Tech Wages Hold Steady in 2009
Back Published 2009-05-27Philadelphia — May 27
According to the most recent Yoh Index of Technology Wages, tech wages remained mostly unchanged in the first quarter of 2009.
Throughout the first few weeks of 2009, wages held steady, hitting a peak of 32.81 early in the quarter, just a 1.62 percent increase from the same time last year. At its lowest, the average tech wage sank to 31.05, a slight 0.21 percent increase from the same time last year. Wages inched slightly higher to close out the quarter at 31.46.
"While the market for technology workers remains sluggish, we are starting to see stability in pay rates," said Bill Yoh, president and CEO of Yoh. "Wages have remained relatively unchanged from the end of 2008 and moving into early 2009. Companies are continuing to hold steady, adopting a wait-and-see attitude.
“As economic recovery begins to take hold, we should see a gradual uptick in wages. We won't see complete revitalization immediately, but these wages can be one of the first indications of economic restoration."
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 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:
- .net/C+ Developer
- Java Developer
- Project Manager
- SAP Consultant (Functional/Technical)
- Quality Assurance
- Oracle (Functional/Technical)
- Clinical Research Associate
- Network Engineer
- Software Engineer