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`Offshoring' Continues to Soften IT Market in United States

NEW CANAAN, Conn. - Credit union IT managers should find that the market for IT professionals continues to soften, hastened by the movement of technology jobs overseas. According to the latest Quarterly Hot Technical Skills and Certifications Pay Index from Foote Partners, the "offshoring" of U.S. tech jobs has resulted...

By Staff Writer | Updated on January 20, 2004

NEW CANAAN, Conn. – Credit union IT managers should find that the market for IT professionals continues to soften, hastened by the movement of technology jobs overseas. According to the latest Quarterly Hot Technical Skills and Certifications Pay Index from Foote Partners, the “offshoring” of U.S. tech jobs has resulted in lower pay for many IT workers, but the price continues to increase for a few areas, including security, project management and systems and network administration certifications. The report comes from surveys of more than 38,000 IT professionals at more than 1,800 organizations in the United States and Europe. It’s the third quarter in a row that offshore movement of IT jobs has been seen pushing down wages and demand for certified IT skills in the United States, says David Foote, Foote Partners president and chief research officer. For example, stand-alone applications development skills pay declined 8.5% in 2003 and apps development certifications lost nearly 18% of their value in the past two years.

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