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Tech Wages Peak in Q4 2007

Hourly wages for highly skilled technology professionals reached an all-time high during the fourth quarter of 2007, and though growth slowed by year-end, it continued to remain ahead of 2006, reveals the latest findings of the Yoh Index of Technology Wages. In fact, the average hourly wage for high-impact technology workers was recorded at $32.39 during October – the highest average pay figure documented by the Yoh Index of Technology Wages since its inception in 2001. However, reflecting the economy's sluggishness in late 2007, average wages dropped $0.88 in November from October. Similarly, while average wages had experienced a 7.1% increase in September, they were followed by 5.7% growth in October, and 3.4% improvement in November and December, when compared to the same months in 2006. "Despite a sequential drop at the end of 2007, we continue to see strong wage growth year-over-year, and remain cautiously optimistic for the technology and professional job market in 2008," says Vice President of Strategy and Marketing, Jim Lanzalotto. "Weaknesses from other sectors of the economy may have permeated here and caused the decline, but customer demand is still strong; project backlogs are still full; and there are no signs that works in progress will be abandoned." Lanzalotto also adds that technology workers actively searching for new employment should focus on how their skills may help businesses to become more profitable as well as better serve the clientele. Skills most in demand for each market as determined by Yoh include: Biostatistician; Civil Engineer; Project Manager; and Net Developer.