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Technology Wages Increase Slightly in Q2 2009

Oct. 8, 2009 — Technology wages trended slightly upward in second quarter 2009, according to the Yoh Index of Technology Wages. Wages increased 1.07% year-over-year, supporting evidence that wages may be on the rise.

"Wages in professional and technology sectors remained stable, but this does not indicate that the recession's impact on the workforce is complete," says Lori Schultz, President of Yoh. "We continue to see a demand for highly specialized, technical workers. Paired with the stability we've seen in associated wages, this leads us to be cautiously optimistic that economic restoration is in progress."

Throughout the second quarter, wages inched upwards from 31.27 to 32.07, before closing at 32.44, according to the report. The first two quarters of 2009 show tech wages holding steady, as compared to the decline experienced during the same period in 2008.

Based on conversations with more than 9,000 hiring managers in more than 15 major metropolitan areas, Yoh has determined the skills most in demand across the U.S. Skills that appeared most frequently nationwide included:

• Biostatistician
• Clinical research associate
• IT security engineer
• Java developer
• .net/C+ developer
• Network engineer
• Project manager
• Quality assurance
• SAP  consultant (functional/technical)
• Software engineer.

About the Index
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 Aerospace & Defense, Engineering, Information Technology, Life Sciences, and Telecommunications industries.

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