Good news, bad news on the IT job front. Businesses are increasing their budgets, but not by enough to support new, full-time employees.
A new survey shows that about half of companies plan to hire more contractors than full-time staff in the next 12 to 18 months.
Mondo, the IT resourcing provider, says that 32 percent of respondents plan to increase their annual IT contractor budget during that same time period.
The survey also found that 73 percent of respondents currently use contractors for application services, which includes application development, Web and mobile development, application hosting and application maintenance. Application services amounts to an average of 48 cents out of every IT outsourcing dollar.
Speaking of application services, 30 percent of respondents said that they planned on outsourcing more application development work, while 27 percent plan on outsourcing more mobile and Web development over the next 12-18 months.
"We are entering the era of elastic workforce and businesses want to have access to experts and hard to find talent, when they need it, without taking on new overhead," said Michel Kirven, CEO of Mondo. "By leveraging IT contractors, CIOs and CMOs are empowered with access to the right resources at the right time, and can dedicate the proper skills to the task at hand."
Mondo's survey results come from more than 200 IT decision-makers and include data from thousands of contract IT placements from June 2012-June 2013.