Global IT companies expect recovery in 2010
In news that hints at increased job opportunities for IT workers
across the world, a new study from AT&T shows that CIOs and
technology executives expect economic recovery to begin early next year.
The 2009 AT&T Road to Growth study shows that IT decision-makers in the U.S. and Europe have shortened the timeframe over which they expect a return on investment by about 50 percent, due to financial concerns.
This finding follows separate studies on outsourcing trends which also found most companies are opting for shorter contracts that would address specific business goals, rather than the longer contracts of the past.
According to the AT&T survey, cost-cutting and productivity initiatives receive the highest priority at companies in the recession.
Measures taken to achieve these goals include reducing operating costs and enhancing workforce performance.
"Technologies that cut cost, reduce redundancies and loss and improve efficiencies top the priorities list," said Bill Archer, chief marketing officer at AT&T Business Solutions.
Outsourcing is one strategy some companies have been using to keep costs down in the recession.
Statistics from oDesk show that the average hourly rate paid by employers outsourcing to the Philippines is $6.55, far below the oDesk average.