CIO Outlook on 2013 IT Spending Remains Cautiously Optimistic
Although linguists might find the juxtaposition of "cautious" and "optimism" ironic, tech professionals are accustomed to the term "cautious optimism" regarding the outlook for IT spending, jobs and salaries. In recent quarters, IT has fared better than many other business sectors on these fronts, but global economic pressures—including the debt crisis in Western Europe and concerns about slower growth in the U.S., partly because of tax increases and the political battle over federal spending cuts—are on the minds of many and clearly temper company spending. "Although there's a lot of uncertainty out there, there's a generally slow, methodical move toward a brighter outlook," said Jason Hayman, market research manager for TEKsystems, an IT staffing and human capital management specialist. A new study from TEKsystems shows that IT leaders are divided on whether IT budgets will increase in 2013. Despite uncertainty, the study—based on a poll taken of more than 600 CIOs, IT vice presidents, IT directors and IT managers—points to some silver linings. Demand for developers remains strong, and their salaries are expected to increase accordingly. Overall, more respondents expect permanent IT head count to increase than temporary IT head count, the study shows. Additionally, organizations are looking to improve internal efficiencies, and retain and develop internal IT staffs, in favor of outsourcing, Hayman explains. Take a look at TEKsystems' findings.