45%
of Retail IT Budgets Will Increase in 2002
Nearly
forty-five percent (44.6%) of retail IT budgets will increase
in 2002 with the bulk of that spend going toward maintenance
and production
Unemployment
rate increased significantly
for engineers and computer scientists
The
unemployment rate for all engineers increased from 3.6 percent
in the first quarter of 2002 to 4.0 percent in the second
quarter, data from the U.S. Department of Labor
IBM
to acquire Pricewaterhouse consulting
business for dlrs 3.5 billion
Technology
giant IBM Corp. said that it would purchase the consulting
and technology services arm of PricewaterhouseCoopers for
dlrs 3.5 billion in cash and stock.
Foreign
consulting firms eye Chinese market
In
the midst of prolonged economic downturn worldwide, many
foreign business consultancy firms are eyeing the Chinese
market
HandsOn
ventures acquires consulting group
HandsOn
Ventures, a Santa Monica, California-based venture capital
company, announced that it has acquired Savant Consulting
Group, a leading information technology (IT) services firm.
The
turnover rate for information technology workers dipped
slightly last year, but some say that technical workers
are starting to grumble
The
group found that although 58 percent of companies reported
their IT turnover in 2001 as being between 11 percent and
20 percent, this year 54 percent of companies say turnover
is between 5 percent and 10 percent.
Spherion
hires SVP for outsourcing
The company said Diane Shelgren will create a long-term
outsourcing strategy for Spherion, including business alliances
and acquisitions
P&G
to outsource 80% of back-office jobs
Procter
& Gamble Co. is working on a deal to outsource about
80 percent of its back-office functions, a move that would
affect about 5,700 of the company's employees
Hewitt
announces the launch of "IT Industry Human Resource
Assessment 2002 - 2003 Study
"Our
study helps to ensure that the IT industry is in sync with
the market at all times amid threats of an economic slowdown,
especially as the industry relies heavily on abundant, high
quality talent and is faced with a crucial challenge of
managing employee costs and engagement levels," said
Nishchae Suri, who leads Hewitt's South and
West
Asia Measurement practice.
