Conventional wisdom has long held that CIOs should never say "Wait until next year," because that year often doesn't come for them. Everyone knows that CIO stands for Chief Information Officer, but in the early 1990s, it stood for something disparaging—"Career Is Over"—due to their purported brief tenures (two to three years, we were told).
But in a 2008 blog post on this topic, former CIO Editor-in-Chief Abbie Lundberg pointed to 1996 research that revealed that CIOs' average tenure was actually quite respectable back then (nearly five years). It also indicated that they were not the executives getting fired most often. In fact, HR execs earned the most pink slips, while many CIOs left on their own terms to take other jobs.
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CIOs' reputations took a hit after the dotcom implosion and market downturn in the early 2000s. Their slip in stature forced them to become more strategic, more valued and more savvy businesspeople as the decade played out, and subsequently, they regained respect and a seat at the table. CIOs watched their tenure stabilize during the latter part of the 2000s: For instance, CIO's average tenure grew from four and a half years in 2004 to five years by 2007, according to CIO's "State of the CIO" research.
Today, it's rare to see that negative sentiment bubble up again, but when it does, it smacks of ignorance.
Consider a recent comment from Jonathan Yarmis about CIO tenure: "Is it any wonder why the average tenure of a CIO is so brief?" Yarmis, a technology research fellow at Ovum, invoked CIOs' short-lived tenures in the context of a blog on the future of IT research firms. Although it appears he wasn't explicitly trying to make CIOs look inadequate when he made his statement, his comment didn't exactly help the CIO cause, either. It merely perpetuates the stereotype that CIOs are ineffectual executives who don't last more than a few years in their organizations.
What's more, Yarmis's comment shows that he's simply not up to speed on tenure rates for CIOs. According to the "State of the CIO" 2009 data, the average tenure for CIOs in their current position is 5.3 years—11 months longer than it was the previous year.
CIOs vs. the C-Suite
Now, let's compare that number, 5.3 years, to employment data for other top executives, and see how CIOs stack up. (Note: Data is from 2008.)
CEOs—CIOs pale in comparison to the head honchos. According to a Booz & Company study of CEO turnover at the 2,500 largest publicly traded companies, CEO tenure in North America recently rose to 7.9 years.
CMOs—Those in charge of marketing departments seem to be on the hot seat today: Data from executive recruiter Spencer Stuart found that the average tenure for CMOs was a shocking 2.3 years.
Chiefs of HR—A survey of HR execs, reported in Human Resource Executive Online, put average tenure for the top HR exec at slightly less than 6.5 years.