Extra pay awarded by employers to talented tech professionals for 630 noncertified tech skills ---also known as cash pay premiums---decreased slightly in the third calendar quarter of 2021, contributing to a 2.1 percent overall decline in the last twelve months. The current average for a single skills is the equivalent of 9.4 percent of base salary.
Conversely, average market values for 555 tech certifications increased for the first time since 2nd Quarter 2018, up 0.4 percent, for the equivalent of 6.6 percent of base salary on average for a single certification. Still, certifications have lost nearly 9 percent of market value on average over the past two years.
This according to the latest quarterly update of Foote Partners’ IT Skills and Certifications Pay IndexTM (ITSCPI) based on compensation data provided by 3,866 private and public-sector employers in 83 U.S. and Canadian cities who partner with the firm to report pay for their 350,849 technology professionals in the U.S. and Canada.
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