Q1 2015 IT Reality Check: Budgets, Hiring, Trends

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6
Next Next

Budget and Confidence

Budgets stay the course; IT leaders slightly less confident in ability to satisfy business demands.

  • Heading into 2015, 45 percent of IT leaders expected their IT budgets to increase, and 43 percent expected increases at the end of Q1. The number of leaders who expected budgets to stay the same increased from 39 to 43 percent. Those expecting decreases shifted from 16 to 14 percent.
  • Heading into 2015, the number of IT leaders who were confident in their IT department’s ability to satisfy business demands stood at 71 percent. At the end of March 2015, 70 percent of leaders expressed confidence.  IT leaders expressing a neutral position decreased from 20 to 18 percent. Those who lacked confidence in their department’s ability to satisfy business demands increased from 9 to 12 percent.

Findings: The percentage of IT leaders who expected budget increases or decreases each lessened by 2 percent and shifted to “stay the same,” which increased by 4 percent. Those expressing a lack of confidence increased 3 percent, shifting from those who expressed confidence (down 1 percent) and those who were neutral (down 2 percent).  

TEKsystems, a leading provider of IT staffing solutions, IT talent management expertise and IT services, recently released the results of its quarterly IT “Reality Check,” a survey that compares current market conditions on the state of spending, skill needs and impact areas originally reported in the company’s Annual IT Forecast released in December 2014. The most recent survey represents the views of more than 300 IT leaders (CIOs, IT VPs, IT directors, IT hiring managers) as of March 2015.

Overall, industry leader expectations and trends remained relatively consistent throughout Q1. The one exception was in hiring expectations. Both full-time and contingent hiring is expected to increase in Q2 of this year.

This slideshow features highlights from the survey.


Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

More Slideshows

NETSCOUTShadowIT0x 6 Tips for Combating Shadow IT Once and for All

To mitigate the risks of shadow IT, organizations must demonstrate the necessary agility and high quality of complex service assurance that users are looking for. ...  More >>

IT_Man85-290x195 Business in the Front, Balance All Around: Working with Gen Z

In order to attract Gen Z talent, employers will need to take into account that this group of the workforce may expect a different set of benefits. ...  More >>

KavaliroITSkills0x 5 Essential Skills for the IT Leader

Successful IT leaders have to have very specific skills, but still know how to run a team, meaning they must master the so-called soft skills that are not taught formally. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.