IT Industry Forecast: What to Expect in 2015

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Salaries and Hiring

Salaries and hiring will continue to rise, but at slower growth rates. Additionally, the make-up of IT staff will remain consistent.

  • Salary increases are most likely to be average, with 68 percent of IT leaders saying that they expect overall staff salaries to increase by up to 5 percent. Only 8 percent expect increases of 6 percent or more and 21 percent expect salaries to remain the same.
  • Hiring expectations have also slowed. Entering 2014, 47 percent of IT leaders expected an increase in full-time IT staff hiring. Entering 2015, just 40 percent expect an increase, and 50 percent expect it to be the same as 2014.
  • Meanwhile, entering 2014, 46 percent expected contingent hiring to increase. Entering 2015, 36 percent expect it to increase and 54 percent expect it to be the same as 2014.

TEKsystems' Take: While the percent of IT leaders expecting increases in hiring declined, they are still optimistic with what the composition of their workforce will be in 2015 as 90 percent expect hiring for both full-time and contingent staff to either increase or stay the same. Headcount changes in 2015 will focus on the expansion of projects already in place over adding headcount to support new programs. While salary increases will be less frequent, any increases will reward those with skills aligned with organizational focus areas.

Despite the ups and downs in recent years, 2015 is poised to be a year of relative calm in IT, according to research from TEKsystems. While budget expectations remain relatively flat, confidence levels among IT departments in their ability to fulfill business needs are increasing. Critical business objectives in the coming year will focus on improving existing apps and infrastructure, improving efficiency and retaining talented staff members. Additionally, given the pervasive nature of data breaches in 2014, security is the top area of concern for 2015.

"It's easy to jump to the conclusion that the reduction in expected budget increases signifies a need to cut back and eliminate important projects, but in reality, IT leaders are simply looking to be more realistic about what they can do with their resources and plan accordingly," said TEKsystems Research Manager Jason Hayman. "Rather than viewing the decrease in the rate of growth of spending as a reason to eliminate projects, IT leaders can instead use that information to implement sound talent management strategies in areas that are truly benefiting the business, and they can allocate resources to solidify those objectives."

 

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

 
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