Yoh Index Reports Continued Strength of Tech Wages

Wages for high-impact technology professionals continued to surpass 2005 wages during Q2 2006 and follow seasonal trends

PHILADELPHIA—July 24, 2006—There'll be no summer doldrums for tech workers this year, as wages for high-impact technology professionals in the second quarter of 2006 continue to outpace wages from 2005, according to the latest Yoh Index of Technology Wages, the quarterly compensation index used by Fortune 500 companies to determine salary scales.

Overall, wages kept an encouraging spring in their step during the typical slowdown in hiring and spending experienced with the approach of the summer months - the growth rate of hourly pay in the second quarter of 2006 dipped only slightly from the record wages recorded by the Yoh Index in the fourth quarter of 2005 and first quarter of 2006. 

The Yoh Index of Technology Wages ended the second quarter of 2006 at 106.87, when indexed to January 2001 (1/2001 = 100), indicating that wages for highly-skilled technology workers had increased 1.7 percent by the second quarter of 2006, when compared to the same quarter in 2005.

"The weather is hot this summer and so are wages for high-impact, seasoned professionals in the technology market," says Jim Lanzalotto, Vice President of Strategy and Marketing for Yoh, a Day & Zimmermann company. "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."

Compiled quarterly by Yoh, one of the world's largest recruiting services firms for high-impact technology and professional talent, 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.

The high-impact jobs in greatest demand nationwide during the second quarter of 2006, and their average hourly pay rates as determined by the Yoh Index of Technology Wages, are:

• ASIC Design Engineer – $89.16
• Application Developer – $58.18
• Clinical Research Associate - $47.77
• Database Administrator - $69.36
• Drug Safety Specialist - $47.42
• ERP Functional Consultant - $78.78
• ERP Technical Consultant - $85.77
• Network Engineer - $46.12
• Project Manager - $60.80
• SAS Programmer - $53.16

The Yoh Index of Technology Wages is not based on polls, surveys, projections or other anecdotal evidence. It 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 over 1,000 of the nation's top employers in the aviation, engineering, information technology, manufacturing, scientific, telecommunications, and utility industries.

About Yoh Index of Technology Wages
The Yoh Index of Technology Wages is a quarterly download of data based on actual wages of some 5,000 temporary technology professionals hired by more than 1,000 businesses in the aviation, engineering, IT, manufacturing, scientific, telecommunications, and utility industries. The Yoh Index of Technology Wages provides a unique barometer of the changes in employer demand and supply of technology talent nationwide. For more information please visit www.yoh.com/yohindex. 

About Yoh
Yoh is one of the largest providers of talent and outsourcing services to customers in the United States. With over 367 million USD in total sales, Yoh operates from more than 75 locations and provides long- and short-term temporary and direct placement of technology and professional personnel, as well as managed staffing services, for the information technology, scientific, engineering, health care and telecommunications communities. For more information, visit yoh.com. Yoh is part of Yoh Services LLC, a Day & Zimmermann Company.
 
About Day & Zimmermann
Day & Zimmermann accelerates customer success by delivering reliable managed services. Operating from more than 150 worldwide locations with 1.3 billion USD in revenues, the Day & Zimmermann family of companies employs 20,000 professionals and is currently ranked in the top one percent of private companies in America by Forbes. Founded in 1901 and headquartered in Philadelphia, PA, Day & Zimmermann is a former winner of the U.S. National Family Business of the Year award. For more information, visit dayzim.com.