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CIOs show more confidence in fourth quarter spending, growth

by Dave Hannon

September 14, 2010

by Dave Hannon

A recent survey from staffing firm Robert Half Technology found that the majority of CIOs polled (45%) are optimistic about their firms investing in IT projects in the fourth quarter. Another 36% were on the fence in their expectations, while only 18% were less confident about their firms spending on IT projects.

The survey of 1,400 U.S.-based CIOs also found that 84% were very or somewhat confident in their organizations’ growth prospects in the fourth quarter, up three points from the third quarter.

“Technology executives continue to add staff to keep up with rising workloads and to implement projects previously put on hold,” said John Reed, executive director of Robert Half Technology. “Many organizations have realized that technology investments can lead to long-term cost savings and better efficiency, which has resulted in hiring in a number of IT specialties.”

A June survey from Robert Half found that 34% of technology executives were concerned about losing top IT performers to other job opportunities in the next year.

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