Yoh Index of Technology Wages
Measuring changes in employee demand and
supply of technology talent worldwide.
Tech Wages Stabilize in First Half of 2009
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As 2009 moved into the second quarter, wages remained consistent and trended slightly upward. Over the quarter's eight weeks, wages inched up from 31.27 to 32.07 and then closed at 32.44. The final figure represents a more substantial increase, 1.07%, than the earlier weeks backing theories that wages could see an uptick later in 2009 with perhaps more subsequent increases in Q3.
"Wages in professional and technology sectors remained stable, but in no way, represent overwhelming evidence that the recession is done impacting the workforce," says Lori Schultz, President of Yoh. "The continued demand for highly specialized, technical workers paired with the stability in associated wages leads us to be cautiously optimistic that economic restoration is in progress."
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. 2008 brought on a decline through the first two quarters, and finished flat. The first two quarters of 2009 show wages holding steady supporting cautious optimism for the economy as a whole. The employment markets covered by the Yoh Index of Technology Wages are:
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