I agree, Beth. Through this recession, Silicon Valley companies have continued to compete for engineers. That's probably why Lauren's reporting reveals that the highest paid engineers are in the West. Mark Zukerbeg recently noted that finding a sufficient number of talented engineers was Facebook's number one challenge.
I think all the talk about the shortage of engineers and the focus on upping the emphasis on the curriculum in schools and universities definitely brings interest and prestige to the field. Compared to a lot of other areas that have radically changed over the last few years, engineering has probably fared pretty well.
I agree with the comment and the parameters are strictly related to their money and satisfaction in their career instead of taking in other sources. But the information we collected shows people with the highest salaries are the most satisfied. Also, be sure to check out the whole salary survey (you can find the link on pg 3 of this story) because it shows what factors contribute to job satisfaction and contains tons of more great info.
Dave, you are right, the parameters for satisfaction is not yet cleared. If salary is the only parameter, then higher salary or take home can make majority satisfied. If we are considering the other factors like work challenges, facilities, perks, work culture and environment, reporting structure etc, then the satisfaction level may come down further.
Lauren, during a financial year I used to participate 2-3 times for similar salary & satisfaction survey with different agencies. In all the cases, they asked for "are you satsfied with the current employment", we can select either satsfied, not satisfies or no comment. This answers are very blind because they had not defiend the parameters for satsfaction.
So far everything is fine with my company but the recent economic slowdown in EU may affect our business and in an unpredicted situation.
I agree, Dave. Money affects satisfaction only to the point that you're out from behind the 8 Ball ($75,000 as you say). After that it's the quality of how you spend your day, your family relations, belonging to a positive community. I think design engineers show their greatest level of satisfaction when 83 percent recommend their profession to their children. That's big.
A couple of years ago, a study showed that money buys happiness, up to about $75,000 a year. Beyond that point, additional money didn't result in additional happiness. It did, however, result in additional satisfaction. (In this study, "happiness" meant feeling happy on a day to day basis, while "satisfaction" meant having a sense that your life is going as well as it possibly can).
Yes, 83 percent saying they would recommend engineering to a son or daughter is very impressive. I would imagine that comes from a combination of factors: pay, ability to find a new job if necessary, satisfaction with the work, security. The longevity of the engineering positions says a good deal about security. I would imagine it also helps that there is a perceived (and probably real) shortage of engineers in the United States.
That is an encouraging sign. I could be wrong, but I believe the respondents to salary surveys going back as early as last year said they would tell their children to run in the other direction, screaming, rather than join the profession. Of course, that could be said for any profession.
Last year at Hannover Fair, lots of people were talking about Industry 4.0. This is a concept that seems to have a different name in every region. I’ve been referring to it as the Industrial Internet of Things (IIoT), not to be confused with the plain old Internet of Things (IoT). Others refer to it as the Connected Industry, the smart factory concept, M2M, data extraction, and so on.
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