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Posted by Manish Bahl on November 25, 2013
With a weakening economy, skyrocketing food prices, and an attrition rate of around 14%, Indian CIOs’ biggest worry is increasing the salaries of their IT staff. Data from Forrester’s Forrsights Budgets And Priorities Survey, Q4 2013, indicates that 71% of Indian CIOs will increase their spending on IT staff salaries and benefits in 2014 — tops in the Asia Pacific region (figure below).
In return for the increase in staff salaries, Indian CIOs will face two challenges:
Indian CIOs need to lead a fundamental shift in their teams in order to be well-prepared for the future. In particular, they should:
2014 will be a boom or doom year for Indian CIOs. The price to pay for increased staff salaries is to clearly demonstrate how they help drive their organization’s BT agenda. Indian CIOs who are slow to adopt this agenda will find their CEOs giving the BT mission to other business leaders in the organization. CIOs stuck with a traditional IT agenda will find themselves left behind.
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