Communications of the ACM
Engineers Confront the Rising Tide of Job, Economic Fears
The 2008 Annual EE Times Salary Survey presents a seeming paradox. At the same time that engineers all over the world are concerned about their job security and future compensation levels, they are also still clearly satisfied with their careers in engineering. More than two-thirds were satisfied not only with their career but also with their employers and nearly 90% were either "very satisfied" or "somewhat satisfied" with the engineering profession. The article examines how factors such as globalization and outsourcing are eroding confidence among engineers through their impact on staffing levels, compensation and job security.
Consistently, 70% and above of the engineers responding to the EE Times survey say they "are satisfied with my career," believe "my situation is as good as or better than other professionals" and that "my company gives us a good place to work." Even though they grumble that society does not appear to respect engineers like it once did, engineers are generally not looking to relocate from their home countries in search of opportunities elsewhere. Moreover, annual compensation packages are rising across the profession. Nearly 65% of the North American engineers who took the EE Times survey said they earned $100,000 or more in the last year while 23% reported total compensation packages of $70,000 to $99,999 per year.
From TechCareers
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