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View All NewsTech wages unchanged in first quarter
Wages for technology workers were mostly unchanged in the first quarter of 2009, according to the Yoh index of technology wages released today. The index ended the quarter at a level of 31.46, up just 0.05% year-over-year.
"While the market for technology workers remains sluggish, we are starting to see stability in pay rates," said Bill Yoh, president and CEO of Yoh. "Wages have remained relatively unchanged from the end of 2008 and moving into early 2009. Companies are continuing to hold steady, adopting a 'wait and see' attitude. As economic recovery begins to take hold, we should see a gradual uptick in wages. We won't see complete revitalization immediately, but these wages can be one of the first indications of economic restoration."
Yoh, a Philadelphia-based technology and professional staffing firm, bases its index of technology wages on data compiled by its 75 field offices.