Growth Slows, But IT Wages Still Rising

Some good news for IT professionals, particularly where their wallets are concerned: Wages for technology workers in high-impact jobs have increased by 1.7 percent in the second quarter of 2006 compared to the same period in the previous year, according to the most recent Yoh Index of Technology Wages. Although this isn’t quite as high as the 4.6 percent year-over-year growth registered in the previous quarter, it’s nevertheless a robust rise, and it certainly beats a decrease in pay.

“If you think about it, this is still pretty healthy growth,” said Jim Lanzalotto, Yoh’s vice president of strategy. “It’s not the ‘irrational exuberance’ that Alan Greenspan talked about. That’s important. Any time you have irrational growth, markets start to get off-kilter and then you can get into trouble. I think for the most part, what we’re doing here is building a period of sustained growth for technology wages, which is good for the market.”

What’s more, because of the observed patterns in pay fluctuation, the second quarter tends to be a more gradual period of growth. Technology wages might go up at higher rates next quarter, Lanzalotto said. “It has slowed down, but with the seasonal nature of this business, as the spring goes to summer, the market does tend to slow down a little bit,” he explained.

In the realm of high-impact job roles, the most well compensated is the application-specific integrated circuit (ASIC) design engineers, which averages $89.16 per hour. “I believe we’re seeing growth there because of…


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