Q1 Budgets Fall, Fewer Security Experts Hired

 
 
By Karen A. Frenkel  |  Posted 05-28-2014 Email Print this article Print
 
 
 
 
 
 
 
 

TEKsystems' new "Quarterly IT Reality Check" survey finds smaller tech budgets in the first quarter, but more IT leaders who are confident about their ability to meet business demands. Security experts and big data talent, however, are more difficult to hire. The study compares current market conditions to spending, skills needs, and other impact areas reported in the company's Annual IT Forecast released last November. It represents the views of 244 IT leaders, including CIOs, CTOs, IT vice presidents, IT directors and managers. "Budget optimism was a little overstated as it has impacted initial hiring," says TEKsystems Research Manager Jason Hayman. "As IT leaders continue to see how well their IT department can satisfy their organization's business needs, it will be interesting to see how conditions continue to develop, either falling in line with or skewing further away from expectations, and how organizations will adapt." For more about the survey, click here.

 
 
 
  • Fewer Budget Increases

    62% of IT leaders expected budget increases, but only 47% received increases. The number of leaders whose budgets are the same increased from 26% to 38%.
    Fewer Budget Increases
  • Budget Decreases Unchanged

    IT leaders expecting decreases shifted less than 3%, from 12% to 15% compared to the 2013 Annual IT Forecast.
    Budget Decreases Unchanged
  • Confidence Prevails

    More IT leaders' budgets are flat, but the number of IT leaders confident in their department's ability to meet business demands increased from 66% at the end of 2013 to 72% at the end of Q1.
    Confidence Prevails
  • Neutrals Decline, Low Confidence Rises

    IT leaders neutral about meeting demands decreased from 21% to 15%. Those lacking confidence in their ability to meet business demands increased from 6% to 12%.
    Neutrals Decline, Low Confidence Rises
  • Security Experts More Difficult To Hire

    IT leaders rank security, programmers, and big data experts as the three most difficult positions to fill. Business analyst remains the fourth most difficult role to fill.
    Security Experts More Difficult To Hire
  • Hiring Other Talent Easing up

    It is less difficult to hire architects, software engineers and project managers, compared to last year.
    Hiring Other Talent Easing up
  • Mobility and Security Have Biggest Impact

    Mobility, security, cloud computing and big data are impacting enterprise the most. Mobility shifted from number 3 to number 1. Security remained the same at number 2.
    Mobility and Security Have Biggest Impact
  • Social Media Spikes

    Social networking peaked in importance, jumping from 10th to 5th place in Q1 2014.
    Social Media Spikes
  • Full-time and Contingent Worker Hiring Increases

    Only 35% of IT leaders say hiring full-time and contingent IT workers increased in Q1, possibly due to fewer budget increases.
    Full-time and Contingent Worker Hiring Increases
 
 
 
 
 
Karen A. Frenkel writes about technology and science, innovation, and entrepreneurs and lives in New York City.

 
 
 
 
 
 

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