Vero Beach, FL – October 31, 2020 - Extra pay awarded by employers to talented tech professionals for 594 non-certified tech skills ---also known as cash pay premiums---remained unchanged on average in the third calendar quarter of 2020. Currently averaging the equivalent of 9.6 percent of base salary on average for a single non-certified skill, this is the highest average premium in 20 years. Conversely, average market values for 516 tech certifications decreased from July to September, down 1.5 percent overall, currently earning the equivalent of 6.8 percent of base salary on average for a single certification. That’s the lowest average pay premium for IT certifications in 7 years and the widest gap between certified and noncertified tech skills pay since mid-2000s.
This according to the latest quarterly update of Foote Partners’ IT Skills and Certifications Pay IndexTM (ITSCPI) based on compensation data provided by 3,640 private and public-sector employers in 83 U.S. and Canadian cities who partner with the firm to report pay for their 330,340 technology professionals in the U.S. and Canada.
Since its launch in 1999, the IT Skills and Certifications Pay IndexTM has continuously tracked cash pay premiums paid to tech professionals by their employers for an ever-increasing number of popular tech skills and certifications. Rigorously validated data and detailed market analyses are updated and published by Foote Partners every 90 days. Currently, premiums are reported for 1,110 certifications and non-certified skills.
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