Third-Quarter IT Reality Check – Budgets, Hiring, Trends

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Full-Time Hiring

Full-Time IT headcount is on the upswing.

  • Heading into 2014, 47 percent of IT leaders expected increases in full-time hiring. Sequentially, the percentage of IT leaders who reported increases in full-time hiring were 35 percent (end of March), 31 percent (end of June) and 37 percent (end of September), indicating an increase since the mid-year decrease.
  • Heading into 2014, 44 percent of IT leaders expected full-time hiring to stay the same as in 2013. Sequentially, the percentage of IT leaders who reported flat levels of full-time hiring were 56 percent (end of March), 56 percent (end of June) and 52 percent (end of September).
  • Heading into 2014, 9 percent of IT leaders expected full-time hiring to decrease. Sequentially, the percentage of IT leaders who reported full-time hiring had decreased were 9 percent (end of March), 13 percent (end of June) and 11 percent (end of September).

Findings: Expectations for hiring full-time employees are on the rise. Since midyear, an additional 6 percent of IT leaders expect increases in full-time hiring, while those who expected full-time hiring to stay the same decreased 4 percent and those who expected it to decrease dropped 2 percent.

Recently, TEKsystems, a leading provider of IT staffing solutions, released results from its quarterly "IT Realty Check," which compares current market conditions with the state of spending, skills needed and the impact areas originally reported in the company's "Annual IT Forecast" released in November 2013.

More than 62 percent of respondents in the 2014 forecast expected to see budget increases this year. In fact, only about 46 percent actually realized these increases, and 15 percent saw declines – three percent higher than expected. Additionally, IT leaders' confidence in their departments' ability to meet business demands has declined.  

Regarding employment, IT managers continue to have difficulty hiring qualified architects and developers, as well as project managers. And even though budgets have not increased as much as expected, IT hiring has continued on an upward swing, with managers expecting this trend to continue.

"The latest data shows some inconsistencies in what IT leaders are experiencing. They seem to have accepted that they will not see the budget increases they expected, and now as the year comes closer to an end, they are losing confidence in their ability to satisfy business demands," said TEKsystems Research Manager Jason Hayman. "On the bright side, IT leaders have a good grasp on the IT trends that most impact their organizations and they anticipate an increase in hiring. The third quarter closed with an uptick in hiring for both full-time and temporary workers, indicating firms are likely staffing up to make a last push at fulfilling important business initiatives."

 

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

 
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