CTO salaries overview in Ukrainian IT in 2022

Twitter
Linkedin
Facebook
Telegram

Has the amount of CTO remuneration changed compared to last year? What motivates and demotivates managers? Find answers and other insights in the new review, enjoy!

Salary review CTO
Kateryna Osadchuk, CEO of Indigo Tech Recruiters Kateryna Osadchuk, CEO of Indigo Tech Recruiters

CEO Kateryna Osadchuk and the Indigo Tech Recruiters team completed a traditional CTO salary overview in IT. Earlier, we released an overview of C-Level salaries for all staff members.

Now we are going to analyze individual job positions from the survey in details.

We express our gratitude to Fint8, represented by Anton Shulyk and Andriy Tertyshnyk, for their help in processing the data.

How much are Ukrainian CTOs paid in IT companies?

We received data from 45 CTOs in Ukraine. Only one woman among them earns $6,000, the salary bracket among other survey participants ranging from $6,150 to $15,700.

78% of respondents work in product companies, 87% work for businesses founded in Ukraine. 55% work in companies that have less than 200 employees.

The level of salaries in technical management roles has become noticeably higher.

Most likely, this had already occurred before the beginning of the war, when the market was actively growing.

According to the latest data, the median salary level is $9,250, while at the beginning of 2021 it was $7,250 and $6,000 in 2020.

1. General salary bracket. 1. General salary bracket.

Looking at the job positions breakdown, CTOs receive higher remuneration than VPs of Engineering — $9,500 and $8,900 at the median respectively. A larger gap is appreciable in the average values: CTOs earn $12,261, while VPs of Engineering earn $9,624.

2. Salary bracket depending on the job position. 2. Salary bracket depending on the job position.

The majority of interviewed CTOs are in age of 25—39 years old. Technical managers aged 35—39 earn the most — $10,000 at the median. However, if we look at the average or at 90th percentile, managers aged 25—34 are at the top. The remuneration of $22,800 is at the top of the salary bracket and $12,576 is on average.

3. Remuneration dependence on employees age. 3. Remuneration dependence on employees age.
Remuneration does not differ much depending on the age of the company.

Companies aged 1 to 3 years and aged 3 to 5 years have the same median remuneration. It amounts to $8,500.

And it is also the same in companies aged 5 to 10 years and over 10 years — $9,250.

Are C-Level positions hard to fill?

We show the first candidates in 6 days. We've been closing difficult jobs for 15+ years, we already have 300,000+ talents in our database. 

Consult me
4. Remuneration dependence on the age of the company. 4. Remuneration dependence on the age of the company.

However, if we look at the average values, the dependence is still observed — the older the company, the higher the salary. Thus, the average remuneration is $9,800 in companies aged 1—3 years and $12,118 in companies aged over 10 years.

5. Detailed salary brackets depending on the age of the company. 5. Detailed salary brackets depending on the age of the company.

Salaries vary depending on the number of employees working in the company. If there are less than 200 employees, the median salary is $8,350. If there are more than 200 employees, it is $12,000.

6. Dependence of remuneration on the number of employees in the company. 6. Dependence of remuneration on the number of employees in the company.

The most of the survey respondents are representatives of the product companies. If we look at the average remuneration values, the difference is negligible: CTOs earn $11,525 in outsource and outstaff companies and $11,137 in product companies. Also, the median difference is in favor of product companies. But at the top of the salary bracket, salaries are higher in outsource and outstaff companies — $19,500.

7. CTO salary rate depending on the type of the company. 7. CTO salary rate depending on the type of the company.

The most of CTOs and VPs of Engineering receive not just a fixed salary, but they have also bonuses, options or shares.

8. Payment form for СТОs. 8. Payment form for СТОs.

In addition to the level of salaries, we were interested to know factors of motivation, demotivation and about some working conditions.

It’s interesting that during the last survey (in 2021) the salary level was primarily important for employees in this job position (70%), but now this motivation factor is on eighth place (44%). And the top three are: freedom in making decisions and implementing them (73%), the culture of trust in the company (64%), and the value of the company’s products and services to customers (60%).

9. Motivation factors for CTOs. 9. Motivation factors for CTOs.

The main demotivation factors are incompetent management (mentioned by 42%), the lack of work-life balance (38%), and culture of distrust in the company (33%).

10. Demotivation factors for CTOs. 10. Demotivation factors for CTOs.

71% of CTOs mention they have an opportunity of flexible working, 53% receive payment for additional education, and 49% have medical insurance. 38% have options (compared to 20% in 2021). 

11. Compensation package for CTOs. 11. Compensation package for CTOs.

We’ll be glad if the information proves to be useful for making the right business decisions.

By Kateryna Osadchuk, СЕО Indigo Tech Recruiters


Looking for a top manager?

We found top managers for Vimeo, Wix.com, DataArt, Jooble and other clients. 

Consult me
Info
Author: Катерина Осадчук
181 Views
Category C-level
18.01.2023
Common articles
Why you do not need an outstanding CEO, CTO, CFO and other CxO
You need good and competent management to make your company grow and develop. But, you don’t have to entice Satya Nadella from Microsoft. When you hire a CEO, CTO or a ma..
Survey on C-Level Salaries in the Ukrainian IT Industry in 2022
Learn about how the war in Ukraine affected the income and motivation of Ukrainian IT companies’ top managers from our new salary survey.
Overview of the salary for C-level in the Ukrainian IT market in 2019
CEO Ekaterina Osadchuk and the Indigo Tech Recruiters team conducted the second annual review of C-level salaries in IT. We share the results
C-Level Executive Salaries in Ukrainian IT Sector in 2021: Overview
CEO Ekaterina Osadchuk and the Indigo Tech Recruiters team gave the third annual overview of how much C-level executives make in the IT sector. We share our results with ..
Overview of C-Level Salaries on Ukrainian IT market
Lately we’ve filled 30 C-level vacancies in IT companies and discovered that neither candidates nor employers feel confident when it comes to numbers
Overview of Product Roles salaries in Ukrainian IT companies
CEO Ekaterina Osadchuk and the Indigo Tech Recruiters team conducted the second annual review of salaries for C-level in IT. We remind you that every year we carry out a ..
COO – the role and salary in the realities of Ukrainian IT
CEO Ekaterina Osadchuk and the INDIGO Tech Recruiters team conducted the second annual review of C-level salaries in IT. Recently, we published a review of the sala..
Review of CTOs’ salaries in the Ukrainian IT industry
The CTO, (Chief Technology Officer), is responsible for the strategic and technical development of the company, developing and optimizing products, as well as the product..
The Role and Salary of COOs at Ukrainian IT Companies
In reality, the responsibilities of the COO are determined by the number of ‘holes’ and and ‘fires’ at their company
Hоw Much Do CEOs at Ukrainian IT Companies Actually Make?
Can the head of a company build a successful business if they see their job environment as demotivating and the payment system unfair?
Overview of CTO salaries in Ukrainian IT
CEO Ekaterina Osadchuk and the INDIGO Tech Recruiters team conducted the second annual review of salaries for C-level in IT. Recently, we published a review of th..
HRs don’t exist in an ideal world, but here, you still have to pay them
About the author: Ekaterina Osadchuk, CEO at Indigo Tech Recruiters , economist, professional psychologist, HRD and director for organizational development, with ove..
CTO salaries in the Ukrainian IT sector: the 2021 overview
Indigo Tech Recruiters CEO Ekaterina Osadchuk and her team have completed the second annual overview of CTO salaries. Read the insights and details in the article below.
How much did CEOs get in the Ukrainian IT market in 2022?
Where is the bigger reward: in product or outsourcing companies? Has the salary of women and men become equal? Answers to these and other questions in our article.
C-level executive salaries in the Ukrainian IT sector: the 2021 overview
CEO Ekaterina Osadchuk and the Indigo Tech Recruiters team gave the third annual overview of how much C level executives make in the IT sector. We share our results with ..