Compensation in the tech industry soared to new heights during the pandemic, with Big Tech seeing record-breaking stock prices and a surge of demand. It didn't last. The market is trending downward — and pay along with it — but there are still certain skills that can pull in more compensation than others.
Foote Partners analyzed changes in average compensation for 2022, up to July 1, by looking at tech employees with certain certified and noncertified skills. The data showed that more than half of the highlighted skills were paid less over the past three months, with most of the same skills seeing pay decline over the last year.
Many of the skills valued less in recent months are considered"certified" skills, or those that can be learned in school or through other educational programs. Half of the skills analyzed in the data are"noncertified," meaning skills learned through job experience. Decades of Foote Partners data shows that noncertified skills are more valued and result in higher pay.
Source: News Formal (newsformal.com)
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