Confidence levels among engineers decreased in September through December of 2013 by nearly two points to 62.1. Still, the engineering sector holds the highest confidence levels out of all of the industries surveyed by Randstad.
According to a January U.S. News and World Report, engineering positions of all kinds are expected to increase over the next 12 months, with the sector anticipated to remain the number one in-demand job for 2014.
According to CareerBuilder, mechanical engineers were one of the most in-demand careers within the past year, with a growth rate of six percent since 2010. Other “hot” skill sets within the engineering space include control engineering, processes engineering and quality engineering, as reported on by Randstad in the 2014 Engineering Hot Jobs Report.
The Bureau of Labor Statistics anticipates a 19.7 percent employment growth rate for civil engineers alone between 2012 and 2022 and with engineers, in general, earning an average salary of $70-80,000, it’s easy to see why the talent in this space are the most confident out of all those industries surveyed by Randstad.
From the Desk of Richard Zambacca, President of Randstad Engineering
With the Bureau of Labor Statistics reporting a national unemployment rate of 6.6 percent—the lowest it’s been since the 2007–2008 recession—it’s interesting to put this in perspective as it relates to the engineering field. For instance, the unemployment rate for civil engineers is 3.4 percent—almost half that of the national unemployment rate.
Engineering workers have been in high demand throughout 2013, and our Index indicates that they had some of the strongest levels of optimism amongst all other workers this year. In all areas of engineering, but specifically civil, control, process and quality, we predict the need for talent will remain steady if not increase throughout 2014. Reporting the highest Employee Confidence Index out of all of those industries surveyed, engineering workers are confident in the future state of their employers and show no signs of job searching anytime soon.
A closer look at the findings:
This survey was conducted online within the United States by Harris Poll on behalf of Randstad Engineering among 4,138 adults ages 18 and older, of which 120 are employed in engineering. Data was collected September 9-11, October 8-10, November 6-8 and December 3-5, 2013. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact firstname.lastname@example.org.
About the Randstad Engineering Employment Report
This quarterly Randstad Engineering Employment Report provides a snapshot of the latest workforce trends among engineering professionals across the country. Three key indices are measured: the Engineering Job Security Index, which captures how likely respondents think it is that they will lose their job or that their job will be eliminated in the next 12 months; the Engineering Job Transition Index, which captures how likely respondents are to look for a new job in the next 12 months; and the Employee Confidence Index that measures employees’ overall confidence in the economy, their employer and their ability to find other employment.
The Employee Confidence Index is calculated from the results of four components that reflect these aspects of employee confidence. For each component item a ‘score’ is calculated by taking the difference of the percentage of positive responses and the percentage of negative responses. These four scores are then averaged to indicate an overall level of employee confidence and is then scaled from 0 (no confidence) to 100 (complete confidence). A reading above 50 indicates a positive confidence level.
About Randstad Engineering
Randstad Engineering has been matching our clients with the expert engineering and technical staff they need to help their companies succeed since 1988. With degreed engineers and expert technical recruiters on staff who understand the unique challenges of your industry, we work closely with you to realize your specific business goals by quickly connecting you with the expert professionals who will help you achieve them. Our extensive network of candidates—3 million engineers and other technical experts—means that no matter the skill, no matter the goal, we can quickly find the right person to get your job done. As experts powering business, we enable you not only to reach your immediate hiring goals but also to expand your business’ potential for long-term success.
For more information, please visit www.randstadengineering.com.