews with CISOs from tech-sector organizations of varying annual revenues.
– Compensation for CISOs is influenced by the type and size of the organization. CISOs at publicly listed firms typically receive higher compensation ($1 million) compared to those at VC-backed tech firms ($793,000). Conversely, CISOs at tech firms where the founder holds the majority ownership tend to receive lower compensation.
– Compensation variations exist within subsectors of the tech industry and are correlated with scale. Larger organizations and roles with greater complexity command higher compensation packages for CISOs.
– Approximately 31% of CISOs did not receive a pay raise. Hiring slowdown in the past year may have contributed to this trend.
– The combination of dissatisfaction with compensation and the high-stakes nature of the cybersecurity industry, where CISOs may bear the brunt of cyberattacks, is a cause for concern among industry leaders.
These are the key points extracted from the provided meeting notes. Let me know if you need further clarification or assistance.