Tech Wages On The Rise?

Yoh Index reports continued strength in overall tech compensation.

Wages for highly-skilled technology professionals in 2007 continue to surpass pay rates from 2006, and remained strong this year. According to the Yoh Index of Technology Wages, the quarterly compensation index used by Fortune 500 companies to determine salary scales, the average hourly wage for high-impact technology workers was recorded at $31.61 during the middle of the second quarter of 2007, only a slight dip from last quarters $31.80, the highest average wage recorded by the Yoh Index since its inception in 2001.

The Yoh Index of Technology Wages reached 112.93 during the second quarter of 2007, when indexed to January 2001, indicating a 4.29% increase in wage growth, when compared with the same period in 2006.

Yoh began indexing pay rates in the technology sectors in January 2001. The technology wage market experienced an unstable year in 2001 and then fell more dramatically following September 11. Wages experienced another up-and-down year in 2002, but were then up slightly in 2004, as compared to 2003. In 2005 and 2006, tech wages consistently outpaced national trends.

In 2007, wages started out strong, breaking all previous records by a significant amount, and now remain strong and consistent with the overall technology employment trends.

For more, visit http://www.yoh.com/yohindex/


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