At the same time, the value of offshore contracts during the second quarter of this year dropped by 18 percent, according to sourcing advisory firm TPI. While the number of offshore contracts is relatively stable, companies are awarding fewer big contracts to outside firms. If an organization hasn't already offshored your position, odds are good it won't.
Question: Will I be taking any more of that money home in my paycheck?
Answer: Probably so.
There's good news for IT pros who've seen their pay stagnate during the recession. According to that SIM survey, two-thirds of companies intend to bump salaries up in 2012, while 27 percent plan to hold the line. Just 6 percent say they'll slash earnings for IT workers.
Question: Will I get the chance to succeed my boss?
Answer: Maybe not.
While it's certainly possible IT managers will ascend to the CIO's chair, they may have to leave their current organization to get there. The SIM survey indicates more firms are looking outside the company to hire their next tech chief. Last year, 42 percent of CIOs were hired from within the organization, the vast majority of them from inside IT. In 2011, that number dropped to 35 percent.
Better news: If you make it to the C-suite, you're likely to have more clout. More CIOs are reporting directly to the CEO than ever before -- some 49 percent of all those surveyed in 2011, up from 44 percent the year before. During the recession, more CIOs reported directly to CFOs, says Luftman, as organizations tried to keep a lid on costs.
A direct connection to the chief executive is a sign of organizational maturity, he adds. Business and IT are more likely to be aligned, giving the CIO more influence over the ultimate success of the enterprise.
This article, "The IT job outlook: 5 questions answered," was originally published at InfoWorld.com. Get the first word on what the important tech news really means with the InfoWorld Tech Watch blog. For the latest business technology news, follow InfoWorld.com on Twitter.