May 20, 2022
Extra pay awarded by employers to talented tech professionals for 659 non-certified tech skills ---also known as cash pay premiums---showed robust growth in the first quarter of 2021, contributing to a 1.6 percent average increase. The current average pay premium bonus for a single skills is the equivalent of 9.5 percent of base salary.
Conversely, average market values for 579 tech certifications decreased in Q1 after two consecutive quarters of growth, down 1.2 percent, to the equivalent of 6.6 percent of base salary cash bonus premium on average for a single certification. This is the largest quarterly loss since late 2020.
This according to the latest quarterly update of Foote Partners’ IT Skills and Certifications Pay IndexTM (ITSCPI) based on compensation data provided by 3,988 private and public-sector employers in 83 U.S. and Canadian cities who partner with the firm to report pay for their 365,746 technology professionals in the U.S. and Canada.
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