Tech wages hit a 5-year high in Q4, Yoh Index reports
It’s costing ever more to get those technology professionals, according to the latest Yoh Index of Technology Wages. In the fourth quarter of 2005, wages increased 3.1% from Q4 2004. The peak period was between Oct. 10 and Nov. 6, when the average hourly wage for tech workers was $30.27. The Yoh Index of Technology Wages stood at 108.37, the highest level since its inception in January 2001, when the index started at a base of 100. The index ended the quarter at 106.12.
“Despite major economic setbacks during the year, the technology industry has demonstrated its strength and confirmed its power to propel the employment market in a positive direction,” said Jim Lanzalotto, vice president of strategy and marketing for Yoh, a recruiting company. “Between the growing need for information security experts, highly-knowledgeable ERP and Internet-based technology professionals, and advanced health care technology to help answer the call of aging baby boomers, our outlook for the technology employment market and its wages is optimistic for 2006.”
The Yoh Index of Technology Wages is based on data complied by Yoh’s 40 U.S. field offices, and uses employment activity of over 5,000 technology professionals outsourced on short- and long-term projects by over 1,000 employers.
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