IT Bonus Pay Still Growing, Report Says

 
 
By Lisa Vaas  |  Posted 2001-11-19 Email Print this article Print
 
 
 
 
 
 
 

Despite the sour economy, bonuses tied to certain IT certifications and skills are still on the rise, according to a new report from Foote Partners LLC, an IT salary research company in New Canaan, Conn.

Despite the sour economy, bonuses tied to certain IT certifications and skills are still on the rise, according to a new report from Foote Partners LLC, an IT salary research company in New Canaan, Conn.

Bonuses linked to certifications in security, databases, application development and programming languages, and Webmaster and internetworking skills have increased in value 3 percent to 9 percent on average in the past three months, according to the report, "Hot Technical Skills and Certifications Pay Index." The report, which tracks 53 certifications, found that average bonus pay overall has risen 8 percent since the end of last year, to 8.6 percent of base salary, including a rise of nearly 3 percent in the third quarter.

The certification that pulls in the most bonus money continues to be the Project Management Professional designation from Project Management Institute Inc., in Newtown Square, Pa.

Theres also good news for those IT professionals who have e-business- specific skills. Following last years steep declines in premium pay for database, Web and e-commerce skills, the third quarter found a 5 percent bonus pay increase over the previous quarter for this group of skills. Bonus pay for skills in application development tools and languages grew the most in the past quarter, up 9 percent. This increase was dominated by rapid application development skills, the highest paying of all skills premiums covered by the survey, fetching a tidy 20 percent premium over base pay.

The report forecasts accelerated demand for security skills and correspondingly higher bonus pay for security certifications. The report also foresees growth in new security niches such as forensics and intrusion detection, which will in turn result in a more diverse set of skills for security professionals to pursue.

 
 
 
 
Lisa Vaas is News Editor/Operations for eWEEK.com and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on eWEEK.com, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.
 
 
 
 
 
 
 

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