Technology Wages Increase in Second Quarter

PHILADELPHIA, August 16, 2004 – Wages for technology workers increased in the second quarter of 2004, compared to the same period in 2003, according to the Yoh Index of Technology Wages.
 

The second quarter survey signified that wages increased significantly in April and May, and slightly in June.  Wage rates in Denver (8.9%) and Seattle (7.9%) increased significantly this quarter.  Rochester (5.9%), San Francisco (4%) and Phoenix (2.2%) also experienced gains.  Overall, the Yoh Index of Technology Wages ended the quarter at 108.68, when indexed to January 2001.

"The Yoh Index of Technology Wages is consistent with recent job data provided by the Bureau of Labor Statistics," said Jim Lanzalotto, Vice President of Strategy & Marketing of Yoh, a Day & Zimmermann company.  "Given the increasing strength of the tech labor markets we anticipate solid growth through the balance of 2004.  We see this greatest growth in research & development, clinical research, and product development where high impact talent with a combination of domain information in multiple disciplines."

"The improvement in the technology job market over the past year has been dramatic," said Scot Melland, president and CEO of Dice Inc.  "Given the increase in technology spending by corporations during 2004, we expect a steady improvement in the tech job market for at least the next 12-18 months."

Intended for reference only.  Yoh does not make any warranty, expressed or implied, or assume any legal liability or responsibility for the completeness, usefulness, accuracy or quality of the information provided.  While reasonable efforts have been made to ensure the accuracy of the information provided, the information is subject to change without notice and cannot be guaranteed to be current.


About Yoh Index of Technology Wages
The Yoh Index of Technology Wages is based on a quarterly sample of the temporary technology labor pool being utilized by more than 1,000 businesses in the aviation, engineering, IT, manufacturing, scientific, telecommunications and utility communities.  This quarterly sample encompassed more than 5,000 technology workers.  The Yoh Index of Technology Wages provides a unique barometer of the changes in employer demand and supply of technology talent nationwide.  For more information please visit yoh.com/yohindex.

About Yoh
Yoh delivers talent and outsourcing solutions to customers in the United States and United Kingdom.  As one of the largest staffing services firms in the United States – with more than 415 million USD in total sales – Yoh operates from more than 80 locations and provides long- and short-term temporary and direct placement of technology and professional personnel, as well as managed staffing services, for the telecommunications, scientific, information technology, industrial and engineering 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 reliable managed services. Operating from more than 150 worldwide locations with 1.3 billion USD in 2002 revenues, the Day & Zimmermann family of companies employs 20,000 professionals and is currently ranked as one of the largest private companies in America by Forbes.  Founded in 1901 and headquartered in Philadelphia, PA, Day & Zimmermann was named the U.S. National Family Business of the Year in 1998.

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