Market Research Report Details Engineering Sector Salaries

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21st August 2012 14:50 - Engineering

A survey carried out by Michael Page Engineering and Manufacturing suggests that salaries and headcount in the UK engineering sector will increase in 2012.

Over half (54.4%) of respondents expected staff numbers to increase in the coming year, with a further 28.9% expecting them to remain stable. Only 16.7% of respondents felt they would need to let staff leave in the twelve months from early 2012. Even more positively, over three quarters of those who completed the survey (77.2%) said that they anticipated paying bonuses or increasing salaries in the next year. Less than 1 in 10 (7%) said they did not, whilst the remainder were unsure.

The survey also found that technical ability was not considered as valuable as a potential recruits team skills by the majority of respondents. When asked whether they would rather hire the most technically capable candidate or the candidate who is best aligned to the team’s values, around 9 in 10 (88%) opted for the latter option. In terms of the most important method for holding on to the talent companies have already recruited, promotion opportunities (32%), benefits packages (23%) and salary increases (21%) were considered the most effective. Transparent communication strategies (15%) and flexible working (9%) were also mentioned.

These figures were taken from the Michael Page Engineering and Manufacturing “2012 Salary and Market Insight Report”.

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