As we enter the second half of 2017, many IC engineers are getting back from summer vacation and wondering how the job market looks for the rest of the year. Less than half of engineers in the country feel satisfied at the current role. This leads from the belief that three may be an alternative career opportunity that will be have a more competitive salary or with better health care benefits. The good news for engineers is that technology jobs dominate the best available jobs in America, so regardless of the job numbers, you should have available work. Here are a few valuable facts:
Hardware Engineer was ranked number 30 out of the top 50 best jobs in America, according to a survey by glassdoor.com for 2017 based on job satisfaction, median base salary, and number of current openings
According to the Bureau of Labor Statistics, the job outlook for Computer Hardware Engineers building and testing computer models for high-tech manufacturing firms is expected to grow over the next 7 years by about 3%. Much slower than usual.
Austin, TX is an absolute boom town for electronics engineering jobs at the current moment with a nearly as great demand for electrical engineers in San Diego, CA. If you’ve been considering relocating for a new engineering position, these are two areas to look into strongly.
Nearly 3 out of every 4 hiring managers are likely to hire this year, however finding talent is a big issue.
When we consider all these numbers, we must ask, what does the supply look like? A commonly accepted thought is that Engineering Companies in America are not finding adequately qualified engineers. Technology jobs, as previously mentioned, have been growing the past couple of years very slowly, however the technology job market numbers are a little “off” as the lack of high demand skill sets actually inhibits growth.
So does the IC marketing have enough engineers and not able to spend time finding them or are we in a talent shortage? Our educated belief is that there are indeed more engineering jobs open currently in the US than there are engineers to fill them.
Talent Shortage Solutions
There is a two part solution to the current engineering jobs market that can sooth the current engineering talent shortage: Companies should invest more capital in on the job training, and secondly, get better at finding good engineers. Finding good engineers is a long and painstaking process and can be done a number of ways:
- Make things engineers like
- Bring Engineers into the Fold
- Network Like Mad
- Create Cool Social Events for Engineers
- Find a Good Recruitment Firm
If you are a candidate looking for a better career in the power management IC or related spaces, these same solutions can work for you in finding your next dream job. A good recruitment firm is one that understands two industries, the power semiconductor industry and the recruitment industry. At Charles Brown Recruitment we utilize all the above talent acquisition strategies in order to create an efficient recruitment process that works for everyone. We encourage you to reach out to us for your recruitment strategy or to help you advance your career in the power semiconductor marketplace.