Yoh Index of Technology Wages
Measuring changes in employee demand and
supply of technology talent worldwide.
Tech Wages Remain Steady After Decline in Q1Wages for technology professionals in the second quarter of 2008 remained mostly unchanged compared to the same period in 2007. The Yoh Index of Technology Wages dropped 1.2 percent in April, when indexed to January 2001 (1/2001 = 100). A slight increase was evident later in the quarter, when the Yoh Index reached 112.40, indicating a .9 percent increase year-over-year. "This data shows wages have started to level out a bit," says Jim Lanzalotto, Vice President of Strategy and Marketing for Yoh. "Although wages were down in the first quarter, they've held steady in the second. We've also experienced a slight increase at the end of the second quarter which we'll be monitoring to see if it is the start of wages trending upwards again through the second half of the year. While we may not be seeing robust growth, we're also not experiencing the black hole others have predicted."
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 2008, wages continued to drop reaching a first quarter low of 110.55 in February 2008; however, a slight peak at end of Q2 may indicate an upward trend moving into the second half of year. 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.
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