Tech Wages Drop After All-Time Highs in 2007
After hitting all-time highs in 2007, tech wages drop in the first quarter of 2008. So says the Q1 Yoh Index of Technology Wages, which we released just yesterday. First quarter wages for tech professionals dropped both year-over-year, and in comparison to those recorded in the final months of 2007, doing little, I’m sure, to boost your confidence in the economy.
And while this report does seem to paint a bleak picture, all hope is not lost. We’re still seeing pockets of strength in the tech sector, especially in SAP, Oracle, security and product development, and software and hardware engineering. Plus, the wage drop in March was not as severe as in earlier months, so hopefully that’s an indication that wages are once again on the rise.
Posted by Jim L.