Engineers Enter 2014 with Higher Confidence Levels
ATLANTA, May 22, 2014 /PRNewswire/ -- The Randstad Engineering Employee Confidence Index, a measure of overall confidence among U.S. engineers, rebounded slightly in the first quarter of 2014, increasing from 62.0 to 63.6. The online survey, conducted by Harris Poll on behalf of Randstad Engineering among 116 employed U.S. engineers (ages 18+), showed a high level of confidence in workers' ability to find a new job and in their own personal job security. In fact, more than eight-in-10 (84%) engineers reported it was not likely they would lose their job in the next 12 months. The survey was conducted in January, February and March of this year.
"The high confidence level among engineers in the market overall is certainly in-line with what we are seeing within our own business," said Richard Zambacca, President of Randstad Engineering. "Engineers are among the most sought-after talent in the market, across all boards and no matter the discipline. In fact, according to the National Association of Colleges and Employers (NACE), the job market looks very promising for 2014 graduates. Employers focused on hiring new engineering grads plan to hire 7.8 percent more this year."
Furthermore, the Bureau of Labor Statistics has projected tremendous growth for the sector through 2018, with civil engineers expected to add more than 114,600 new positions, industrial engineers adding 85,400 and mechanical engineers increasing by 75,000 new jobs.
Q1 2014 Survey Highlights:
Engineers' Confidence in Ability to Find New Jobs Continues to Rise
- The clear majority (66%) of engineers feel confident in their ability to find a new job, representing a seven percentage point increase from the fourth quarter of last year.
Job Security Remains High Among Engineering Workers
- Eighty-four percent of engineers indicate they are not likely to lose their jobs over the next 12 months, a slight increase from 82 percent in Q4 2013.
Slightly More Engineers Plan on Searching for New Jobs
- Roughly three-in-10 (29%) engineers reported they are likely to look for a new job within the next 12 months versus 28 percent in the fourth quarter of 2013.
This survey was conducted online within the United States by Harris Poll on behalf of Randstad Engineering from January 6-8, February 3-5 and March 3-5, 2014 among 3,210 adults ages 18 and older, of which 116 are employed in engineering. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact firstname.lastname@example.org.
About Randstad Engineering
Randstad Engineering has been matching our clients with the expert engineering and technical staff they need to help their companies succeed since 1988. With degreed engineers and expert technical recruiters on staff who understand the unique challenges of your industry, we work closely with you to realize your specific business goals by quickly connecting you with the expert professionals who will help you achieve them. Our extensive network of candidates—3 million engineers and other technical experts—means that no matter the skill, no matter the goal, we can quickly find the right person to get your job done. As experts powering business, we enable you not only to reach your immediate hiring goals but also to expand your business' potential for long-term success.
About Randstad US
Randstad US is a wholly owned subsidiary of Randstad Holding nv, a $22.0 billion global provider of HR services. As the third largest staffing organization in the U.S., Randstad holds top positions in permanent placement, office and administrative, IT and accounting and finance. From professional services, commercial staffing, recruitment process outsourcing, to managed services and more, Randstad delivers a comprehensive range of temporary, temporary-to-hire, permanent placement and outsourced placement services. With its 5,324 employment experts, Randstad puts an average of approximately 100,000 people to work in the U.S. each week, through its network of nearly 1,000 branches and client-dedicated locations.
Learn more at www.randstadusa.com and access Randstad's panoramic U.S. thought leadership knowledge center through its Workforce360 site that offers valuable insight into the latest economic indicators and HR trends shaping the world of work.
SOURCE Randstad Engineering