Tech Wages Remain Steady After Decline in Q1

PHILADELPHIA—August 21, 2008—Wages for technology professionals in the second quarter of 2008 remained mostly unchanged compared to the same period in 2007, according to the latest Yoh Index of Technology Wages.

 

"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."

 

The Yoh Index of Technology Wages dropped 1.2 percent from the same point last year, 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.

Week	2001	2007	2008	Change from 2007
16	100.39	112.93	111.48	-1.2%
20	99.79	113.17	113.53	.3%
24	99.36	111.27	112.40	.9%

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:

Ÿ Biostatistician

Ÿ Civil Engineer

Ÿ Clinical Research Associate

Ÿ Firmware/Embedded Engineer

Ÿ Java Developer

Ÿ Mechanical Engineer

Ÿ .Net Developer

Ÿ Oracle DBA

Ÿ Project Manager

Ÿ SAPฎ Consultant (Functional/Technical)

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 374 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 2.2 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 staffing services, architectural-engineering-construction services, power plant maintenance and modification services, security 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 dayzim.com.