CMP Media's EE Times' Salary and Opinion Survey Spotlights the Highs and Lows Of Today's Economy
After averaging an increase of $3,820 a year for the past five years, engineering salaries were as flat as the proverbial pancake in 2001. EE Times, the industry news source for engineers and technical managers, reports an average salary of $82,900, a meager $100 increase from the year before.
Global in scope and reach, this year's EE Times 2001 "Salary & Opinion Survey," in cooperation with sister publications EE Times Asia and Electronics Times in the UK, sampled engineers' salaries, opinions and attitudes in the U.S., Europe, Japan and ten Asia countries. This annual study is the high-technology industry's benchmark for measuring compensation, confidence and engineering trends within the design engineering and management ranks at the world's top chip, computer and communications companies.
This research provides the most comprehensive and detailed picture to date of the fate of engineers since the bursting of the "dot.com" bubble earlier this year and the tragic attacks on September 11th. "It's hard times for a whole generation of engineers who until this year had only seen the booming, go-go phase of the high technology business cycle," said Richard Wallace, VP/editorial director for EE Times. The numbers bear out the pessimism, with growth in staff engineering salaries recording their first decline in ten years. Overall, salaries eked out small year-to-year increases, with engineering managers seeing the lion's share of growth -- widening the gap between staff and management compensation.
On the bright side, average engineering-management salaries broke through the $100,000 mark for the first time in the U.S. In Japan, where engineering salaries are also feeling the squeeze, average salaries are substantially less; and in China -- a nation poised to take its place in the new world order of high technology -- engineers earn a meager $7,000 a year, compared with $22,700 in Taiwan, $20,500 in Korea and $16,600 throughout the rest of Asia.
U.S. engineers review today's emerging technologies and forecast which will succeed and which will flop. U.S. engineers reveal high job satisfaction, yet as layoffs mount and the economy falters, job security has become a major concern.
In another first, this year's EE Times "Salary & Opinion Survey" is available online, where it includes exclusive articles written for the Web only. It features interviews by Nick "Ask the Headhunter" Corcodilos, an EE Times contributing editor, with some of the top engineer-mentors from the popular EE Times Mentor Board, where student engineers and working professionals get together to give and get career advice.
At http://www.theworkcircuit.com/, EE Times' online career community for engineers, the Salary Survey goes interactive with a series of chat boards and exclusive articles covering the full spectrum of engineering employment issues. And in a special College Survey, students grade the performance of the U.S. education system and share their outlook as they begin their careers.
EE Times is a technology and business newsweekly serving the information needs of more than 160,000 engineers and technical managers. EE Times.com and its online communities, such as The Work Circuit, average nearly 400,000 unique visitors and 1.5 million page views each month. The EE Times Network is published by CMP Media LLC, headquartered based in Manhasset, NY.
CMP Media LLC (http://www.cmp.com/) is a leading high-tech 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, research, direct marketing services, education and training, trade shows and conferences, custom publishing, testing and consulting.
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Contact: Steve Paul, Director of Marketing of EE Times, +1-781-839-1326, or email@example.com