Where to look and how much to pay CDTO
Posted: Mon Jan 20, 2025 4:49 am
The CDO's activities in different companies may be aimed to a greater extent either at the development of information systems or at marketing and electronic promotion. One way or another, any specialist must be able to act consistently, learn quickly and make non-standard decisions. Due to participation in the implementation of grandiose plans, the distinctive feature of the CDO is the ability to establish contacts and negotiate with all business participants, including shareholders, defend their point of view and find allies - both in their team and in higher divisions.
Often, owners and management assume that a CDO will be able to solve all the pressing problems in one moment, and as a result, the search reaches a dead end. This has happened before, when companies hoped for a miracle from CFOs and strategy directors.
First of all, a candidate for dentist database the position of CDO must meet three conditions:
the presence of transformational potential – the ability to manage large-scale reforms related to the digital sphere;
ability to make decisions in accordance with the company's strategy;
Coordination of the viewpoint regarding the future of the company with its director and shareholders. This is of particular importance if the applicant has his own business.
If the candidate has not completed special training courses, it is better if he has experience working in companies whose activities are related to digital technologies. Also, the role of CDO can be suitable for in-house specialists, such as heads of departments with skills in developing strategies or market promotion. Companies with a high level of digital technology implementation can become sources of valuable personnel that even popular brands may be interested in. As an example of this, it is worth mentioning the transition of the director of digital and information projects support from X5 Group to Ozon.
To assess the candidate’s transformation potential, you can study the projects he worked on – draw a conclusion about his ability to implement new technologies and quickly respond to the emergence of new factors.
To save time on finding the perfect candidate, it makes sense to give him a partner – another manager with whom he could work in tandem and share experience. For example, you can combine the CEO and CDO or the CDO and CTO (Chief Technology Officer) – in this case, they will divide the marketing and technology functions between themselves.
The demand for these specialists is extremely high, and a candidate for the position often receives several offers at once. Suffice it to say that the earnings of an experienced CDO, excluding the long-term compensation program, can reach $ 1 million per year. At the initial stage, the director can receive from 650 thousand to 1 million rubles per month, and the additional bonus is 30-100% of the annual income.
Where to look and how much to pay CDTO
Initially, experts believed that the CDO as an independent position would cease to be in demand: due to the widespread spread of digital technologies, its relevance would decrease, and CEOs would again take on strategic tasks. The era is not far off when new requirements will be imposed on the latter, among which the main place is occupied by readiness for digital transformations. But at the moment, CDOs are still highly valued in the labor market. Companies strive to more accurately specify their responsibilities and performance evaluation criteria, so it becomes easier for the candidate to make the right decision.
Often, owners and management assume that a CDO will be able to solve all the pressing problems in one moment, and as a result, the search reaches a dead end. This has happened before, when companies hoped for a miracle from CFOs and strategy directors.
First of all, a candidate for dentist database the position of CDO must meet three conditions:
the presence of transformational potential – the ability to manage large-scale reforms related to the digital sphere;
ability to make decisions in accordance with the company's strategy;
Coordination of the viewpoint regarding the future of the company with its director and shareholders. This is of particular importance if the applicant has his own business.
If the candidate has not completed special training courses, it is better if he has experience working in companies whose activities are related to digital technologies. Also, the role of CDO can be suitable for in-house specialists, such as heads of departments with skills in developing strategies or market promotion. Companies with a high level of digital technology implementation can become sources of valuable personnel that even popular brands may be interested in. As an example of this, it is worth mentioning the transition of the director of digital and information projects support from X5 Group to Ozon.
To assess the candidate’s transformation potential, you can study the projects he worked on – draw a conclusion about his ability to implement new technologies and quickly respond to the emergence of new factors.
To save time on finding the perfect candidate, it makes sense to give him a partner – another manager with whom he could work in tandem and share experience. For example, you can combine the CEO and CDO or the CDO and CTO (Chief Technology Officer) – in this case, they will divide the marketing and technology functions between themselves.
The demand for these specialists is extremely high, and a candidate for the position often receives several offers at once. Suffice it to say that the earnings of an experienced CDO, excluding the long-term compensation program, can reach $ 1 million per year. At the initial stage, the director can receive from 650 thousand to 1 million rubles per month, and the additional bonus is 30-100% of the annual income.
Where to look and how much to pay CDTO
Initially, experts believed that the CDO as an independent position would cease to be in demand: due to the widespread spread of digital technologies, its relevance would decrease, and CEOs would again take on strategic tasks. The era is not far off when new requirements will be imposed on the latter, among which the main place is occupied by readiness for digital transformations. But at the moment, CDOs are still highly valued in the labor market. Companies strive to more accurately specify their responsibilities and performance evaluation criteria, so it becomes easier for the candidate to make the right decision.