Study: Businesses are spending more to train, hire IT professionals

Businesses will need to expand their payroll to make room for the competitive IT market.

Businesses will need to expand their payroll to make room for the competitive IT market.

Businesses are using more technologies like HR software solutions to streamline operations, but it is equally important to have staff members to support these databases. Information technology (IT) workers can help increase network security and improve how files are shared within the workplace.

Because 20 percent of IT leaders told the Society for Information Management (SIM) that there is an ongoing skills gap, they are constantly looking for qualified candidates to fill vacant positions. In cases that they can, they are getting the green light from executives to invest in training and other aspects of the department.

"It's a good time to be a geek: Salaries are increasing, money going to training is increasing — which is typically a sign of employers trying to keep their IT people — and we see turnover increasing, which is typically a sign of a healthy IT job market," Leon Kappelman, a professor at the College of Business at the University of North Texas, told InformationWeek.

In 2014, the demand for IT is expected to increase, which means graduating seniors will have options like "$65,000 [salaries for an entry-level job], with a $4,000 to $5,000 signing bonus, and getting two to three job offers," Kappelman added that recruiters who are serious about competing in the increasingly digital economy may need to make room for these candidates.

HR software solutions can help hiring managers get ahead of the game because the program can sift through applications under specific filters. This way, human resources are only looking for applicants who can fill a void that directly correlates to the business.