Wednesday, 28 November 2018 12:22

Tech leaders harbour ambitions for company top jobs: report

By
Tech leaders harbour ambitions for company top jobs: report Image courtesy of Sujin Jetkasettakorn at FreeDigitalPhotos.net

Almost nine in 10 (87%) Australian CIOs are motivated to become CEO/managing director of their company, according to new research that reveals that despite the level of ambition expressed by Australia’s technology leaders, finance is still the dominant background for almost half of all ASX 200 CEOs.

According to recruitment firm Robert Half its CEO Tracker research indicates that technology plays an increasingly important role in shaping the future direction of Australian companies.

While delivering unique business insights from a financially strategic viewpoint remains a highly valuable skillset, having a background in finance is no longer the only path to achieving this objective, Robert Half says.

“The shrinking percentage of CEOs with a financial background (down from 50% in 2017) suggests that more companies are considering diverse skillsets that can be applied to changing business dynamics, such as technological acumen.”

The research also shows that while only 8% of ASX 200 CEOs currently come from a technology background, almost four in 10 (39%) technology leaders believe CIOs/CTOs and Technology Directors are the main contenders for the CEO/managing director role.

And comparatively, one in four (25%) CIOs think the CFO/Finance Director is next in line for the top job, followed by 9% who believe the COO/Operations Director is the main contender.

“Technology-based skillsets are becoming increasingly influential in developing future business strategies. Today, strategic business decisions are more often than not driven by technology and innovation,” says David Jones, senior managing director of Robert Half Asia Pacific.

“Business leaders who want to climb the corporate ladder increasingly understand the importance digitisation has in shaping the future direction of the organisation, highlighting the need for executives to embrace, understand and develop technological acumen.”

When asked what actions they need to take to reach the next stage in their career, more than half (53%) of Australia’s CIOs say they need to increase their expertise in how the departments can drive business growth/sales, followed by 48% who refer to developing a better understanding of internal business functions other than IT.

In addition, 43% of Australia’s tech leaders say they need to gain experience in business/commercial acumen and 33% point to experience in another part of the organisation.

“Furthermore, CIOs on this path might find their ongoing commitment and loyalty pays off. Promoting from within the organisation seems common for Australian business leaders, with 60% of ASX 200 CEOs having been promoted internally,” the report says.

“Many CIOs have the capacity to position themselves as game-changers within their organisation, as the role of technology has increased dramatically in the wider business context,” says David Jones.

“Successful CIOs who are aiming for the top job combine their technical know-how with business knowledge. They understand the need to build partnerships across the organisation, not just for their future career success, but also to help generate business value from key digital initiatives.”


Subscribe to ITWIRE UPDATE Newsletter here

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments