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Supply and demand sees advertised engineering salaries growing

The number of jobs advertised in the engineering sector grew by 16% in 2017. And advertised salaries rose faster than any other sector, according to data published by recruitment specialist Reed Engineering. In particular, design manager positions saw salaries increase by 8%, compared to the national average of 2.3%.

According to Reed, engineering businesses are advertising – and willing to pay – higher rates to secure new talent than they have in the past – and this increase in advertised salaries is outstripping all other industries.

It’s a supply and demand issue. The shortage of engineering skills has been well documented and, in times of shortage, prices go up.

Mark Blay, divisional manager of Reed Engineering, says: “Engineering is leading the way in AI and robotics and this is having a major impact on the sector.

“While there is unprecedented change created by this shift in technology, companies and candidates know that, where there is change, there is always opportunity. Businesses, whether they are small or large, need people that can design, operate and improve these technologies – even more than they need the technology itself.

“During 2018, those companies which are struggling to attract the right talent will need be ready to increase the salaries they offer.”

Author
Graham Pitcher

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