Vero Beach, FL – February 3, 2018 - Extra pay awarded by employers to talented IT professionals for 968 certified and noncertified IT and business skills---also known as skills pay premiums---remained virtually unchanged in the final quarter of 2017 as 94 certified and noncertified tech related skills made gains in cash market value while 126 lost value. Volatility in pay for skills measured 23%, matching the average for the past 12 months (for more detail see page 35).
This according to the latest quarterly update of Foote Partners’ IT Skills and Certifications Pay IndexTM (ITSCPI) based on compensation data provided by 3,105 North American private and public-sector employers who partner with the firm to report pay for their 274,660 IT professionals in the U.S. and Canada.
Drilling down further, overall market values for 522 noncertified IT skills—currently averaging the equivalent of 9.3% of base salary for a single noncertified skill---declined 0.3% in the fourth quarter of 2017, only the second quarterly loss since 2014. These tech skills have shown a basically steady, sustained performance stretching back to early 2010, driven most recently by gains in Database, Applications Development Tools & Platform, Enterprise Business Applications, Operating Systems, and Systems/Networking skills.
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NOTE: This news release is a summary extract of content in the Q1 2018 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 3,105 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 IndexTM.