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2014 IT Industry Forecast

Key Points from this Infographic:

TEKsystems® today released its annual research which highlights an increasing optimism in the technology spending landscape. Nearly 900 IT leaders (CIOs, IT VPs, IT directors, IT hiring managers) were polled in September 2013 on the current state of IT spending, skills needs and workforce issues as well as expectations for 2014.

Key highlights from the survey include:

  • Spending and Confidence are High
    • IT leaders are exceedingly confident in stability or growth of IT budgets.
    • IT leaders are confident in their ability to satisfy business demands.
  • Success Hinges on Core Skills and Leaders are Prepared to Pay
    • Hands-on positions are more critical to success than leadership.
    • Exceptional talent in critical skills is hard to find; pay increases match scarcity.
  • Impact Areas Welcome Virtualization to Top 5; Spending Areas are Interdependent
    • Virtualization and Big Data switch spots.
    • Ripple effect occurs in IT spending.
  • Salaries on the Rise, Hiring Increasing at Similar Rates Across Employment Models
    • IT leaders prepping salary structures to allow increase.
    • Regardless of skill area, majority of IT leaders expect some salary increase.
    • Organizations hiring in a mirror-image, blended model.

“In comparison to last year, IT leaders have significantly shifted their outlooks to be positive overall in IT budget allocations as well as their expectations for hiring and salary increases,” says TEKsystems Research Manager Jason Hayman. “Most interesting is that there seems to be greater demand for the core skill sets of programming and application development and software engineering. IT leaders indicate exceptional talent has become harder to find in these areas and have adjusted their salary strategies accordingly.”

TEKsystems’ Jason Hayman is available for additional commentary. For more information about the survey or to schedule an interview, please contact Rick McLaughlin (TEKsystems@daviesmurphy.com).