Although the recruitment and retention of skilled IT professionals continues to be a key issue for organizations, even under the current economic conditions, IT organizations will be cautious about their hiring plans in 2008 and 2009 in response to potential IT budget cuts, according to an annual survey by Gartner, Inc.
According to a survey of 285 U.S.-based IT organizations, 57.9 percent projected an increase in IT staff levels (including full-time employees and contractors as supplementary staff) during the survey time period (March 1, 2008 through February 28, 2009). However, this is a notable drop from 66.3 percent reported in the 2007 study. At the same time, the survey also showed the percentage of organizations projecting a greater than 10% increase in head count also dropped from 15.7 percent in 2007 to 12.1 percent in 2008.
The survey showed that the median employee-initiated turnover rate with retirements was 7.1 percent, down from 7.2 percent in 2007. The median voluntary turnover rate without retirements was 7 percent. IT organizations in other services, public, nonprofit and manufacturing experienced more retirement-related turnover than other industries over the past 12 months.
The survey showed that current economic conditions have yet to have a material impact on compensation budgets. Enterprises are continuing to budget for pay increases in 2008 at a level similar to previous years, with the reported median salary increase budget at 3.6 percent.
Companies that know where to invest their dollars in which reward elements based on their workforce demographic compositions, and closely align their rewards strategies with those of the business and IT, will gain a competitive advantage over their peers in the marketplace in attracting and retaining desired IT talent.
More information on the IT industry can be found at www.supportindustry.com
No comments:
Post a Comment