PHILADELPHIA —October 6, 2009—Technology wages trended slightly upward in the second quarter of 2009, according to the Yoh Index of Technology Wages. Wages increased 1.07 percent year-over-year, supporting evidence that wages may be on the rise as we move into the next quarter.
"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."
| Week
|
2001
|
2008
|
2009
|
Q2 Index
|
Change from 2008
|
| 16
|
28.04
|
31.15
|
31.27
|
111.52
|
.12%
|
| 20
|
27.87
|
31.71
|
32.07
|
115.07
|
.36%
|
| 24
|
27.75
|
31.37
|
32.44
|
116.90
|
1.07%
|
Throughout the second quarter, wages inched upwards from 31.27 to 32.07, before closing at 32.44. The first two quarters of 2009 show tech wages holding steady, as compared to the decline experienced during the same period in 2008.
Compiled quarterly by Yoh, one of the largest recruiting services firms in A&D, Engineering, IT, Life Sciences and Telecom, 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:
- Biostatistician
- Clinical Research Associate
- IT Security Engineer
- Java Developer
- . net/C+ Developer
- Network Engineer
- Project Manager
- Quality Assurance
- SAP® Consultant (Functional/Technical)
- Software Engineer
|
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.
For more information on hot skills by market 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, a Division of Day & Zimmermann, delivers talent and workforce solutions in Aerospace & Defense, Engineering, Information Technology, Life Sciences and Telecommunications, helping clients address complexities of managing cost, risk, quality and value of the entire workforce. Founded in 1940, Yoh is headquartered in Philadelphia, PA and operates from 75 locations, with 378 million USD in annual sales.
ABOUT DAY & ZIMMERMANN
Day & Zimmermann accelerates customer success by delivering diversified services. Operating from more than 150 worldwide locations with 2.4 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 architectural-engineering-construction services, power plant maintenance, modification and specialty services, security services, staffing 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 http://www.dayzim.com .