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Pay for IT skills and certifications continues its nearly yearlong slide

Vero Beach, FL - Pay awarded to workers for 524 IT skills and certifications they use on the job continued its downward slide between October and January according to the latest update of Foote Partners’ IT Skills and Certifications Pay IndexTM (ITSCPI was here). The ITSCPI, which has surveyed and reported quarterly market values for individual IT skills since 1999, displayed a third straight quarter of losses for both certified and noncertified IT skills categories, a trend that began in April 2011. 

“This market behavior is actually a familiar post-recession pattern for IT skills compensation,” remarks David Foote, Foote Partners co-founder, CEO and Chief Research Officer, “Except this time we’re seeing some big differences.

“I would characterize 2012 as employers struggling with unique labor issues and a variety of solutions that were certainly uncommon if not unheard of after our last recession in 2001. Let’s face it: the future is more uncertain today, even in the short term, and risk management has taken on some new dimensions. Agility is highly prized, the work is more complex and highly specialized, and technology is embedded in every facet of business. 

 “I would argue that successful talent acquisition—and by that I mean the search for large numbers of remarkably hard-to-find combinations of skills in a single person---is separating the winners from the losers like at no other time in history. ‘People are our most important resource’ is no longer just a platitude; or if it is, you’re toast. The old models for managing labor resources are unsustainable given the new business models. I have to be honest and say that the transformation to new labor models has a long way to go.

In this news release is a summary analysis of the current IT labor market, new organizational and business staffing models, and intelligence on hot IT skills and jobs for 2012.

Download the full press release with summary graphics, please go to:
http://ow.ly/8NoNm