Changes in the C-Suite: Recruiting CTOs and CIOs

Hiring in the C-Suite: Recruiting CTOs and CIOs

Recruiting CTOs and CIOs are just as crucial during the Great Resignation. Today’s companies are more digital than ever, and cybersecurity is at the forefront of everyone’s minds. It is the responsibility of the CTO or CIO to oversee the technical aspects of the business. It is generally the CTO’s responsibility to purchase and maintain software that will provide the most support for companies that offer non-technical services or products. Furthermore, it is also the responsibility of these executives to ensure that the organization’s information is secure.

A company’s IT executive has dual responsibilities when it operates in the technology sector. In addition to providing IT support for the company, they are also responsible for overseeing the development of new technology products and services. It is, therefore, necessary for them to have a working knowledge of programming, IT security, and purchasing. 

The following are characteristics to look for when hiring a new CTO or CIO:

CIO versus CTO

Despite their similarity at first glance, the roles of CIO and CTO serve very different purposes. Both executive-level positions can indeed be precious to a company, but right now, your company may require one more than the other.

Whenever you seek a CIO or CTO, ask whether you need to enhance technology within the organization or first for your customers. Consider hiring a Chief Technology Officer if you need to focus on external products and services while driving innovation. On the other hand, you should hire a chief information officer to enhance productivity and improve internal processes. 

Both roles’ presence on large companies’ staff would be beneficial. As well as contributing to company growth, CIOs, and CTOs can positively impact revenue. In addition, if your organization can afford it, you can significantly enhance your business by updating processes with the latest technology trends using these two C-suite positions. 

Having an understanding of new technology tools

The tech team needs a leader who knows what they are doing. To be successful in your career, you must be familiar with new technologies and learn how to use them. It is becoming increasingly challenging to keep up with advances in computer coding and programming, and someone who does not understand their subject—or who cannot direct their team to find solutions—is unlikely to be respected by their peers. 

The technical expertise of software developers and IT professionals is well known, and they will quickly recognize when their superiors lack the necessary knowledge.

Establish a clear understanding of the business’s needs

People who work in the information technology sector are often captivated by various software features and believe that it is the most appropriate solution to a particular issue. However, a CTO needs to consult with the department for which the software is being purchased before making a purchase. 

Suppose, for example, the CTO is responsible for procuring a new accounting solution for the organization. The CTO must obtain input from these departments to determine the needs of the accounting and finance departments. Purchasing software should not solely be based on the fact that it is the latest piece of technology on the market—it should be selected according to the company’s requirements.

The Importance of the Right Hire

A vital aspect of a company’s business strategy is the ability to hire the best executives of today. People are often responsible for determining whether a company will succeed or fail. Therefore, it is crucial to ensure that you have the appropriate people who possess the proper skills to maximize your business’s performance.

Newland Associates: National Retained Executive Search Firm 

With over 100 years of combined experience, we have experience working with private, public, healthcare and non-profit organizations. We help organizations DECODE the HUMAN. Our team of people experts decode the complexities of your people and realize what drives workforce behaviors so you can ensure alignment, reach your team’s true potential, and achieve your business objectives faster than you ever thought possible.