Architect, Dev Employment Strong, Wages Flat
A major compensation index study for F500 firms finds a mixed picture for architects, devs. While employment rates are the highest they've been since 2001, wages have remained virtually flat during that 4-year period - rising only about 5% during the entire period.
The Yoh Index of Technology Wages reports that wages in the past year have fallen slightly, (1.2 percent decrease) in the second quarter of 2005 as compared to the second quarter of 2004. However, 2005 Q2 wages in general are up more than 5% since 2001.
"We continue to see signs of strength in the high tech hiring environment as the nationwide unemployment rate drops to its lowest point since 2001," said Jim Lanzalotto, Yoh's vice president of strategy and marketing in a statement describing the findings. "However, high tech wages have not yet responded in kind, but have remained flat at best. We will be actively watching trends over the next quarter to see if a correlation eventually develops between increased hiring and wages."
Those IT jobs in greatest demand in 2005 Q2, and their average hourly pay rates, appear below, as compiled by the Yoh study:
The Yoh Index of Technology Wages built on solid data complied by Yoh's 40 U.S. field offices, and uses actual employment activity of over 5,000 technology professionals outsourced on short- and long-term projects by over 1,000 of the nation's top employers in aviation, engineering, information technology, manufacturing, scientific, telecommunications, and utility industries.