Reasons for CIO turnover

Referring to a survey by Harvey Nash published earlier this year which said that most CIOs in the UK plan to change jobs within 24 months, one industry expert seeks to analyse the reasons why CIOs are getting "itchy feet".

Writing in CIO magazine, Martin Veitch says that there are three main reasons why IT execs have a "willingness to embrace a gipsy existence".

Firstly, the days of a one-company career are largely a thing of the past.

"As companies have flexed workforces, merged or demerged to suit prevailing economic conditions, most of us realise that a life of hopping between employers, like frogs alighting at enticing lily-pads, might be preferable to sitting tight and hoping for a gold carriage clock and pension," he says.

The second reason is the current economic condition, and the third is that CIOs "tend to be noncommital about their futures because they're very sharp people and top management will always be in demand in any economic situation".

Mr Veitch concludes that it may just be that "the fear factor of changing company and changing career has gone".

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