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 Florida's Broward, Miami-Dade and 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.
The top three technology-related priorities for 2013 are "Infrastructure Upgrades" (34%); New Large Applications Development endeavor" (33%) and "Web site redesign" (20%).
72% of tech leaders reported the IT function is viewed as "critical" within their organizations (up from 56% in 2012).
About South Florida Technology Alliance (SFTA)
The SFTA promotes the growth, success and awareness of the South Florida technology community. Its member roster includes South Florida's leading high-tech, high-growth companies. Through events, networking, programs and education, the SFTA provides south Florida's technology-related companies, academic institutions, and entrepreneurs with an active forum to grow the business of technology. For more information about the SFTA, visit www.SouthFloridaTech.org.
PROTECH is a leading provider of IT staffing, placement and professional services for South Florida and tri-state New York employers with a guaranteed turn-around time of 48 hours for the most difficult to fill positions. For more information, visit www.protechfl.com.
Deborah Vazquez, CEO
SOURCE South Florida Technology Alliance