Tech Wages Hold Steady in 2009
PHILADELPHIA—May 27, 2009—According to the most recent Yoh Index of Technology Wages, tech wages remained mostly unchanged in the first quarter of 2009.
Throughout the first few weeks of 2009, wages held steady, hitting a peak of 32.81 early in the quarter—just a 1.62 percent increase from the same time last year. At its lowest, the average tech wage sank to 31.05, a slight .21 percent increase from the same time last year. Wages inched slightly higher to close out the quarter at 31.46.
|
Week |
2001 |
2008 |
2009 |
Change from 2008 |
|
4 |
27.93 |
31.19 |
32.81 |
1.62% |
|
8 |
28.05 |
30.84 |
31.05 |
.21% |
|
12 |
27.92 |
31.41 |
31.46 |
.05% |
"While the market for technology workers remains sluggish, we are starting to see stability in pay rates," says Bill Yoh, President and CEO of Yoh. "Wages have remained relatively unchanged from the end of 2008 and moving into early 2009. Companies are continuing to hold steady, adopting a 'wait and see' attitude. As economic recovery begins to take hold, we should see a gradual uptick in wages. We won't see complete revitalization immediately, but these wages can be one of the first indications of economic restoration."
Compiled quarterly by Yoh, one of the world's largest recruiting services firms for high-impact technology and professional talent, the Yoh Index of Technology Wages is used by emerging technology and Fortune 500 firms as a guide for determining their quarterly salary scales. Each Yoh Index of Technology Wages report identifies the top job titles in highest demand and provides an index to compare current average wages over the same period last year.
Based on conversations with more than 9,000 hiring managers in over 15 major metropolitan areas, Yoh has determined the skills most in demand across the U.S. Skills that appeared most frequently nationwide included:
• .net/C+ Developer
• Java Developer
• Project Manager
• SAP® Consultant (Functional/Technical)
• Quality Assurance
• Oracle (Functional/Technical)
• Clinical Research Associate
• Biostatistician
• Network Engineer
• Software Engineer
The Yoh Index of Technology Wages provides a unique barometer of the changes in employer demand and supply of technology talent nationwide. It is not based on polls, surveys, projections or other anecdotal evidence. The Yoh Index of Technology Wages is built on solid data compiled by Yoh's 75 U.S. field offices and uses actual employment activity of as many as 5,000 technology professionals outsourced on short- and long-term projects by more than 1,000 of the nation's top employers in the aviation, engineering, information technology, manufacturing, scientific, telecommunications and utility industries.
For more information or to sign up to receive future editions of the Yoh Index of Technology Wages before they are released, please visit yoh.com/yohindex.
ABOUT YOH
Yoh is one of the largest providers of talent and outsourcing services to customers in the United States. With 400 Million USD in total sales, Yoh operates from more than 75 locations and provides long- and short-term temporary and direct placement of technology and professional personnel, as well as managed staffing services, for the information technology, scientific, engineering, health care and telecommunications communities. For more information, visit yoh.com. Yoh is part of Yoh Services LLC, a Day & Zimmermann Company.
ABOUT DAY & ZIMMERMANN
Day & Zimmermann accelerates customer success by delivering diversified services. Operating from more than 150 worldwide locations with 2.4 Billion USD in revenues, the Day & Zimmermann family of companies employs 24,000 professionals and is currently ranked as one of the largest private companies in America by Forbes and is a former winner of the U.S. National Family Business of the Year award. Founded in 1901 and headquartered in Philadelphia, PA, Day & Zimmermann companies today provide architectural-engineering-construction services, power plant maintenance, modification and specialty services, security services, staffing services, and validation services to businesses and government agencies, and munitions production, equipment maintenance and facilities management services to the Department of Defense. For more information, visit http://www.dayzim.com.
