ATLANTA, Nov. 27, 2012 /PRNewswire/ -- The Randstad Engineering Employee Confidence Index, a measure of overall confidence among U.S. engineers, was 54.4 in the third quarter of 2012—a decrease of 4.6 points from last quarter and the second consecutive decline this year. The quarterly report, conducted by Harris Interactive on behalf of Randstad Engineering, surveyed 146 workers employed in the engineering industry. This quarter's findings reflect further skepticism among engineering workers about the overall economy and in the availability of jobs. At the same time, feelings towards their own job security remained strong.
"Despite the relative positive outlook for the engineering field, it appears professionals in this industry may have been impacted by negative news surrounding the employment situation and economic conditions abroad, especially in Europe," said Richard Zambacca, president of Randstad Engineering. "This diminished optimism is reflected in this quarter's findings, specifically the fact that half of the engineers' surveyed feel there are fewer jobs available and indicate they are not likely to look for a new job in the next 12 months. However, it is important to note that more workers feel secure in their positions than in the second quarter. Despite this drop in confidence, the sector is poised for growth and projected to hire at rates faster than many other industries. Contributing to the high demand for these skills is a lack of experienced, licensed engineers in the market. In fact, the National Society of Professional Engineers states that only about 20 percent of those who graduate with a B.S. in engineering in the U.S. go on to become licensed professional engineers. As more funding becomes available, and construction budgets open up, the job market for highly-skilled engineers will become even more competitive."
Q3, 2012 Survey Highlights:Engineering Workers Growing More Concerned About the Strength of Economy
- Only 29 percent of engineering professionals believe the economy is getting stronger, a decline from 38 percent in Q2 2012. At the same time, 48 percent believe the economy is getting weaker (versus 38 percent in the second quarter).