Tech Wages Remain Flat in Fourth Quarter
Wages fluctuated throughout the fourth quarter, and at the lowest point, hit a 2.39 percent decrease from the same time last year. At its peak, wages were 2.59 percent higher than the same time last year.
|
Week |
2001 |
2007 |
2008 |
Change from 2007 |
|
40 |
100.18 |
115.28 |
115.55 |
.23% |
|
44 |
102.11 |
115.96 |
113.25 |
-2.39% |
|
48 |
103.04 |
112.81 |
115.81 |
2.59% |
|
52 |
97.71 |
113.17 |
114.80 |
1.42% |
"The latest data continues to emphasize uncertainty in the marketplace," says Bill Yoh, President and CEO of Yoh. "Since many businesses have employed layoffs as the primary tactic in this economic rough patch, technology wages have not been impacted as dramatically as we would have expected. In this quarter, businesses will begin to respond by increasing layoffs, decreasing raises and yearly bonuses, or hiring new employees with lower starting salaries, but we anticipate the impact of these decisions will not be as dramatically reflected in wages until later this year."
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
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
