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Job cuts in IT departments are coming to an end, with only one in ten IT directors expecting to axe staff in 2013, half the proportion planning job cuts a year ago. This is according to research by ReThink Recruitment.
This found that the number of IT directors predicting job cuts reached a five-year low. Michael Bennett, director at ReThink Recruitment, said: “Confidence about what 2013 holds in store has spread throughout IT departments. Factors that tended to make IT directors cautious last year have subsided. Businesses are now hoping to bring years of IT job cuts or headcount freezes to a close and are ready to invest in their IT departments again.”
IT department job cuts had been high until now, he said. And optimism is moving beyond isolated pockets, such as the retail or banking sectors. “Generally, expectations of headcount, salary, and budget increases are all up on recent years. The importance attached to IT departments has grown enormously since the financial crisis, but paradoxically this has not been matched by growing IT investment,” said Mr Bennett.
The survey also found that 87% of IT directors were concerned about attracting the right candidates to vacancies and 83% were concerned about retaining staff. “With pay rises finally becoming the norm again, IT departments may struggle to hold onto staff that have put up with years of pay freezes and who could be easily tempted to move elsewhere by the offer of a better salary,” said Mr Bennett.