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Technology and finance and accounting salaries are up about 4% overall, said Greg Millman, senior marketing manager at Kforce Inc. (NASD: KFRC). However, those with skills in such specialties as Sarbanes-Oxley in accounting are seeing bigger increases. The professional staffing firm recently came out with its 2008 salary and employment guides for technology and finance and accounting jobs based on information from Kforce field managers.
"The job market is very robust right now," Millman said. And there appears to be a tightening of the applicant pool.
Sarbanes-Oxley continues to bring a need for people, he said. In addition, nonprofits and private industry are looking at several of the laws requirements and, while they're not required to, several are putting in more robust controls. There's also a law on the books that tries to mimic Sarbanes-Oxley for the government space, Millman said.
The tech sector is also accelerating, despite a somewhat of a drag from offshoring.
As far as the affects of the subprime mortgage crisis, Millman said the report looked at skill sets rather than industries. The skill sets can transcend a single industry.