Benefits May 18, 2005

High Tech Wages Give Ground in Q105

May 18, 2005 (PLANSPONSOR.com) - Wages for high-technology professionals decreased 0.8% in the first three months of 2005 over a year earlier, according to the latest Yoh Index of Technology Wages.
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While technology wages rose 3.1% in January, those gains were lost in February and March, said a Yoh news release. San Francisco, Portland, and Philadelphia enjoyed the highest wage increases in the first quarter of 2005, while wages in Houston, Washington, and Atlanta declined, according to the announcement.

Overall, the index ended the first quarter of 2005 at 104.94, when indexed to January 2001, up nearly 5% over the past four years.

“Wages are not growing as rapidly as might be expected, given the significant constraints on high-technology labor pools,” said Jim Lanzalotto, Vice President, Strategy and Marketing for Yoh, in the news release. “Companies continue to hold the line on wages. However, I think we will see wages start to climb at a somewhat faster pace as it becomes harder to find high-impact talent, and companies have to compete more aggressively to fill these positions.”

Accordinig to the announcement, the top ten high-technology job titles as determined by the Yoh Index for the first quarter of 2005 are:

  1. Clinical Trial Manager
  2. Microsoft ASP.NET Developer
  3. Microsoft VB.NET Developer
  4. SQL Developer
  5. Verilog Designer
  6. Software Engineer
  7. Field Applications Engineer
  8. Director, Regulatory Affairs
  9. Design Verification Engineer
  10. RFID Engineer

The Yoh Index of Technology Wages is based on a quarterly download of data based on actual wages of a 5,000 person temporary technology labor pool hired by more than 1,000 businesses in the aviation, engineering, IT, manufacturing, scientific, telecommunications and utility industries. More information is here .

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