Considering the current unprecedented economic conditions, it is no surprise that respondents to the 2009 EE—Evaluation Engineering Salary Survey ranked job security as the number-one career issue, up from third place last year. Though most survey takers said they feel somewhat secure in their jobs, the rising tide of unemployment and fiscal uncertainty seems to be washing over them.
More than 1,100 readers took part in this year’s salary survey. The median age of the respondents was 50 years, and the median salary was $85,000, an increase of $4,000 from last year.
A pat on the back can go a long way. Many engineers who were interviewed for the 2007 EE-Evaluation Engineering Salary Survey said that although salary is important, being recognized for their engineering contributions is just as significant. Others said the love of engineering negates any inequalities in salary.
Is the electronics industry on the road to an economic recovery? Our annual salary survey seems to indicate itï¿½s true.
There was a time when a 5% salary increase was considered standard, even ordinary. With the advent of the 21st century, everything changed. For the last several years, the electronics industry has seen little or no salary increases. But what a difference a year makes.
Maybe the word isnï¿½t all good, but our readers are somewhat hopeful that the recent bad times in the electronics industry are subsiding.
The current soft economy has left many people uncertain about whether or not the bad times are really over. Is this the end of downsizing? When will there be salary increases again? Will jobs continue to go overseas? Will the company still be viable in the coming years? Respondents to the 2004 EE-Evaluation Engineering Salary Survey pondered these questions and offered insight on what appears to have been a questionable past year for the electronics industry.
Alex Rodriguez plays shortstop and hits the baseball for the Texas Rangers and has a 10- year contract worth $25,200,000 annually. Derek Jeter plays shortstop too, but the New York Yankees will pay him only $18,900,000 this year. Is Rodriguez worth $6,300,000 more than Jeter?
Readers Share Their Experiences
The electronics industry offers workers innovative and cutting-edge opportunities, yet with rapidly changing technology comes the demand to keep up with new information and trends. Most readers who responded to EE's Salary Survey said they must continuously sharpen their work skills to remain competitive in the job market, get salary increases, and maintain job security.