Hiring, Spending On The Mend - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Business & Finance

Hiring, Spending On The Mend

Hiring is on the upswing, according to a survey of 300 companies by online job-recruitment service Dice Inc. More than 70% of respondents plan to increase tech hiring in the next six months, compared with a year ago, when 23% said they planned to increase hiring.

Tech-job postings on Dice's site have jumped 40% since January, to about 33,000 last week, Dice president and CEO Scot Melland says. Nearly half of those positions are for consultants or contractors; an uptick in demand for these types of workers usually precedes by six to 12 months growth in full-time hiring. Dice customers that participated in the survey include large IT vendors, services firms, and recruiting companies.

More upbeat news came last week from Meta Group's 2004 Worldwide IT Benchmark Report, which is predicting a rebound in IT spending next year, to about 5% of revenue. IT spending was flat this year, with companies spending an average of 3.8% of revenue versus 3.6% in 2002.

Manufacturing and insurance are expected to have the biggest increase. They drastically cut spending over the last few years, and their investments in areas like enterprise resource planning and customer-relationship management are "frozen in time," says Howard Rubin, Meta executive VP and the report's author. Both industries will increase IT spending by about 12%.

Most of the increased spending will be on products, rather than hiring a lot of new U.S. workers, Rubin predicts. That's because 41% of companies say they're outsourcing new software development, and 90% of that work is going offshore.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2019 State of DevOps
2019 State of DevOps
DevOps is needed in today's business environment, where improved application security is essential and users demand more applications, services, and features fast. We sought to see where DevOps adoption and deployment stand, this report summarizes our survey findings. Find out what the survey revealed today.
How to Land a Job in Cloud Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/19/2019
How to Convince Wary Customers to Share Personal Information
John Edwards, Technology Journalist & Author,  6/17/2019
The Art and Science of Robot Wrangling in the AI Era
Guest Commentary, Guest Commentary,  6/11/2019
Register for InformationWeek Newsletters
Current Issue
A New World of IT Management in 2019
This IT Trend Report highlights how several years of developments in technology and business strategies have led to a subsequent wave of changes in the role of an IT organization, how CIOs and other IT leaders approach management, in addition to the jobs of many IT professionals up and down the org chart.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll