Wages and Demand Still Strong for Tech Workers
The Yoh Index of Technology Wages (which is the standard used by Fortune 500 Companies to determine pay scales) has reported a quarterly increase in both the demand for, and wages of, technology workers. This already great news for workers in industries like IT, software development, and general computing is made even more so by the fact that hiring and wages usually decrease in spring and summer months. For the tech job market to be as strong as it is now, during a season which typically experiences overall hiring downturns, is a clear indication of a marked overall increase in the demand for tech workers.
Jim Lanzalotto, Vice President of Strategy and Marketing for Yoh, a Day & Zimmermann company reports that “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.” Read the full story here.
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