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The Engineer Salary Survey 2016
This year Matchtech partnered with well-respected industry magazine The Engineer to launch their 2016 Salary Survey. The survey offers valuable insight to the views of the engineering community today and provides an index to benchmark the industry’s progress over time.
Here are some of the key findings from the survey:
Around half of the engineers surveyed would describe themselves as happy in their jobs and fortunately over 80% expect to remain in the industry for the next five years. Interestingly, salaries did not seem to play a part in levels of job satisfaction, at least not in the way you would expect, with some of the lowest earning sector engineers actually reporting the highest levels of happiness – 56% of engineers in academia, for example, are satisfied in their jobs despite having the lowest average salary of engineers across 18 sectors.
Levels of job satisfaction also differ by region, with engineers in the South of England the most satisfied compared to those in Scotland, Wales and Northern Ireland who were less likely to say they were happy in their role.
From these findings, it is clear that job satisfaction is not only about salary, but about having valuable career prospects, a manageable workload and feeling valued in your job. Other factors also play a part in job satisfaction, such as how much paid holiday you are entitled to, what benefits you can receive and your likelihood of receiving a bonus.
The gender gap remains
Out of the 3,698 respondents, 6.5% were female. Whilst this figure was up by 1% from last year’s survey, the low number reflects how much work still needs to be done to encourage women into engineering.
The survey also highlighted the importance of retaining women in engineering – 10% less female than male respondents said that they expected to stay in the industry for the next five years. With women earning an average of 10% less than their male colleagues, the gender gap in salaries could well be another barrier in retaining women in engineering.
The workforce isn’t getting any younger
40% of the respondents said they were aged 50 or above, giving an indication of the average age of people working in engineering. This reflects an ageing workforce, who will leave a gap in knowledge and experience when they leave to retire over the next ten to fifteen years. Once more, the importance of securing a talent pipeline is highlighted. Despite the high level of investment being made in educating young people about the career opportunities available in engineering, it is clear that more needs to be done.
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