IT Salaries and the Value of Certification
Things seem to be taking a turn for the better in information technology these days. Following the scores of cuts in IT positions and budgets brought about by the recession at the beginning of the decade, many companies are starting to boost IT spending: invest in new solutions, add more staff and put a little more into their veteran employees’ pockets on payday.
The most recent Hot Technical Skills and Certifications Pay Index study, conducted on a quarterly basis by Foote Partners LLC, showed a turnaround in compensation for both certified and non-certified IT professionals after a three-year descent. What’s more, the report demonstrated how certification positively impacts IT professionals’ bottom line.
The research, which involved approximately 46,000 North American and European IT professionals in more than 150 industry niches, showed that average pay for non-certified IT skills grew 1 percent in 2004, but registered a net loss of 18 percent over the past three years. Average overall earnings for certified skills, though, posted an increase of almost 4 percent in 2004, and had a net loss of only 4 percent in the past three years.