Although the average 2012 information technology budgets grew to 10.2 percent from 8.5 percent in 2011, 57 percent of IT leaders are concerned about losing top talent, which is up by 14 percent, according to two recent surveys by staffing firm PROTECH.
The surveys also show that 42 percent of respondents say they plan to increase IT staff this year, an uptick of 13 percent from 2011, and the number of respondents offering professional development and technical training increased to 88 percent in 2012 from 63 percent in 2011.
"With IT employment at an all-time high, it's becoming an increasingly competitive landscape for employers to secure and retain top IT talent," says Deborah Vazquez, CEO of PROTECH.
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According to the surveys, there's a noticeable shift in direct employment as opposed to temporary staffing. In fact, the balance of direct employees is up by 21 percent from 2011.
"Employers are more confident about making longer term hiring decisions in IT which can further propel corporate growth and streamline operations," Vazquez says.
On average, employees received pay raises of 3.5 percent, up from the 2 percent they received in 2010, and 56 percent of respondents believe the economy is improving this year as opposed to 53 percent in 2011.
Among the top three technology-related priorities for 2012 are infrastructure upgrades at 38 percent, website redesign at 23 percent and large applications development at 20 percent. Another 56 percent of respondents say the IT function is seen as critical within their organizations, which is up from 50 percent in 2011.
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