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Global IT companies expect recovery in 2010

Written by: Daryl James

Article Overview: 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.

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.

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Article Tags: amp, bill archer, business goals, business solutions, chief marketing, cios, cost cutting, decision makers, economic recovery, efficiencies, financial concerns, hourly rate, job opportunities, outsourcing trends, recession, redundancies, return on investment, technology executives, timeframe, workforce performance



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