Southern California/Orange County CIO Breakfast Round Table
Present: Ken Wechsler, David Mann, William Zauner, Jon Grunzweig, Jim Sutter, Joe
Desuta, Dave Phillips
The
following is a list of topics and speakers through January:
11/8/12 Google Apps Update Joe Desuta
12/13/12 Branding and Marketing IT Joel Manfredo
1/10/13 Controlling Project Costs Jon Grunzweig
Topic: Compensation trends
We welcomed Ken Wechsler to our meeting and thanked him for driving up
from San Diego early in the morning, in wet weather, to talk about compensation
trends. He started with US forecasts of
GDP and unemployment rates, which look to be improving slowly, as do the stock
prices. Hiring trends are up, and voluntary turnover is rapidly increasing in
San Diego, the Bay Area and in the US in general. In the Life Sciences and
Technology overall salary budgets are increasing, and most companies are
expecting to pay cash bonuses in 2012.
He shared with us details on individual payouts by level. Equity strategies include a mix of stock
options and RSUs (restricted stock units) as a retention incentive. He had several slides on the mix of equity
vehicle usage and cash by position and level.
His slides on CIO compensation and trends were very interesting,
especially the one by organization size:
CIO Compensation – By Organization Size
Compensation packages varies significantly by
the size of the organization.
Component / Org. Size
|
< $200M
|
$200M - $1B
|
> $1B
|
Base Salary
|
$208K
|
$245K
|
$300K
|
Target Bonus
|
30%
|
35%
|
50%
|
Target Total Cash
|
$254K
|
$325K
|
$462K
|
Annual Equity Grant
|
$56K
|
$131K
|
$177K
|
Total Direct Comp.
|
$260K
|
$458K
|
$641K
|
Interesting information! The
whole presentation was very interesting and we thanked Ken for taking the time
and making the effort to attend our breakfast meeting. His slides can be found at: http://www.slideshare.net/occio
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