Technology wages increased in fourth quarter, staffing firm reveals

1/18/2011 3:54 AM

A new report from national staffing firm Yoh Services reveals that wages for technology professionals, including IT employees, increased during the latter portion of the fourth quarter.

According to the Yoh Index of Technology Wages, pay for industry professionals increased 4.3 percent in December. That followed modest increases of 1.3 percent in October and 0.2 percent in November.

The increase is significant, as the average pay for tech professionals hit a four-year low at $29.81 per hour in September. Last month, wages rebounded to $31.55 per hour.

“We’re kind of cautiously optimistic right now because the demand has been consistent and the wages” have increased, Joel Capperella, vice president of client solutions for Yoh Services, told the Philadelphia Business Journal.

Yoh compiles its statistics based on the wages of more than 5,000 technology professionals the firm has placed at more than 1,000 companies.

A study published by Robert Half Technology, an IT placement firm, in October also revealed good results for technology salaries. According to that report, the average IT salary will increase 3.4 percent this year. At projected wage increases of 5.5 percent, business-intelligence analysts stand to benefit the most.

About SetFocus

In business since 1997, SetFocus is the global leader in selecting, training, placing, and supporting Microsoft professionals worldwide. Through strategic relationships, SetFocus develops programs that directly source skilled professionals to meet the immediate hiring needs of its partners. A Microsoft Gold Certified Partner for Learning Solutions, SetFocus utilizes a unique combination of services to help organizations grow allowing them to meet marketplace opportunities with speed and agility. SetFocus has won semi-finalist awards for both the Ernst & Young Entrepreneur of the Year as well as the New Jersey Family Business of the Year. It is currently ranked on Inc. 5,000 fastest growing companies in America. For more information, SetFocus can be reached at +1-886-91-TRAIN and through its website, SetFocus.