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Chief technology officers (CTOs) are vital members of research, development, and technology teams, overseeing daily development and software operations and leading software development teams and processes. Proficient CTOs can provide mentorship, share technical experience, and help acquire and manage relevant software. These professionals help businesses grow, scale, and remain top contenders in a competitive industry.
As beneficial as these experts are, it can be challenging to secure their employment. Many companies compete for the best CTOs in the business. It may also be costly, especially within a highly competitive market.
This article explains CTOs and their roles and gives insights into their salaries and the hiring process. It will also discuss Revelo's services and how we can help you hire a CTO for your organization.
CTOs oversee and manage a company's research and development (R&D) teams and help with technological needs. They are the highest level of technology executives and often have many organizational roles, including customer relations liaison, strategic planner, and infrastructure manager. CTOs have a background in IT, with around 15 years of IT experience, and often possess degrees and certificates in business administration and computer sciences.
Though they assume more of a leadership role, it's not uncommon for CTOs to help with development. Due to their extensive knowledge and background, they can offer expertise and unique insights into development practices. In the past, CTOs assumed the chief information officer (CIO) role. However, these two roles have split, each with its own focuses and responsibilities.
The roles and responsibilities of CTOs vary across industries. There are, however, a few commonalities that CTOs share in their daily operations, including:
Because CTOs have extensive education and experience, hiring for this role can be expensive. According to Glassdoor, a U.S.-based mid-level CTO with four to six years of experience (in this role) makes an annual salary of $207,461.
While CTOs in Latin American countries are equally skilled, their lower cost of living means they usually earn 30% to 50% less than their counterparts, with salaries varying based on location and experience. Revelo provides a cost-effective solution while offering highly qualified, pre-vetted Latin American CTOs.
Standing out with a compelling job description to persuade and attract the best talent to your company is crucial in a competitive market. Well-crafted job descriptions should clearly outline the position requirements, skills and qualifications, and information about your company's vision and goals. Below are additional areas to include in your description:
Asking the right interview questions can help you assess a candidate’s knowledge, skills, leadership style, and personality. Make sure your questions are tailored toward the specific seniority level you’re hiring for, and ask questions that revolve around a candidate’s educational background, work history, and attitude.
This question lets you learn more about a candidate's problem-solving, leadership, and critical-thinking skills. Candidates should be able to explain how they would use micro-services instead of monoliths and other methods to create an IT architecture that can keep up with changing environments.
Asking this question can help determine what workflows your CTO is familiar with and comfortable with. Learning what they disliked about past deployments can also help you gauge where their skills may be lacking or areas for improvement.
Because candidates should be familiar with DevOps, it should be easy for them to talk about the features and benefits of deployment.
This question can help further gauge a candidate’s leadership skills. A CTO must know how to lead both a team and an organization. Working within a technological field means they’ll likely encounter issues, especially regarding change. Change always requires planning, such as cost analysis and risk mitigation, so your candidates should be able to explain a time that they had to deal with these challenges and how they overcame them.
Finding and hiring CTO talent in a competitive market can be exhausting and time-consuming. Revelo can help, so you can focus your energy on growing your business.
Our talent marketplace is designed to help entrepreneurs and tech leaders find and hire top-notch talent from Latin America. Our dedicated team will match you with highly vetted tech talent based on your requirements. Once you’ve found an ideal hire, our team will handle the rest, including payroll processing, benefits administration, taxes, local compliance, and more.
Contact us to learn more about how to hire the best talent for your growing team.
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Yes, if for any reason you find the developer you hire isn't a good fit within the first 14 days - you pay nothing or we can find you a replacement at no additional cost.
Hiring a full-time developer through Revelo is a simple 3-step process. First, you tell us your hiring needs. Second, we match you to the best developers within 3 days. Third, you interview the candidates you like and hire the one you like most.