Yoh ~ Yoh Index

Yoh Index of Technology Wages
Measuring changes in employee demand and
supply of technology talent worldwide.

Tech Wages Slip in Q3

Wages for technology professionals in the third quarter of 2008 appear to be on a steady decline compared to the same period in 2007.

At its lowest point this quarter, the Yoh Index of Technology Wages dropped 6.21 percent from the same time last year, when indexed to January 2001 (1/2001 = 100). Earlier in the quarter, wages increased 1.86 percent compared to 2007 levels, only to decrease as the quarter progressed.

"It appears that the demand for technology workers continues to ebb," says Bill Yoh, President and CEO of Yoh. "We believe we'll continue to see softening in certain sectors as the state of the economy leads companies to tighten budgets and delay projects. Although it's too early to predict exactly when this wage downturn may end, we predict it will continue through the remainder of 2008, but improvement in the financial markets may create some stability in early 2009. In the meantime, we are seeing some bright spots—wages in healthcare, telecom and aviation have remained steady despite drops in other areas."

Trends in Technology Wages: January 2001 – Present

Yoh began indexing pay rates in the technology sectors in January 2001. The technology wage market experienced an unstable year in 2001 and then fell dramatically after September 11. Wages experienced another up-and-down year in 2002, but were then up slightly in 2004, as compared to 2003. In 2005 and 2006, tech wages consistently outpaced national trends with 2007 wages starting out strong but slowed at the end of the year. In the beginning of 2008, wages continued to drop reaching a first quarter low of 110.55 in February; a slight peak at end of Q2 was not the sign of hope we were looking for as Q3 showed the lowest drop since beginning of 2006.

The Yoh Index of Technology Wages presents a current view of the changes in employer demand and supply of technology workers nationwide. Indexed to January 2001, the Yoh Index of Technology Wages was first introduced in January 2003 and is released quarterly.

The employment markets covered by the Yoh Index of Technology Wages are:

Aviation
Engineering
Information Technology
Manufacturing
Scientific
Telecommunications
Utility

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Intended for reference only. Yoh does not make any warranty, expressed or implied, or assume any legal liability or responsibility for the completeness, usefulness, accuracy or quality of the information provided. While reasonable efforts have been made to ensure the accuracy of the information provided, the information is subject to change without notice and cannot be guaranteed to be current.

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