Technology Wages Continue To Increase
last updated: 25 July 2006
There's a summer heatwave in technology as the wages for high-impact professionals continue to grow and outpace wages from 2005.
According to the latest figures from the Yoh Index of Technology Wages, despite the summer slowdown in hiring and spending, wages for tech professionals continued to increase with only a slight dip in the growth rate.
Overall wages are 1.7% higher in the second quarter of 2006 when compared with the same period in 2005, and, while June represents a low for 2006 only 3 months in 2005 showed a higher wage index.
"The weather is hot this summer and so are wages for high-impact, seasoned professionals in the technology market," says Jim Lanzalotto, Vice President of Strategy and Marketing for Yoh, a Day & Zimmermann company. "It's not unusual for wages in general to follow slow spring and summer hiring trends, but technology wages still held on strong and continue to surpass pay from 2005. Top talent have every reason to stay confident about the job market – demand for high-level skills and deep-rooted industry experience is higher than ever but unbalanced with the shortage of talent to fill available positions. We should keep an eye out for more competitive wages to come from a hungry marketplace in the fall and winter of 2006."
Overall the prospects look good for those in the job market, fo those with experience and 'good skills'. There's a shortage of talent for the top jobs and this doesn't look like changing anytime soon.
Overall wages are 1.7% higher in the second quarter of 2006 when compared with the same period in 2005, and, while June represents a low for 2006 only 3 months in 2005 showed a higher wage index.
"The weather is hot this summer and so are wages for high-impact, seasoned professionals in the technology market," says Jim Lanzalotto, Vice President of Strategy and Marketing for Yoh, a Day & Zimmermann company. "It's not unusual for wages in general to follow slow spring and summer hiring trends, but technology wages still held on strong and continue to surpass pay from 2005. Top talent have every reason to stay confident about the job market – demand for high-level skills and deep-rooted industry experience is higher than ever but unbalanced with the shortage of talent to fill available positions. We should keep an eye out for more competitive wages to come from a hungry marketplace in the fall and winter of 2006."
Overall the prospects look good for those in the job market, fo those with experience and 'good skills'. There's a shortage of talent for the top jobs and this doesn't look like changing anytime soon.