Vero Beach, FL – February 12, 2017 - Extra pay awarded by employers to talented IT professionals for 893 certified and noncertified IT and business skills---also known as skills pay premiums---rose in every calendar quarter of 2016, with 417 certified skills gaining 2.6% in market value overall for the year and 476 noncertified skills growing 1.2%. Meanwhile, volatility in pay for skills remained high: an average of nearly 1 in 4 of the 893 certified and noncertified skills tracked changed in market value every three months in 2016. In just the last three months of the year 100 skills and certifications made gains in cash market value while 92 lost value, or 22% of all certified and noncertified skills surveyed and reported.
This according to the latest quarterly update of Foote Partners’ IT Skills and Certifications Pay Index™ (aka ITSCPI) based on data provided by 3,018 North American private and public sector employers who partner with our firm to report IT compensation for their 258,825 IT professionals.
Drilling down further, overall market values for 476 noncertified IT skills—currently averaging the equivalent of 9.2% of base salary for a single certification---increased a slight 0.15% in the final quarter of 2016, the eighth consecutive quarter of growth and the 40th quarterly gain in the past 49 quarters. Collectively they have shown a steady, sustained performance stretching back to mid-2004, driven most recently by gains in Database, Messaging and Communications, Systems and Networking, Applications Development, and Operating systems skills.
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NOTE: This news release is a summary extract of content in the Q1 2017 update edition of Foote Partners’ IT Skills Demand and Pay Trends Report, a market intelligence trend report updated every 3 months from data contributed by 3,018 U.S. and Canadian employers and contains tech jobs and skills compensation and supply/demand benchmark research published in the firm’s IT Professional Salary Survey and IT Skills and Certifications Pay Index™.