Volatility in market values for information technology (IT) skills is stabilizing, despite remaining high over the past few months, Foote Partners reports. Volatility values for individual IT skills and certifications remained high at the end of 2009, but showed notable improvement from the prior calendar quarter, according to the report.
"Skills pay volatility matters because it is one of the most useful pieces of information for analyzing demand and predicting the future," says Foote Partners' David Foote. The highest volatility in 11 years was recorded during the summer of 2009, and by year's end there was a 10-point improvement in the skills Foote Partners surveys.
However, that increase is still nowhere near what would be considered normal, Foote says. "The volatility numbers tell me that the major decisions have been made and employers are now in an intensive 'tweaking' phase, shifting resources around, trying to get comfortable," he says.
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