Slideshow 10 IT staff skill trends that are boosting salaries

  • July 05 2016, 4:00am EDT
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10 IT staff skill trends that could cost providers dearly

Big data expertise, IT certifications for which healthcare organizations will pay a premium.

Big data skills and pay trends that will affect providers’ costs

IT staffing is a vexing problem for healthcare organizations, which often are in competition for talent with certain skill sets and certifications. Big data skills continue to be among the most expensive for healthcare organizations, according to a newly released report by Foote Partners, entitled “IT Skills and Certifications Pay Index.” Here are 10 skill and certification trends that will have the most impact on providers.

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Overall, costs for certified IT skills are on the rise

Cash premiums for certified IT skills rose by an average of 3.5 percent in the last 12 months and by 6.8 percent since April 2014. Figuring prominently in this growth has been hot IT security, systems administration and engineering, and a variety of big data and cloud certifications.

Organizations paying up for big data capabilities

Organizations surveyed by Foote Partners are willing to make long-term investments for big data skills. “Our latest research findings show cash premiums for 79 noncertified and certified big data skills and certifications increased a robust 8 percent in overall market value in the past 12 months. Noncertified skills were the big winners, with 47 big data related skills rising 6.7 percent in market value during this period, while 32 big data certifications remaining depressed for the same period, down 3.5 percent in market value.”

The market for big data skills will continue to be hot

“We expect Big Data skills market values to recover even more over the next 12 to 24 months,” remarks David Foote, president and chief research officer at Foote Partners. “Advanced analytics capabilities are just too critical for staying competitive. They’ve expanded in popularity from a few industries to nearly every industry and market. And there is the Internet of Things, the next critical focus for data and analytics services.”

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More sophisticated big data products will drive hiring

“The increasing amount of data available to organizations requires the expansion of infrastructure used to house, process, analyze and visualize intelligence. Rich media analytics will be the driver behind many big data projects,” says the report. “The increased demand for greater sophistication in analysis and data consumption requires that organizations refine talent acquisition strategies to compete in the skills gap. For example, there will be an ever-increasing demand for analysts capable of transforming IoT data into actionable business intelligence.”

On the horizon: Potential saturation of the big data marketplace?

As for the decline in big data certification market values, compared with the gains in noncertified big data related skills, Foote says there may be two explanations. “The marketplace may be starting to get saturated with vendor big data solutions, and as more certifications are earned, supply catches up with the demand for those certifications. Another possibility is that, as with hot skills in general, employers may have their own internal accreditation mechanism in place when hiring and deploying talent.”

Security certifications still trending up

Other certified IT skills are trending higher as well. Market values for 76 information security certifications have been on a slow and steady upward path for two years. They are up 8.7 percent in overall market value during this period and up 6.3 percent in the past 12 months.

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Organizations pay robust premiums for database skills

Cash pay premiums for database skills rose an average of 7.8 percent over the past 12 months, and that growth continued at the rate of 1.2 percent for the first quarter of 2016, according to the Foote Partners report.

Oracle Certified Associate DBA is the top certified database skill

The Oracle Certified Associate DBA was the top database certifications skill in the first quarter of 2016, gaining 10 percent or more in market value, the report found.

Most highly prized non-certified database product skills

The top database non-certified skill in the first quarter of 2016, gaining 10 percent or more in market value, included Amazon RedShift, Apache CouchDB, Data security, ETL (Extract, transform, load), Master data management, Oracle Application Server, Oracle Forms, Oracle Reports and Postgre SQL.

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Most volatility in pay for IT skills

Because of fluctuations in supply and demand for IT skills, certain pay rates can vary widely. For example, among the 395 certified IT skills surveyed, high volatility continues to occur in the architecture/project management/process areas; and in IT security certifications. Among the 440 noncertified IT skills surveyed, high volatility continues to occur in the operating systems; management/methodology/process; database; SAP and enterprise business applications; messaging and communications; and applications development tools and platforms/Web and e-commerce development/database (TIE) areas.