NEW CANAAN, Conn. – Credit unions finding themselves paying more for technology staff are not alone, according to the latest report from Foote Partners. The IT consultancy says that according to its quarterly survey of 48,000 workers in North America and Europe, overall pay for all non-certified and certified IT skills grew 2.8% and 6% respectively in the first three months of 2005 with a 3.6% and 4% increase respectively for the 12 months ending April 1. David Foote, the firm's co-founder, attributes the upswing in pay demands to both an improved economy and a pendulum swing away from offshoring. "Probably the most obvious has been the economy and the return of hiring and concerns about retention of talent connected to legacy systems and critical technology and business initiatives," Foote says. "Employers are once again investing in onshore applications development skills notwithstanding their desire to offshore some applications and business processes," he adds.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
