CIOs face pay freezes in 2012

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Source: Harvey Nash

Some 61% of CIOs face a salary freeze in 2012 as nervousness over the economic climate and the debate over executive salaries continues.This compares with 50% who experienced a pay freeze in 2011. Despite this, almost a third expect to benefit from a salary increase this year.

There is better news for the 78% of CIOs who are eligible for a bonus this year. Almost a quarter expect a higher bonus this year compared to last year, when the average bonus level was 9%. The trend suggests that employers are turning to bonuses to give them greater flexibility over remuneration during a difficult time in the economy.

For more, download the Harvey Nash CIO Survey.

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