Technology Wages Increase in Second Quarter

PHILADELPHIA, August 16, 2004 – Wages for technology workers increased in the second quarter of 2004, compared to the same period in 2003, according to the Yoh Index of Technology Wages.

The second quarter survey signified that wages increased significantly in April and May, and slightly in June. Wage rates in Denver (8.9%) and Seattle (7.9%) showed a particularly sharp increase this quarter. Rochester (5.9%), San Francisco (4%) and Phoenix (2.2%) also experienced notable gains. Overall, the Yoh Index of Technology Wages ended the quarter at 108.68, when indexed to January 2001.

"The Yoh Index of Technology Wages is consistent with recent job data provided by the Bureau of Labor Statistics," said Jim Lanzalotto, Vice President of Strategy & Marketing for Yoh. "Given the increasing strength of the tech labor markets, we anticipate solid growth through the balance of 2004. We see the greatest potential in research & development, clinical research, and product development, where high impact professionals who possess domain information in multiple disciplines will be in high demand."

"The improvement in the technology job market over the past year has been dramatic," said Scot Melland, president and CEO of Dice Inc. "Given the increase in technology spending by corporations during 2004, we expect a steady improvement in the tech job market for at least the next 12-18 months."

About the Yoh Index of Technology Wages
The Yoh Index of Technology Wages is based on a quarterly sample of the temporary technology labor pool being utilized by more than 1,000 businesses in the aviation, engineering, IT, manufacturing, scientific, telecommunications and utility communities. This quarterly sample encompassed more than 5,000 technology workers. The Yoh Index of Technology Wages provides a unique barometer of the changes in employer demand and supply of technology talent nationwide. For more information please visit yoh.com/yohindex.