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Janco Associates has just released its January 2009 IT Salary Survey and the prospects look grim for IT professionals.

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It’s going to be a pivotal year in the global IT and BPO services business as companies seek to get more for less with their budgets. How will this impact the world of global services delivery and outsourcing?

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With the world in the grip of an economic downturn, making the most of IT spending has never been more important for business. The Corporate IT Forum recently found that its most senior members are planning to invest in IT but managing costs, careful budgeting and trimming discretionary spending are key priorities.

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This year has seen India, China, Russia and Brazil continue to dominate the offshore location agenda, but it has also marked the rise of new outsourcing destinations, such as Egypt, as credible alternatives.

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IT outsourcing providers are likely to grow their business in the economic slowdown, researchers have claimed.

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Most of us would think that the ongoing financial crisis and resulting worldwide economic recession has resulted in a significant impact on the health of the Indian BPO industry.

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All things considered, 2008 was a relatively stable year for the IT services industry. Deals got smaller and shorter, but they grew in number.

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Businesses are likely to demand more from their IT service suppliers in 2009 as the economic downturn means quick returns on investment and efficiency become priorities.

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Plenty of companies have reasonable qualms about their offshore outsourcing initiatives, but make no mistake: offshoring is alive and well.

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oDesk’s oConomy shows popular countries for outsourcing work include: U.S., India, Philippines, Pakistan, Canada, Ukraine, and Russia.

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