Tech Wages Hit Highest Level in 7 Years, But Growth Slows

<strong>Philadelphia &mdash; Feb. 14</strong><br />Hourly wages for highly skilled technology professionals reached an all-time high during the fourth quarter of 2007. And though growth slowed sequentially at the end of the year, it still remained ahead of 2006, according to the latest Yoh Index of Technology Wages. <br /><br />The average hourly wage for high-impact technology workers was recorded at $32.39 during October, the highest average pay figure documented by the Yoh Index of Technology Wages since its inception in 2001.<br /> <br />However, reflecting the economy&#39;s sluggishness in late 2007, average wages dropped $0.88 in November from October. Similarly, while average wages had experienced a 7.1 percent increase in September, they were followed by 5.7 percent growth in October, and 3.4 percent improvement in November and December, when compared to the same months in 2006.<br /> <br />"Despite a sequential drop at the end of 2007, we continue to see strong wage growth year over year and remain cautiously optimistic for the technology and professional job market in 2008," said Jim Lanzalotto, vice president of strategy and marketing for Yoh. "Weaknesses from other sectors of the economy may have permeated here and caused the decline. But customer demand is still strong, project backlogs are still full and there are no signs that works in progress will be abandoned."<br /> <br />The Yoh Index of Technology Wages reached a high of 115.96 in October 2007, when indexed to January 2001 (1/2001 = 100), indicating a 5.7 percent increase in wage growth, when compared…


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