The churn among top IT staff is at record levels, with their strategic influence on the wane, warns recruitment agency Harvey Nash.
The Harvey Nash survey of more than 650 UK CIOs and other senior technology professionals revealed that 10% felt their role was becoming less strategic, and 58% expect to have moved jobs within the next two years.
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The annual survey revealed that 46% of CIOs are on the board, and only 35% report directly to the CEO. Belief in the strategic value of IT has dropped year-on-year - only 61% of respondents thought the role of the CIO was becoming more strategic, down 15% on last year.
This drop in confidence is shared by board-level peers with 47% of CFOs viewing IT solely as a support function with no need for board representation, said Harvey Nash.
A perceived failure to deliver on innovation is to blame - 65% of businesses have no structured approach to IT innovation and, when they do innovate, 78% reported only reasonable or limited success.
As a result more and more senior IT professionals are on the move - 28% claim they would leave their current role in order to have more hands-on involvement in business strategy, and 29% are already actively looking.