2012 CMIO Compensation Survey: 41- to 45-year-old CMIOs
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An equal amount (38 percent) of this age group earns a salary of $100,000 to $200,000 and $200,000 and $300,000 while 21 percent earn $100,000 or less and 3 percent earn $400,000 or more. Of all survey respondents, 14 percent earn less than $100,000, 26 percent earn $100,000 to $200,000, 43 percent earn $200,000 and $300,000, 14 percent earn $300,000 to $400,000 and 3 percent earn $400,00 or more.
Fourteen percent of this group are very satisfied with their current compensation, 41 percent are somewhat satisfied, 7 percent are satisfied, 34 percent are somewhat dissatisfied and 3 percent are very dissatisfied, compared with 29 percent, 31 percent, 14 percent, 21 percent and 5 percent, respectively, of the overall respondents.
Just over one-third (34 percent) of 41- to 45-year-old CMIOs anticipate changing positions this year, while 52 percent do not and 14 percent are undecided. More of this group are thinking about moving on than the overall CMIO respondents: only 17 percent said they anticipate changing positions this year and 20 percent are undecided.
More than half (52 percent) earned no bonus last year while 7 percent earned a bonus of up to $10,000, 17 percent earned $10,001 to $25,000, 14 percent earned $25,001 to $40,000 and 10 percent earned $40,001 to $60,000. The majority (62 percent) expect to receive a bonus this year: 38 percent expect a bonus greater than they received last year, 17 percent expect the same bonus as they received last year and 7 percent expect less than last year. For all respondents, only 53 percent expect to receive a bonus this year.
Compared to 66 percent of overall respondents, 55 percent of 41- to 45-year-old CMIOs expect a raise this year: 31 percent expect 6 percent or less, 14 percent expect between 6 and 12 percent and 10 expect 18 percent or more.
This group of CMIOs has been employed by their present employer for three years or less (34 percent), four to nine years (28 percent) and 10 to 15 years (38 percent). Given their age, this group are more likely to be in their current position for a shorter time period than the overall respondents. Twenty-one percent have been in their current position for less than one year, 48 percent for one to three years, 24 percent for four to six years and 7 percent for seven to nine years, compared to overall results of 14 percent, 40 percent, 31 percent, 11 percent, respectively, and 4 percent in their position for 10 to 12 years.
Next week we'll take a closer look at those CMIOs who make the highest salaries and earn bonuses.
Beth Walsh,
Editor
Editor Beth earned a bachelor’s degree in journalism and master’s in health communication. She has worked in hospital, academic and publishing settings over the past 20 years. Beth joined TriMed in 2005, as editor of CMIO and Clinical Innovation + Technology. When not covering all things related to health IT, she spends time with her husband and three children.