Majority Of CIOs Plan To Expand Their IT Teams Despite Shrinking Budgets
ITPro, Tuesday, June 27,2023
While IT leaders are keen to expand headcounts in 2023, turbulent economic conditions and 'slow hiring' issues are stymying plans
CIOs are contending with significant 'roadblocks' in IT hiring despite an appetite to expand headcounts in the year ahead, according to new research.
81% of CIOs plan to increase their IT headcount in 2023, according to Gartner. However, this optimistic outlook and prospective hiring spree could be scuppered by growing economic volatility.
Nearly half (41%) of CIOs at large enterprises reported 'slow hiring' for IT roles amid talent shortages, while 35% revealed they were contending with a decreasing overall IT budget that is inhibiting their ability to attract talent.