Computer Economics Analyzes Post Attack Tactics for IT Personnel Management and Cost Control.Business Editors & High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers CARLSBAD Carlsbad, cities, United States Carlsbad (kärlz`băd). 1 City (1990 pop. 63,126), San Diego co., S Calif., on the Pacific coast; settled in the 1880s, inc. 1952. , Calif.--(BUSINESS WIRE)--Nov. 8, 2001 As IT managers work to cope with post-terrorist attack uncertainty, many are being forced to more tightly control spending and have moved to short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. management tactics. "Many IT managers in our focus groups are declaring that long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. strategies are on hold for the next two quarters and decision making has moved down to the tactical level," said Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Erbschloe, vice president of research for Computer Economics. "IT managers are looking at spending in all areas and working to control costs," said Erbschloe. The biggest expenditure in an IT budget is for personnel, which in 2001 comprises 37.2 percent of a typical IT budget compared to 30 percent for the prior three-year period and 31.2 percent for the prior decade, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 11th annual Computer Economics Information Systems and E-Business Spending study. "Personnel management tactics in most IT departments are now focused on employee retention," said Erbschloe. "We saw a similar focus entering into the recession of the early 1990s." Retention efforts in 2001 include curtailing spending in other areas to assure that there are resources for compensation increases and bonuses. "Several IT managers in our focus groups are being more aggressive in their personnel management tactics," said Erbschloe. "Poor performers are being weeded out in some companies to assure that there are funds to pay the staff that perform well and that the company wants to retain." Many of the layoffs are being attributed to problems resulting from the September 11 terrorist attacks. "During downturns we also see less frantic job hopping among IT professionals," said Erbschloe. "People will stay in a situation in which they feel secure, at least through slow downs in the economy, and then when the upturn arrives the turnover rate in IT shops soars for five or six months." This means that retention efforts must extend beyond the downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. because of a surge in hiring that accompanies an upturn in the economy. About Computer Economics Computer Economics is an independent research firm specializing in helping business decision makers plan, manage, and control technology costs through advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , analyst support, and innovative advisory Web sites. Based in Carlsbad, Calif., Computer Economics serves information technology users around the world. Note to Editors A bio and digital photos of Erbschloe are available at: http://www.computereconomics.com/photo/p1101.html (c)2001 Computer Economics Inc. |
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