Wages continue climbing in Q3

The Q3 Yoh Index of Technology Wages, released today, says hourly pay for highly skilled technology professionals rose nearly 6 percent in the third quarter of 2007, when compared to the same period in 2006. The salaries also slightly trail all-time highs set in the first quarter of this year.

These numbers are good, but what do they mean? Essentially, demand is still sky-high. If you have the right skill sets, experience and certifications in hot markets such as SAP, business intelligence, .NET, Java and project management, you’ve got solid opportunities in front of you.

Same goes for biostatisticians, clinical researchers, civil engineers and several other jobs most in demand nationwide. (See the full report for details.)

However, while the IT job outlook looks positive into 2008, keep your eye on the talent pipeline. Tech industries need to develop incentives for students to seek degrees in math, computer science and engineering.

That way, related fields can avoid a significant loss of IT skills and qualified professionals, and perhaps even stem the current talent shortage.

That’s it for now on Q3. Want to be first on the list to find out about next quarter’s wages? Then subscribe online!

Posted by Jim L.