Vero Beach, FL – June 15, 2019 - Extra pay awarded by employers to talented tech professionals for 554 non-certified tech skills ---also known as skills pay premiums---remained unchanged in the first quarter of 2019 despite 152 skills changing market value during this period. Currently averaging the equivalent of 9.4 percent of base salary on average for a single non-certified skill, this pay is now near its 19-year high. Conversely, average market values for 479 tech certifications decreased, down 1.2 percent overall, currently earning the equivalent of 7.4 percent of base salary on average for a single certification. That’s close to the lowest average pay premium in 5 years.
This according to the latest quarterly update of Foote Partners’ IT Skills and Certifications Pay IndexTM (ITSCPI) based on compensation data provided by 3,318 private and public-sector employers in 83 U.S. and Canadian cities who partner with the firm to report pay for their 300,618 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 1,033 certifications and non-certified skills.
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