That
resolution to update your tech toolbox may seem like a distant memory, but now
more than ever you need to work to increase your professional value.
One
way to increase your brand to employers is to learn new skills, but choosing
the ones that offer the most bang for the buck is challenging. To help you
better understand the market, CIO.com spoke with David Foote, CEO at Foote
Partners and other industry professionals to identify what IT skills are
experiencing the most growth and what those skills are worth.
This
data is based on statistical analysis that looks at the demand for more than
289 skills both certified and noncertified and what is being paid for those
skills over and above base salary.
1. Requirements engineering and analysis
skills
These are the skills
required to determine the needs of IT to create and maintain software,
products, and services while taking into account many factors and stakeholder
requirements. This is crucial to software development and many other evolutions
that go on within IT.
In the last 12 months,
this skill has seen an increase in growth/demand of 28 percent. While
engineering and analysis skill has been in demand for years, according to
Foote, the cloud is driving much of this growth.
"Everyone who
invests in systems has to do requirements analysis, and what's happened is the
cloud," says Foote. He adds that there is a chance that analytics,
security, or mobile could also be a part of this upward trend.
Salary range: $65,000-$104,000
2. SAP Supply Chain Management skills
This skill surrounds a
software module from the German company SAP. So many companies are using it
that it needed to be included in this list, according to Foote. This software
focuses on logistics to allow companies to be more agile and work more
effectively with their partners. "Yes it's vendor [specific]," says
Foote, "but it's the largest vendor of business software in the world. We
track 90 different SAP modules in our skills pay."
Employers are paying a
skills premium of 10-14 percent of base pay for this role, which has grown 20
percent in the last six months.
Average salary: $88,000
3. HBase skills
HBase is an open
source non-relational database originally created by Google. It's written in
Java and has been a top-level project within Apache's Software Foundation. It's
being used more as companies start to incorporate big data into their
decision-making processes. HBase is used for real-time read/write access to
large datasets.
"This is the push
for all different types of technology companies to harness the power of big
data and what it can do for them and their customers beyond the reporting and
analysis," says Ed Nathanson, senior director of global talent acquisition
with Rapid7.
Skills in HBase are
paying a skills premium on average of 13 percent, and value/demand for this
role has grown 18.2 percent in the last 6 months.
Average Salary: $111,000
4. Quantitative analysis and regression
analysis skills
People who use this
skill in their daily workflow take company objectives and develop analytic
models, assessments, and solutions. They work across all areas of the business,
from Web developers to accounting to database teams. These individuals normally
have an advanced degree. The adoption of big data and the evolution of the data
scientist are driving demand for this skill upward.
"Companies have
been hiring PhDs to do quantitative analysis and regression analysis for years,
but now it's become the province of data scientists, where a lot of the work
being done in analytics starts with quantitative analysis skills," says
Foote.
Regression analysis
has seen more than 18 percent growth in market value.
Salary range: $74,000-$117,000
5. IT governance skills
IT governance skills
help companies and organizations ensure that IT is both effectively and
efficiently enabling their business objectives while remaining compliant with
industry regulations. Companies large and small will have different compliance
and governance needs, but in general, the bigger and more regulated your
company or industry is, the more IT governance structuring there should be.
"There is a trend
across all industry, verticals, and businesses to be compliant whether they are
large enterprise or small business," says Nathanson.
Value/demand for this
skill is up 15.5 percent over the last 12 months, according to Foote Partners
research, and it's paying an average skills premium of 15 percent of base pay.
Salary range: $97,000-$122,000
6. C# skills
C, C#, C++, and Java
are some of the foundation languages driving technology these days, but what is
interesting, according to Foote, is how demand for this skill has risen.
"C# has been
around for a long time. It's remarkable to see this type of growth. There are a
lot of people who have C# skills, so it's not supply," says Foote.
Microsoft Windows and .Net are driving demand in this skill. "If a company
has built its foundation with Microsoft technologies then, of course, these
skills will be in demand," says Nathanson.
C# skills earn a
skills premium of roughly 6-10 percent of base salary, but value/demand has
risen 14.3 percent in the last six months, according to Foote Partners
research.
Salary range: $61,000-$251,000
7. ITIL skills
ITIL best practices
are part of a library of books that outline the management of IT development,
infrastructure, and operations. ITIL's systematic approach to IT management
helps companies improve IT services, reduce spending, and deliver a better
level of customer service to their clients. ITIL skills and certifications
regularly make the list of most in-demand by employers, and this trend is
expected to continue according to experts.
The demand for ITIL v3
skills has been rising sharply over the last year. It has grown in value/demand
9 percent in the last six months, 20 percent in the last year, and 33 percent
in the last 15 months. IT pros with these skills earn a skills premium of 10-14
percent over base salary.
Average salary: $61,000
8. Enterprise architecture skills
Companies are applying
the lessons learned from years of business architecture and are now trying to
incorporate those lessons into the parts of the job that deal with technology
and data. According to Foote, architecture roles are about the long term and
are hard to justify ROI. As a result when the economic downturn happened in
2009 and 2010, many companies shed their network and other IT architects.
"A lot of
companies took down and disassembled their enterprise architecture groups.
That's all changed now. You can't do advanced analytics without a lot of data
cleansing, data quality analysis, data management, and data architecture, says
Foote.
Enterprise
Architecture has grown 31 percent in value/demand over the last 12 months.
Salary range: $91,000-$134,000
9. Infrastructure architecture skills
IT has gone from the
Maytag guys who maintain the servers and email to the driver of big business.
Combine that with the fact that technology changes at lightning speed, and it's
clear why you need infrastructure architecture skills in your organization.
They often work to align long-term business strategies and technology.
"Companies really
need someone to come in and architect what things will look like and be the
person who makes sure all those systems play nice together and have the right
foundation in place," says Nathanson.
IT Pros with
infrastructure architecture skills are earning a skills premium between 12-17
percent of base pay, and value/demand for this skill has risen 7.1 percent in
the last 12 months.
Salary range: $109,000-$141,000
10. Security architecture skills
Security is at the
forefront of every CIO's mind. The relentless waves of news stories detailing
major corporations that have been hacked grow larger each week. To battle the
onslaught of cyber-terrorists and script kiddies, you need a solid security
architecture. That doesn’t happen by accident.
"Companies are
fearful. It's not getting better. Companies are seeing that they are closer
than ever before to dangerous breaches. Security needs to be properly
architected because it cost a lot of money," says Foote.
IT security
professionals with these skills earn a premium of between 14-18 percent of base
salary, according to Foote Partners. These skills have also seen a considerable
23.1 percent increase in value/demand over the last twelve months.
Average salary: $115,000
11. Business intelligence skills
Big data is big
business, and companies are looking more closely at how to interpret the many
disparate sources of data they have. That's where BI skills come in.
"This is still an
immature area for a lot of companies. Businesses are starting to understand
that they have a lot of data internally that can help them with market trends,
where and how they can make forecasts with their sales and marketing, as well
as help the executive team make decisions," says Rob Byron principal
consultant withWinterWyman, an IT recruitment firm in the Northeast.
On average, BI skills
pay a premium of 12 percent of base salary and have seen 9.1 percent growth in
value/demand over the last six months.
Salary range: $62,000-$164,000
12. Business analysis skills
Business analysts can
be found in many places in an organization. They work to find, document, and
assess the risk and impact of changing needs business needs, and then they work
with IT to get requirements and deliverables to support the business throughout
implementation phases.
On average, IT workers
with these skills earn a skills premium of 12 percent of base pay. Value/demand
for these skills is up 9.1 percent in the last 12 months.
Salary range: $61,000-$105,000
13. Unified communications and messaging
skills
The world of IT and
business is complex and continually morphing. IT touches every part of the
business, which often has global implications. Remote workforces, BYOD, and
other factors create challenges when it comes to creating an environment where
workers can be productive, collaborate, and innovate in a seamless manner, and
that’s where unified communication skills come in.
The technology
involves collaboration tools, telephony, messaging, social media, and more. The
current interest is no surprise to Foote who says, "There's currently a
lot of activity in unified communications and it's always been very
popular."
Unified messaging
skills are averaging a skills premium of about 12 percent of base pay and have
seen a rise of 9.1 percent in value/demand in the last six months.
Salary range: $45,000-$113,000
14. Risk assessment and analysis skills
According to Foote,
companies are trying to incorporate risk assessment and analysis into their
workforce and the IT decision-making process, spurring demand within the tech
industry. "Every company is doing risk assessment and analysis; it's
nothing new. Companies are trying to build risk assessment and analysis into
several jobs within their company. They've set it up as a core skill like in
the old days of project management," says Foote.
Risk assessment and
analysis skills are helping IT pros earn a skills premium of roughly 13 percent
of base pay, and value/demand has grown 18.2 percent in the last 12 months.
Salary range: $91,000-$104,000
15. Runner-ups: Mobile application development
skills
While this didn't make
the list, Foote notes that there is a lot of interest in this area. Mobile
development skills continue to be in short supply, and as more companies start
to focus on mobility, the demand for mobile developers has continued to
increase. According to Foote, that isn't going to change anytime soon.
"There are a lot
of skills associated with mobile apps development. Most are also associated
with other areas of development. Isolating them to just mobile is virtually
impossible," says Foote. That said, here are some of the common skills
associated with mobile application development: Java, jQuery, JavaScript and
other scripting languages, C/C++/C#, .Net, HTML5, CSS, Eclipse, and Mobile OS
(iOS, Android), to name a few.
Salary range: $76,000-$139,000
16. Runner-ups: Cloud computing skills
PaaS, SaaS, and
virtualization skills will likely be more in demand as more companies use the
cloud to reduce costs. However, it didn't make the list because, according to
Foote, the data on the cloud market isn't mature enough. That said, the market
for cloud certifications has grown and, according to many analysts, there is
an impending Cloud Skills Gap for IT.
"Companies will
put out ridiculously unrealistic requests for workers. There's no silver bullet
anymore in hiring, these people don't exist. You have to build them. That is
what's happening with cloud computing right now," says Foote.
Salary range: $30,000-$128,000
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