US Tech Wages Bounce Back
last updated: 12 October 2006
Hourly wages for highly-skilled technology professionals continued to climb in the third quarter of 2006, when compared to the same period in 2005, according to the latest Yoh Index of Technology Wages.
Wages increased by .1% in July, followed by a 1.4% uptick in
August, and then ended with a 2.4% improvement in September, when
compared to the same months in 2005. Overall the index shows a 1.2% wage growth since the end of 2005, as well as a strong and steady increase in wages since 2003.
"We're seeing similar growth patterns right now to the tech job trends in 2004-2005," says Jim Lanzalotto, Vice President of Strategy and Marketing for Yoh, said in a statement. "Wage growth is steady, and all leading indicators point to increased hiring in coming months, as well as continued demand for high-impact technology skills. The outlook for the technology job market is very positive, but the industry can't forget this year's back-to-school blues – we need to keep in mind the long-term pipeline and develop incentives for more students to seek degrees in math, science and engineering."
The first quarter of 2006 saw tech wages reach their highest peak since the index started 6 years ago, at $30.73 per hour. It slipped over the next 4 months but has risen back to $29.99 at the end of September.
"We're seeing similar growth patterns right now to the tech job trends in 2004-2005," says Jim Lanzalotto, Vice President of Strategy and Marketing for Yoh, said in a statement. "Wage growth is steady, and all leading indicators point to increased hiring in coming months, as well as continued demand for high-impact technology skills. The outlook for the technology job market is very positive, but the industry can't forget this year's back-to-school blues – we need to keep in mind the long-term pipeline and develop incentives for more students to seek degrees in math, science and engineering."
The first quarter of 2006 saw tech wages reach their highest peak since the index started 6 years ago, at $30.73 per hour. It slipped over the next 4 months but has risen back to $29.99 at the end of September.