High Tech Wages Increase in Third Quarter of 2005
Wages for high-impact technology professionals up for first time in 2005
PHILADELPHIA—November 3, 2005—Hourly wages for highly skilled technology professionals improved in the third quarter of 2005 compared to the same period in 2004, according to the latest Yoh Index of Technology Wages, the quarterly compensation index used by Fortune 500 companies to determine salary scales.
|
Week |
2003 |
2004 |
2005 |
% Change |
|
28 |
100.18 |
103.22 |
105.98 |
2.7% |
|
32 |
102.18 |
103.90 |
105.08 |
1.1% |
|
36 |
104.22 |
105.26 |
104.80 |
-0.4% |
In the third quarter, wages changed at varying levels, with a 2.7% uptick in July, a 1.1% improvement in August and a slight .4% decrease in September, as compared to the same months in 2004. The Yoh Index of Technology Wages ended the third quarter of 2005 at 104.80, when indexed to January 2001 (1/2001 = 100).
"After being hit by two major hurricanes, the summer quiet-period, and the largest hike in gas prices in history, ending the third quarter of 2005 with an overall increase in compensation is a very positive sign for wages and workers across the technology spectrum," according to Jim Lanzalotto, Vice President of Strategy and Marketing for Yoh, a Day & Zimmermann company. "There is a momentum in the professional and technology hiring ranks that is helping to increase competition among companies for the highest-quality consultants, and, consequently, to boost wages in order to attract the best talent."
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 scale. Each Yoh Index identifies the top job titles in highest demand, and provides an index to compare current average wages over the same period last year.
The high-impact technology job titles in greatest demand nationwide during the third quarter of 2005, and their average hourly pay rates as determined by the Yoh Index, are:
· Applications Development - $51.15
· C#.Net - $50.07
· C/C++ - $46.41
· Cisco Engineer - $48.99
· Clinical Data Manager - $43.79
· Clinical Research Associate - $37.79
· Database Architect - $60.53
· Embedded Developer - $57.67
· Java Developer - $53.38
· Oracle DBA - $54.73
· Process Engineer - $36.75
· SQL DBA - $45.56
The high-impact technology job titles in greatest demand in the thirteen hottest technology markets are also available upon request. Markets include: Atlanta, Austin, Boston, Charlotte, Dallas, Houston, Northern New Jersey, Philadelphia, Phoenix, Research Triangle Park, Seattle, Silicon Valley, and Southern California.
The Yoh Index of Technology Wages is not based on polls, surveys, projections, or other anecdotal evidence. It is built on solid data compiled by Yoh's 40 U.S. field offices, and uses actual employment activity of over 5,000 technology professionals outsourced on short- and long-term projects by over 1,000 of the nation's top employers in aviation, engineering, information technology, manufacturing, scientific, telecommunications, and utility industries.
About Yoh Index of Technology Wages
The Yoh Index of Technology Wages is based on a quarterly download of data based on actual wages of some 5,000 temporary technology labor pool hired by more than 1,000 businesses in the aviation, engineering, IT, manufacturing, scientific, telecommunications, and utility industries. 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.
