Tuesday, May 11, 2021

IT Skills, Pay Premiums Drop in Value: Foote Report

eWeek: A new report from researchers at Foote Partners finds that the average pay for both non-certified and certified IT skills tracked by the company dropped between April and June. The 265 non-certified skills examined dropped an average of just 0.2 percent. However, certified skills dropped 2 percent, the 18th time in the last 19 quarters that IT certifications have become less valuable.

“The difference this quarter over last is that several economic indicators are now telling us that the economic recovery has deteriorated. Prices are rising for many goods and services, consumer confidence is low, and the unemployment rate is not improving. There are fears of a double dip recession, a plummeting stock market, and riots in the streets of Europe,” said Foote Partners co-founder and CEO David Foote. “This will of course influence staffing and workforce decisions going forward, but the question is how much? The drivers for skills and talent acquisition in evidence today are more unique and compelling than prior downturns, and they won’t easily crumble under pressure.”

Similar articles

Latest Articles

Top 10 Professional Services...

Professional services automation (PSA) software aims to offer service-based companies most of the software they will need to run their businesses in one package....

What is Data Aggregation?

Data aggregation is the process where raw data is gathered and presented in a summarized format for statistical analysis. The data may be gathered...

Dell APEX: Our...

One of the missteps IBM made last century was collapsing their sales model, which was services based, to generate a short-term revenue spike. Up...

Companies that Scaled Technology...

NEW YORK — Companies that “doubled down” on their investment in mostly data-heavy technology during the COVID-19 pandemic have seen their revenue grow five...