PHILADELPHIA—February 27, 2013—Technology wages ticked slightly upward in the fourth quarter of 2012, rising 2 percent over the third quarter, according to the Yoh Index of Technology Wages. The average quarterly wage, however, dipped 1.4 percent year over year.
|
Week |
2001 |
2011 |
2012 |
YoY Rate Change |
Q4 Index |
|
40 |
27.92 |
31.43 |
30.99 |
-1.38% |
110.97 |
|
44 |
28.10 |
31.89 |
31.18 |
-2.23% |
111.63 |
|
48 |
28.52 |
31.91 |
31.69 |
-0.07% |
113.46 |
Throughout the fourth quarter of 2012, wages improved from 30.99 to 31.18, and closed at 31.69. The final three months of the year showed wages recovering from the trough of 30.58 that they hit in the third quarter, the lowest rate over the past two years. The final wage rate for 2012 remains just shy of the two-year high of 31.91 reached in December 2011.
The Yoh Index remained relatively stable in 2012, ending at 112.02 for the fourth quarter of 2012, a value consistent with the first half of the year and a recovery from the dip to 109.74 in the third quarter.
In regions throughout the U.S., wages remained fairly steady, though there were small increases in both the New York metro area and the mid-Atlantic region to end the year. In the mid-Atlantic, wages ended at 42.24, the highest rate of the year, and wages in New York closed at 56.43, the highest rate since April 2012.
The Yoh Index of Technology Wages provides a unique barometer of the changes in employer demand and supply of technology talent nationwide. It 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 and defense, engineering, information technology, life sciences, and telecommunications industries.
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For over 70 years, Yoh has provided the talent needed for the jobs and projects critical to our clients’ success by providing comprehensive workforce solutions that focus on Aerospace and Defense, Engineering, Federal Services, Health Care, Life Sciences, Information Technology and Telecommunications. Yoh fulfills immediate resource needs and delivers enterprise workforce solutions, including Managed Services, Recruitment Process Outsourcing, Vendor Management Systems, Independent Contractor Compliance, and Payroll Services. For more information, visit yoh.com.