13 IT spending benchmarks every company needs now

IT’s always one of the first on the chopping block in tight times. But which specific tech expenses are your peers taking the hatchet to?
New spending benchmarks from the folks at CIO.com gives you an idea of your peers’ plans.
And while no cuts are ever going to be popular, if your company can orient them in terms of what other companies are doing, it may soften the blow.
Who knows? You may even be able to buck some trends, which would be info worth passing along to make some of the other cost-containment measures go down a little more smoothly.
13 benchmarks
Check out what percentage of other companies are planning to cut these specific parts of their IT budgets now, starting with the ones with the biggest bull’s-eyes on them.
| IT budget item | % of companies reducing spending |
| IT travel | 61% |
| Hiring freezes | 59% |
| Capital spending | 49% |
| Outsourced IT | 48% |
| Hardware | 47% |
| IT training | 46% |
| Applications | 41% |
| IT compensation | 35% |
| Network Infrastructure | 35% |
| Current headcount | 34% |
| • Full-time in-house staff | 31% |
| • Contractors and temporary workers | 48% |
| Web/Mobile | 32% |
Free Training & Resources
White Papers
Provided by UJET
Further Reading
With TY 2023 forms out the door, you may be thinking about next year-end and what changes you can expect on Form W-2. IRS posted the fin...
The Financial Accounting Standards Board (FASB) is calling on publicly traded companies to report employee compensation. And that’s n...
A limited-time use of educational assistance programs is scheduled to expire soon. IRS recently provided details about this fringe benefit....
The cost of being a federal contractor is going up for 2024 due to a minimum wage increase. There’s legal pushback in some parts of t...
Ever since the Secure 2.0 Act laid out changes for workplace retirement plans, employers have been waiting for final regs from the IRS. ...
It’s easy to take your company’s payroll technology for granted, that is, until something goes wrong. As your business grows and the ex...