By Paul Fleming Jr.
According to the latest data accumulated by Computer Economics, the outlook for IT departments across the country in 2014 is a favorable one.
In its annual survey of 140 IT shops in the United States, the research organization reports companies are expecting inflation to rise slightly next year. The increase will not be dramatic, however, as a result of the 7 percent unemployment rate in the workforce, which was recently announced by the Bureau of Labor Statistics. That unemployment rate figures to hold the inflation rate down, which means all will potentially see lower pay increases that might happen.
The good news with that is for those who work in IT there could be pay increases that meet or exceed the inflation rate.
According to the IT shops who participated in the survey:
- The average IT pay increase is expected to be three percent in 2014 (With that being the figure given across 69 different IT functions at the companies surveyed.)
In the same study, Computer Economics took the temperature of 137 IT organizations across the globe, with 82 in North America. What they found was:
- 49 percent of those shops expect to increase headcount in 2014
- 42 percent expect to maintain level funding
- Nine percent expect to make cuts
“IT staff headcount has been slowly improving over the last two years among large organizations, but much of those gains have been in the form of an expansion in the use of temporary contract IT workers,” says John Longwell, vice president of research at Computer Economics. “It is not clear whether this trend will continue. The study counts both temporary and permanent workers as part of the IT staff headcount.”
Here’s another take on the report.