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BOCA RATON, Fla.,
April 4, 2013 /PRNewswire/ -- According to two just-released surveys by
Boca Raton-based Information Technology (IT) search and staffing firm, PROTECH, IT budgets and salaries continue to increase while employers show increased concern about losing key technology staff.
Average 2013 IT budgets increased to 11% from 10.2% in 2012. The 11th Annual Tech Leadership survey also revealed 64% of Tech Leaders plan to increase IT staff this year (up by 22% compared to 2012). And 53% of Tech Executives are concerned about losing top IT talent.
The top reason continues to be compensation with a 67% response (up from 58% a year ago) followed by lack of career path. "Demand outpaces supply for many key tech career disciplines which drives the higher salaries," stated
Deborah Vazquez, PROTECH CEO.
Employees received an average 2012 pay increase of 5%, up from the 3% they received in 2011. "Many of our clients here in
South Florida and other markets we serve are struggling with retention and unwelcomed turnover due to sharp increases in temp contract rates and salaries," said Vazquez.
"This valuable local IT market data shows how strongly our region is trending. I'm pleased to see strength in IT budgets and job market conditions in
South Florida," said
Linda Gove, SFTA Executive Director.
PROTECH surveyed over 750 IT Director to CIO level executives for its 11th annual Tech Leadership Survey; and over 18000 IT professionals for its 9th annual Tech Talent survey. All participants are located in
Palm Beach counties.
Additional survey highlights:
Economic Outlook: The number of Tech Executives who perceive the current health of the overall economy as "Getting Stronger" this year was 60% versus 56% in 2012.