Encouraging Forecast for 2015 IT Budgets

By Dennis McCafferty
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    Tempered Expectations

    Tempered Expectations

    45% of the IT leaders surveyed expect their organization's IT budget to increase in 2015, down from the 62% who predicted an increase for 2014.

Less than half of North American organizations will see technology budget increases in 2015, reflecting a decline from last year, according a recent survey and forecast from TEKsystems. The overall findings, however, are encouraging: Most IT leaders expect overall IT salaries to increase this year, especially for professionals overseeing security, programming/development, project management and other key technology areas. And few companies anticipate reducing their IT department's staff size. That means any budget declines will most likely result from more efficient and effective IT planning, as opposed to project eliminations and staffing cuts. "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," says Jason Hayman, research manager for TEKsystems. "In reality, IT leaders are simply looking to be more realistic about what they can do with their resources and plan accordingly. Rather than viewing the decrease in the rate of growth of spending as a reason to eliminate projects, IT leaders can 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." More than 500 CIOs, IT directors, hiring managers and other technology leaders in the United States and Canada took part in the research.

This article was originally published on 2015-01-07
Dennis McCafferty is a freelance writer for Baseline Magazine.
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