Boosting spending on technology remained ahead of pay increases for the second consecutive year in Gartner's annual survey of CFOs and finance leaders.
And while pay increases did maintain second place in terms of planned budget boosts for 2025, the volume of those increases is forecast to tumble.
Sixty-one percent of 300 leaders surveyed in October 2024 indicated they planned to boost pay by at least 4% in 2025, down from the 71% who planned on the same in 2024 and down from 86% in 2023.
Seventy-seven percent said their company planned to increase their budget for technology by at least 4%, followed by the same size of increase to average compensation per staff member (61%), cost of goods sold (60%) and staff headcount (55%). Read more.