The IT Leaders Budgeting Guide for 2021
As we approach the end of the year, company leaders are drafting budgets for 2021. For most IT companies, headcount represents 80% of the budget. Forward-thinking leaders are increasingly opting for more contractors. They provide greater flexibility during uncertain times and already possess mature workstyles that fit our current remote and work-from-home culture.
Generally, business leaders are prioritizing velocity of teams (i.e., results over activity), on-demand scalability, and access to the global talent pool without additional costs. Considering the cost-effectiveness of remote contractors – driven by lower tax burdens, no benefits cost, no office infrastructure or equipment expenses – contractors have become the ideal option for companies that cannot compromise delivery even during uncertain times.
With that said, the complexities of budgeting for 2021 should not be oversimplified. Our senior IT experts have compiled a list of important steps for every IT leader to consider. We invite you to check it out:
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