Countries. 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%. The highest-paid Fortune 500 CEO is Elon Musk. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. Our analysis evaluated the pay packages of 280 Fortune 500 CEOs, who earned a median total compensation of $15.9 million, up 30% from a year earlier. They head C-level members such as the COO, CTO, CFO, etc. 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). Apple ranks 3 on the Fortune 500. Philip Fasano worked in the IT departments for a number of financial services companies over his career, including Capital One Financial, JP Morgan Chase, and Deutsche Financial Services, before moving to the HMO Kaiser Permanente to take on the EVP and CIO role. Compensation data tools, salary structures, surveys and benchmarks. In the past 10 years, CEO pay at S&P 500 companies increased by more than $540,000 a year to an average of $18.3 million in 2021. 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. Compensation data tools, salary structures, surveys and benchmarks. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. 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. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. InSights Blog. Shes been at Big Lots in one role or another since 2002, and served for 10 years in a more conventional CIO role starting in 2005. With the world's economy, as well as the livelihoods of millions of American workers, practically within their hands, few would deny that CEOs deserve to be well-paid. salary. Can That Continue After the Coronavirus? 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. Jobs with a similar salary range to CTO :
was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. A Florida CEO salary is relatively smaller at $187,870 per year. Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. Fortune 500 pays $27.46 an hour, on average. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. Elon Musk, Tesla: $23.5 billion. Despite rampant employee complaints and several lawsuits over sexism, harassment, and Koticks personal mismanagement of assault claims at the game developer, Microsoft in January agreed to buy Activision for $68.7 billion, in what would be its largest acquisition to date. Continue reading your article witha WSJ subscription, Already a member? Ct Tech Llc pays an average hourly rate of $1,669 and hourly wages range from a low of $1,451 to a high of $1,916. AVANTI Wind Systems A/S . Salary.com also found that when it comes to salary percentage increases, the. The lowest annual salary reported was $574,446, and the highest. How to become a CTO Although he makes the cutoff for our list because he worked at AIG in 2017 and netted hefty compensation, much of it in the form of a bonus he actually left the company in March of that year, possibly as part of the sweep of the executive ranks that soon afterward saw the CEO ousted as well. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some Tesla stock options awarded in a 2018. 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). 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. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives Salary: $681,250Bonus: $2,300,000Stock and options: $2,369,817Total: $5,351,067. . 201-500 Employees. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. The amount you earn as a CTO may vary based on your education level, work experience and skill set. How Much Money Do Oil Refinery Workers Make? This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more. (Her. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . 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. Long-term incentives saw an increase of almost half a million dollars in 2017 to about $1.74 million, a change from the three previous years, which saw long-term incentives of about $1.25 million. Kotick became CEO of Activision in 1991. 33 Fortune 500 companies are led by female CEOs. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Matt Carey has worked at Home Depot for nearly a decade and oversees all aspects of IT infrastructure and software development for its sprawling network of stores and distribution centers, as well as the corporate website and supply chain. By Chet Kapoor, Chairman & CEO of DataStax. Jeff Bezos (Amazon) makes $81K/yr. . According to research by Equilar, in fiscal year 2019, the 50 highest-paid HR executives at Russell 3000 companies received an average annual compensation package of nearly $4.3 million, up from $3.6 million the year before. More answers below $320,000. Median chief executive officer total direct compensation (the sum of salary, short-term incentives and long-term incentives) is $425,000 for the entire survey population of family businesses. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. 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. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,100 to $403,700 with the average total cash compensation of $331,000. A CTO reported a yearly salary of $250,000. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. On the average, compensation among current female CEOs is approximately $10.8 million which is not too different from Fortune 500 average of $12 million. The company ranked 134 on this year's Fortune 500. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. About Lene Skovbjerg's Current Company. Here's a look at how bonuses, stock awards, perks and other compensation add up. How much do Ct Tech Llc employees Hourly make in the United States? 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. C-Suite gets its name from the titles of top senior executives . Average Dev + Engineer salaries in Chicago Salary: $491,439Bonus: $251,458Stock and options: $1,930,658Other: $25,262Total: $2,698,817. More, Recently searched related titles:
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. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. At MetLife, his role spans both customer-facing tech and internal operations and security, and hes in charge of planning digital strategy as well. 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. 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. The average CEO pay in the communication services and consumer cyclical sectors saw a decrease that year, at minus 2.2 and minus 2.3 percent respectively. How much does a CTO Startup make in California? Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just $58,260 in 2021. paywatchMenu Paywatch Highest-Paid CEOs Company Pay Ratios 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. 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