The field of engineering has experienced steady growth over the past few years and looks to continue this trend into 2014. Despite high unemployment in industrial and manufacturing sectors which has limited the need for engineers, the field of engineering as whole is facing a talent shortage. The number of jobs for the engineering field is projected to grow 10% from 2010 – 2020 (Bureau of Labor Statistics). Over the past few years we’ve seen the increase in demand for engineering jobs firsthand, just take a look at our available engineering jobs.
While the need for engineers is staying constant, the future supply of qualified engineers will be in higher demand. Legions of students enter universities each year choosing STEM fields as majors. Surprisingly, a whopping 48.3% of these students leave their programs to pursue non-STEM related fields. The result is a “leaky STEM pipeline” (The Information Technology and Innovation Foundation) to feeding the engineering demand in the marketplace.
In 2014, the field of engineering will continue to expand. Below, we explore the current and future conditions of Mechanical, Electrical and Industrial Engineering fields.
CareerBuilder listed Mechanical Engineering as one of the “Top Jobs of 2013”. This field has experienced a 6% growth rate since 2010 and is expected to grow 9% from 2010 to 2020 (Bureau of Labor Statistics). Mechanical Engineers are often referred to as the “general practitioners” of engineering because of their ability to work across various industries and a result of their diversity, the need for this field will continue to grow. The Bureau of Labor Statistics also reports that the median salary for a Mechanical Engineer is $78,160.
Like Mechanical Engineers, Electrical Engineers will experience a steady growth rate of 7% (Bureau of Labor Statistics). The Bureau of Labor Statistics also reports that the majority of electrical engineering growth will occur in engineering services firms. As companies look to decrease their costs in 2014, they will turn to service companies, like Sterling Engineering, to help provide them with the talent they need, on a consultative basis. While the growth rate for Electrical Engineer positions might be slightly less than other engineer positions, they will enjoy being on the high end of the engineering pay scale with a median salary of $87,920 (DiscoverE).
Given the versatile nature of their work and the industries which they work in, Industrial Engineers are very appealing to employers. The Bureau of Labor Statistics reports that this field is projected to grow slightly slower than others, at 6% from 2010-2020. They correlate this to the slowdown in manufacturing as many Industrial Engineers are employed in this industry. The median salary for an Industrial Engineer in 2014 is expected to be $78,860 (DiscoverE).
In 2014, companies looking for engineering talent have a couple options.
The first is to recruit the talent yourself by investing in hiring employees accountable to recruiting and hiring the best engineering talent available.
The second is to contract with an engineering services firm to provide the recruiting engine the help they need to meet their goals. This option saves money on the bottom line (compared to option 1) while simultaneously gaining access to in-demand engineering talent. When choosing a company to partner with, consider their knowledge and experience in the engineering field.
Working with a company like Sterling Engineering ensures that you are getting experts in the field of recruiting engineering professionals. Click here to learn more about how Sterling excels in delivering engineering expertise and strategic talent solutions to their clients. Whether you’re looking for a contract, permanent or contract-to-hire consultant, Sterling can help find the right engineering professional for your role.
If you are looking for an engineering position in 2014, check out Sterling’s open jobs and apply here!
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