Salaries for CEOs in the Ukrainian IT industry: $7,000 – $11,600 per month
Indigo Tech Recruiters has prepared an overview of salaries for C-level managers in the Ukrainian IT market. The survey included 75 CEOs, General Managers, Country Managers, and founders who act as CEOs in their businesses.
The income range for business managers is as follows:
Hired CEOs have the highest salaries, starting from $4,200, with a median salary of $7,000. Founders who act as CEOs have the same figures. Country Managers and General Managers have the highest median salary ($7,875).
Age and gender ratio
Twelve female CEOs participated in the survey. Their median income is 40% lower than that of men.
The majority of the survey participants are between 30 and 39 years old. CEOs who are over 35 years old make 60% higher income on the median than their colleagues who are 30 to 34 years old.
The majority of respondents (62%) work in Ukrainian product companies. 18% and 14% of the respondents work as outsourcers and outsuffers at companies based in the US and Europe.
The product companies and outsourcing companies have the same median pay level of $7,000. From the 75th percentile onwards, there is a difference in income in favor of the CEOs of product companies.
There are also the following two trends on the market: the older the company and the larger the number of employees, the higher the salary of the C-level managers. For example, at companies that have been operating for 10-20 years, the median salary for a business manager is $8,250.
At large companies employing 201 to 800 people, C-level manager’s salaries are significantly higher than those of colleagues at smaller companies – starting from $5,275, with s median of $11,600.
Motivation and demotivation factors for CEOs
The results of the survey show that 44% of respondents are completely satisfied with their remuneration. Salary level ranks third among motivation factors. Freedom of decision-making is in the first place (69%) and professional growth – in second place (56%).
Notably, the salary level is fifth in the list of the demotivation factors. The top four demotivating factors are lack of professional growth and freedom in decision-making, lack of work-life balance and professional growth, and incompetent management.