Importance of Investments on IT Job Growth

When ExecuSource launched 15 years ago, companies were still dialing-up the Internet and terms like “cloud,” “SaaS” and “VoIP” were far from mainstream.  ExecuSource has grown alongside the IT sector – helping companies staff burgeoning technology departments.  We’ve seen firsthand how increased IT spending by corporations and local government has fueled Atlanta’s position as a top tech and business-friendly city.

According to Forbes, the reason for these investments is simple, “A firm investing in strong IT will see benefits in future investments.” In the past, other forms of investments including advertising and research and development reigned for business, but today, IT investment has an exponential effect on revenue growth. In a study conducted by MIT Sloan Management Review, a $1 increase in IT expenditures per employee was associated with a $12.22 increase in sales per employee.

When corporations increase IT spending, it’s no surprise that the IT job base expands and becomes more competitive.  In fact, thanks to a growing tech ecosystem, our hometown of Atlanta is the eighth-largest IT employment cluster in the nation. And that ranking could climb.  According to the Robert Half Technology IT Hiring Forecast and Local Trend Report, “90 percent of Atlanta CIOs reported being somewhat or very confident in their companies’ prospects for growth in the first six months of 2014. This is a three percent increase from the last half of 2013 alone! Other Atlanta IT hiring trends include:

 

CIOs adding more staff to IT departments: 18 percent

CIOs planning to hire only for open IT roles: 65 percent

CIOs who plan to reduce their IT staff: 3 percent

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As a top Atlanta recruitment firm that focuses on IT talent, it’s exciting to see the impact technology investment is having on corporations in our area and throughout the nation. Keep up-to-date on the latest IT trends by following @ExecuSourceIT on Twitter and connecting with us on LinkedIn. Looking for a job or need to find the perfect candidate – visit execusource.com today.

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Frank Green, President