The competition for CIO talent remains a challenge for organisations today.
Organisations are developing new ways in which they can retain IT leaders in fulfilling their job role and staying loyal to the business.
Only a third of CIOs reported they have benefitted from an increase in base salary, according to recent research. Executives can create a strategy which will align the employee's needs and the business needs in order to keep their CIO happy in their work.
CIO UK shares its tips on how executives can retain their top IT talent and keep their CIO happy in their role.
How executives can retain CIO talent: Valuing the CIO
The CIO should be able to communicate with executives in sharing ideas about the technology they are currently developing in the business.
One-fifth of CIOs find digital disruption is down to digital innovations in the product and service delivery, according to Harvey Nash. Executives should value their CIO and include them in decisions when investing in future projects.
Organisations need to be open in having a platform for the CIO to voice their ideas. The collaborative approach can increase the creativity skills of the CIO in transforming the business.
The platform will make the CIO feel valued as an employee in taking control of their own path in the company's decision-making.
CIOs are all working towards the same shared goal with 35% of organisations having developed an enterprise-wide digital strategy, according to research.
She said: "(Digital) is a skill that everyone should have at varying levels, bringing diverse teams together and sharing knowledge."
Cooper's role has lead to her hosting internal hack days which sees the business get creative in suggesting ideas.
She continued: "The hack day would be suggestions that would fix business problems, develop new products or improve existing products. Over the two days the development team worked with business colleagues to create working prototypes for seven of 60 ideas."
CIOs and fellow executives can build a relationship in aligning the technology and business strategy to the desired result. This will help any CIO to keep engaged.
How executives can retain CIO talent: Invest in digital training
The CIO is passionate about technology in wanting to expand their digital skills and experience.
As technology evolves so does the role of a CIO having a direct impact on the organisation. Businesses should invest in the latest tools and training programmes to increase the CIO's fulfillment in their job role.
The shape of technology is changing with one-tenth of CIOs reporting more than half of the digital spending is controlled outside of IT.
Digital talent and skill sets need to be invested in by executives in order to boost profits for the company. Businesses can support their CIO in developing new tools and retraining professionals on their digital skills.
How executives can retain CIO talent: Feedback and Praise
Executives can develop the CIO's performance in giving feedback on their job role.
CIOs will feel valued as an employee and as a contributing team member on the recent successes in the organisation.
An effective way of communicating to the CIO can be through one to one conversations, staff meetings and newsletters demonstrating the executive's knowledge of the CIO.
How executives can retain CIO talent: Leading by example
Executives need to show they are passionate about the organisation and set an example to the CIO.
A CIO's presentation to the board can demonstrate their business tech midset of the CIO with executives needing to be engaged in IT.
Experimenting with tools and following the latest digital trends can keep businesses ahead of its competitors in implementing change in the business structure.
The communication between the CIO and executives is crucial in developing the CIO career. Executives and CIOs need to work together to eunsure the work culture is happy in enhancing the CIO's loyalty to the business.