CMP Media's EE Times Annual Salary & Opinion Survey Sees Significant Increase in US Engineers' Salary, but Outsourcing is Major ConcernPRNewswire-FirstCall CMP Media's EE Times, the premier electronics-industry news source, reports a significant increase in the average base salary of US engineers and managers in its annual Salary & Opinion Survey. The results of this study, which surveyed more than 1,464 U.S. engineers and 472 European engineers, appeared in the August 30 special issue of EE Times and online at http://www.eet.com/salarysurvey/2004. According to the 2004 Salary & Opinion Survey, annual salaries increased 8.4% in 2004 to $96,400 compared to $88,900 in 2003. But while 23% see more hiring at their companies than in recent years and 45% describe their current projects as "understaffed," outsourcing is a major source of concern for engineers and managers. 64% of those surveyed perceive more work being sent overseas, and 79% maintain that more quality assurance steps need to be taken when assessing the outsourced work. "The nature of that outsourced work is changing," says Brian Fuller, EE Times Editor-in-Chief. "Engineers told us that they see a greater percentage of high end software and hardware design being done outside the U.S. While half of those surveyed agreed that outsourcing saves money, only a marginal percentage thought it improved quality." Not surprisingly, the economy was the foremost issue on engineers' minds in this election year; although, 48% of those surveyed preferred George Bush as president as opposed to 40% supporting John Kerry. This extensive study reports engineer's salary by job function, geographical region, age, company size, work experience, educational background, even by marital status. Data is also compiled on job satisfaction, including job security, career aspirations as well as how engineers feel about their own job, their employer and their profession. Another aspect of this annual study is to track, engineers' opinions of key technologies, from System-on-Chip to Linux to 3G wireless technology; predicting which ones will reach broad acceptance, become niche or flop. To read the special issue online with additional graphs illustrating data from the survey, visit http://www.eet.com/salarysurvey/2004/. About EE Times EE Times (http://www.eet.com/) is the premier technology and business newsweekly serving the information needs of 150,000* U.S. engineers and technical managers. Together with EE Times Asia and China editions, EE Times print editions reach more than 200,000** electronics professionals worldwide. EE Times' Network includes local language online editions EETAsia.com, EETChina.com, EETKorea.com, EETTaiwan.com, EETUK.com, EETimes.de and EETimes.fr. The EE Times Network also has specialized online web sites such as eeProductCenter.com, CommsDesign.com, EEdesign.com, Embedded.com, and Planet Analog, averaging more than six million page views and reaching more than one million unique visitors each month.** CMP Media LLC, headquartered in Manhasset, NY, publishes EE Times and the EE Times Network. About CMP Media CMP Media LLC (http://www.cmp.com/) is a leading integrated media company providing essential information and marketing services to the entire technology spectrum-the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, and research, direct marketing services, education and training, trade shows and conferences, and custom publishing. * Source: December 2003 BPA statement ** Source: Publisher's own data For more information contact: Libby O'Connell Marketing Coordinator, EE Times 415-947-6669 SOURCE: CMP Media LLC CONTACT: Libby O'Connell, Marketing Coordinator, EE Times, Web site: http://www.cmp.com/ Company News On-Call: http://www.prnewswire.com/comp/181993.html |