Why IT Budgets Are Up but Hiring Is Down

 
 
By Dennis McCafferty  |  Posted 09-14-2015 Email
 
 
 
 
 
 
 
 
 
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    Why IT Budgets Are Up but Hiring Is Down
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    Why IT Budgets Are Up but Hiring Is Down

    Only 28% of surveyed IT executives expect increases in full-time hiring for the immediate future, down from 40% at the end of last year.
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    Cash Flow
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    Cash Flow

    50% of surveyed CIOs and other tech leaders expect their IT budget to increase, up from 45% at the end of last year.
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    Vote of Confidence
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    Vote of Confidence

    74% express confidence in their IT department’s ability to satisfy business demands, slightly up from 71% at the end of 2014.
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    Lean Machine
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    Lean Machine

    Just 28% expect increases in full-time hiring for the immediate future, down from 40% at the end of last year.
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    Impact Drivers: Vulnerable State
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    Impact Drivers: Vulnerable State

    62% said cyber-security is making a major impact upon their organization, up from 52% at the end of 2014.
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    Impact Drivers: BYOD Boost
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    Impact Drivers: BYOD Boost

    42% cite mobility as a significant impact-maker within their organization, up from 36% at the end of last year.
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    Impact Drivers: Notable Development
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    Impact Drivers: Notable Development

    41% said DevOps is having a great impact upon their organization, up from just 12% at the end of 2014.
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    Impact Drivers: Cloudier Days
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    Impact Drivers: Cloudier Days

    38% cite cloud computing as a major influence upon their organization, up from 29% at the end of last year.
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    Impact Drivers: Analytical Assessment
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    Impact Drivers: Analytical Assessment

    33% said business intelligence/big data is a top influence within their organization, which is actually down from 41% at the end of 2014.
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    Most Difficult IT Positions to Fill With Exceptional Talent
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    Most Difficult IT Positions to Fill With Exceptional Talent

    Security specialists: 40%, IT architects: 39%, Programmers and developers: 38%, Software engineers: 36%, Project managers: 25%
 

The latest, quarterly “Reality Check” survey from TEKsystems presents a mixed bag of sentiments among CIOs and other IT leaders: IT budgets are on the rise, findings show, but hiring expectations are significantly lower than they were at the end of last year. Meanwhile, tech execs have slightly more confidence in their IT department’s ability to satisfy business demands than they did more than six months ago. “Hiring seems to have hit a summertime lull, as fewer leaders expect hiring to increase in the third quarter after a significant uptick at the end of March,” said Jason Hayman, research manager at TEKsystems. “However, it is good to see the number of IT leaders (who) expect budget increases … Additionally, their consistent confidence in their department’s ability to meet business demands demonstrates a clear understanding of how to align IT initiatives with the needs of the organization.” As for top tech trends that are making the biggest impact upon their organizations? Cyber-security, mobility and DevOps top the list. More than 240 CIOs, IT directors and other tech leaders took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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