The services of a chief information officer (CIO), while vital to a company’s success, aren’t inexpensive. According to PayScale the average salary of a CIO is $147,858. Many small companies can’t afford a payroll of $150,000, let alone afford to pay one person that much money. Of course, there are people willing to work for less for the right fit, the values or quality of life, so you can likely find a person willing to work for less. CIO is an important enough position, though, where you can’t risk hiring the wrong person to save money, it would be better to not have anyone at all. With the cost being so prohibitive, when should a company consider adding a CIO?