In today’s unpredictable economic climate, businesses must tackle a range of challenges in order to remain competitive and relevant in their market.
As part of their CIO Market Insights Report, Melbourne IT recruitment firm Resources Solutions Group have provided the Top 5 challenges facing CIO’s in 2013.
Katrina Park, a director of Resource Solutions Group, conducted the survey and interviewed a number of CIO’s across Australia from a diverse range of industries.
With 15 years experience in the Australian IT recruitment industry, Katrina Park has witnessed significant changes in the role of the CIO over that period of time. Being a Melbourne based firm where the two directors have 30 years combined IT Recruitment experience, this has enabled them to form very close strategic relationships where they assist their clients’ to solve complex challenges.
“CIO’s are increasingly being challenged to justify their investments as well as being more strategic through the adoption of mobile technology, social networking and the analysis of customer and market
shifts,” Katrina Park said.
So, what are the Top 5 challenges for CIO’s in 2013?
- Innovation and Technological Change
Over 25% of all CIO’s interviewed listed Innovation and Technological Change as the biggest challenge facing them in 2013.
Cloud, mobile devices, social networking and big data will all come together to create a technological boom that will test the ability of even the best technologists to keep up with emerging technology.
“Innovation is a key driver to growth. It doesn’t only mean creating new products or services, it also means taking costs out of processes and aligning leadership, capabilities, processes, technology and organisational structures to foster a more innovative organisation and culture,” Katrina Park said.
- Managing and Retaining Staff
Around 22% of CIO’s cite keeping and finding quality staff as their most significant challenge in 2013.
It’s no secret that retaining top talent increases business productivity, but retaining staff isn’t as simple as offering them more money.
Employees are most highly motivated when they feel that their organisation places its people first and when they receive regular encouragement from management.
“Employees usually leave a company because of the job itself, not salary or conditions. Lack of job satisfaction and engagement is the primary reason an employee will leave,” said Katrina Park.
- Reducing Overheads and Cost Consolidation
A top priority for many companies, even in uncertain economic times, is growth.
Despite increasing IT budgets, businesses also have higher expectations of getting more for less money.
“There is a reluctance to tie up capital in investments in new hardware and software assets,” said Katrina Park
There is scope though for emerging technology trends such as Cloud and Bring Your Own Device to reduce costs.
- Cultural Change & Business Alignment
IT and business leaders have been discussing increased business alignment for years and it’s no surprise that over 16% of CIO’s feel that Cultural Change and Business Alignment is one of the biggest obstacles facing them this year.
IT exists to support business, so it’s important that IT investments and efforts align closely with key objectives of the business.
“The success or failure of IT projects is not IT’s problem, it’s the whole company’s problem. Rather than allowing IT to rise or fall on its own, the business can recognise its responsibility to stay engaged throughout the project lifecycle,” Katrina Park said.
- Hiring Quality Staff
It’s a well known HR statistic that it costs an average of 2.5 times an individual’s salary to replace an employee that doesn’t work out.
There is a great deal of competition for IT jobs and Katrina Park has some advice for prospective candidates looking for employment.
“The hot IT skills for 2013 are Software, Web & digital Development , Security and Risk, Project Management, Business Intelligence and Analytics, Cloud, Data Centre, Mobile Applications and Device Management,” said Katrina Park.
She also said that the number of IT jobs has grown, meaning more competition between CIO’s for scarce talent.
CIO’s are now aware of the broad variety of challenges facing them, but what are the solutions?
It is clear that companies need innovative strategies around recruitment and staff retention.
Katrina Park said that organisations are only as good as the people who work within them.
“At Resources Solutions Group, we have large resource pool of qualified candidates that is sure to meet your needs in today’s challenging IT climate. As specialists in the IT field, we have the knowledge and industry contacts to bring the most highly skilled and best candidates fast, saving CIO’s time and money,” said Katrina Park.