Vero Beach, FL – June 10, 2017 - Extra pay awarded by employers to talented IT professionals for 916 certified and noncertified IT and business skills---also known as skills pay premiums---remained virtually unchanged in the first quarter of 2017, falling a slight 0.1% overall. In just the first three months of the year 99 certified and noncertified tech related skills made gains in cash market value while 119 lost value, for a high volatility index mark of 24.8% (for more detail see page 40).
This according to the latest quarterly update of Foote Partners’ IT Skills and Certifications Pay IndexTM (ITSCPI) based on compensation data provided by 3,038 North American private and public-sector employers who partner with the firm to report pay for their 262,540 IT professionals in the U.S. and Canada.
Drilling down further, overall market values for 494 noncertified IT skills—currently averaging the equivalent of 9.3% of base salary for a single certification---increased 0.5% in the first quarter of 2017, the 41st quarterly gain in the past 50 quarters. They have shown a steady, sustained performance stretching back to mid-2004, driven most recently by gains in Database, Operating Systems, Enterprise Business Applications, and Applications Development Tools & Platform skills.
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NOTE: This news release is a summary extract of content in the Q2 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 3,038 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 TM.