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How’s the Engineering Job Market? Depends on Whom You Ask.

How’s the Engineering Job Market? Depends on Whom You Ask.

By Jeffrey Quinn
Vice President of Monster’s Global Insights

 How’s the Engineering Job Market? Depends on Whom You Ask.
 

Engineering professionals are among the most satisfied workers, but lack confidence in their job prospects, new survey results from Monster.com suggest, a perception that is at odds with what employers are reporting.

Among employed job seekers, engineers expressed the greatest satisfaction with all aspects of their job (42%), edging out finance and healthcare respondents. Despite these high levels of satisfaction, engineers believe they face some challenges in the job market:
  • Over one-half (57%) state that the job market is saturated with qualified talent.
  • Only 37% agree that employers are willing to provide the time and training to support a job.
  • Only 27% agree that employers are willing to provide higher compensation than 12 months ago.
  • Only 11% are extremely confident they could find a new job in the next year.
However, the employer perspective is quite different. According to a recent Monster survey of employers recruiting for engineering talent, a majority (73%) reported they were likely to hire this year, yet less than one-half (39%) were confident in staffing all their engineering job opportunities due to a lack of qualified candidates, highly specialized job requirements and non-competitive salaries.

The marked contrast in engineering job market perceptions of job seekers versus employers is curious. Enterprising seekers might take advantage of these dynamics, if many other potential employees are largely sitting on the sidelines.

Monster’s study “U.S. Workforce Talent” surveyed nearly 6,000 job seekers who are currently employed or desire employment in the next 12 months via an online survey. The study was designed to be inclusive of all Monster job seekers who have actively used their My Monster account over the past 3 years. The survey ran from Jan. 14, 2013 to Feb. 18, 2013.

The top occupations within the engineering field include industrial, mechanical, and electrical engineers especially in cities such as Houston, New York, and San Diego.

For a full copy of the survey, visit the Monster Resource Center.

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