Yoh Index of Technology Wages released a report today that provides information about IT wages and the most in-demand skills across the United States.
According to the report, technology wages trended slightly upward in the second quarter of 2009. Wages increased 1.07 percent year-over-year, supporting evidence that wages may be on the rise as we move into the next quarter.
"Wages in professional and technology sectors remained stable, but this does not indicate that the recession's impact on the workforce is complete," says Lori Schultz, President of Yoh. "We continue to see a demand for highly specialized, technical workers. Paired with the stability we've seen in associated wages, this leads us to be cautiously optimistic that economic restoration is in progress." Throughout the second quarter, wages inched upwards from 31.27 to 32.07, before closing at 32.44. The first two quarters of 2009 show tech wages holding steady, as compared to the decline experienced during the same period in 2008.
Compiled quarterly by Yoh, one of the largest recruiting services firms in A&D, Engineering, IT, Life Sciences, and Telecom, the Yoh Index of Technology Wages is used by emerging technology and Fortune 500 firms as a guide for determining their quarterly salary scales. Each Yoh Index of Technology Wages report identifies the top job titles in highest demand and provides an index to compare current average wages over the same period last year.
Based on conversations with more than 9,000 hiring managers in more than 15 major metropolitan areas, Yoh has determined the skills most in demand across the U.S.
Skills that appeared most frequently nationwide include:
- Clinical Research Associate
- IT Security Engineer
- Java Developer
- . net/C+ Developer
- Network Engineer
- Project Manager
- Quality Assurance
- SAP® Consultant (Functional/Technical)
- Software Engineer
The Yoh Index of Technology Wages provides a unique barometer of the changes in employer demand and supply of technology talent nationwide. It is not based on polls, surveys, projections, or other anecdotal evidence. The Yoh Index of Technology Wages is built on solid data compiled by Yoh's 75 U.S. field offices and uses actual employment activity of as many as 5,000 technology professionals outsourced on short- and long-term projects by more than 1,000 of the nation's top employers in the Aerospace & Defense, Engineering, Information Technology, Life Sciences, and Telecommunications industries.
For more information on hot skills by market or to sign up to receive future editions of the Yoh Index of Technology Wages before they are released, please visit yoh.com/yohindex.
Toni Bowers is Managing Editor of TechRepublic and is the award-winning blogger of the Career Management blog. She has edited newsletters, books, and web sites pertaining to software, IT career, and IT management issues.