Where Wages are Headed
We say that a good work environment, friendly co-workers and a short commute make or break a job, but at the end of the day, we’re really working for a paycheck. To help gauge where wages are headed, we put out a quarterly wage report based on more than 20,000 paychecks to more than 5,000 technology workers.
Based on the Index of Technology Wages, the summer will heat-up salaries too. The second quarter of 2006 is predicted to surpass wages from 2005. Wages declined just slightly this quarter from the record-high from the fourth quarter of 2005 and first quarter of 2006.
This news should make workers in technology feel confident about the job market and the demand employers have for highly skilled employees. With the need for strong industry experience in candidates offset by the shortage of talent, wages should remain very competitive in the fall and winter of 2006.
Although wages are up, hiring this year is predicted to be about half of what it was last year, up only 2.0% from 4.1% in 2005 according to Staffing Industry’s News Bulletin based on research from this study.
Posted by Christy H.