Engineering Workers Confident in Economy, But Concerned About Jobs

      Engineering Workers Confident in Economy, But Concerned About Jobs

PR Newswire

ATLANTA, Feb. 7, 2013

ATLANTA, Feb.7, 2013 /PRNewswire/ --The Randstad Engineering Employee
Confidence Index, a measure of overall confidence among U.S. engineers,
bounced back in the fourth quarter of 2012 to 57.8, increasing by 3.4 points.
This marks the first increase in the past three quarters of 2012. The
quarterly study, conducted by Harris Interactive on behalf of Randstad
Engineering, surveyed 196 U.S. workers employed in the engineering industry in
October, November and December of 2012. This quarter finds improving
sentiments about the overall economy and in engineers' confidence in their
ability to find a new job. However, fewer engineering professionals believe
more jobs are available this quarter.

"Modest recoveries within industry sectors in which engineers play a pivotal
role, including manufacturing, are helping to revitalize job growth for the
profession and improving confidence levels among engineering workers," said
Richard Zambacca, president of Randstad Engineering. "In fact, our Index this
quarter reflects growing confidence among engineers in the overall strength of
the economy, but also the future of their current employer and ability to find
a new job. A persistent area of concern for engineers is in the availability
of jobs, which declined further in our index this quarter. However, as is the
case with many other fields, certain positions within the industry are
estimated to grow aggressively in the long and short-term. Industrial
engineers and electrical/hardware engineers have demonstrated steady growth in
the past year. Additionally, the trade group Institute of Electrical and
Electronics Engineers indicates that one of the fastest growing areas will be
in the service industry, such as consulting firms that provide engineering
expertise."

Q4, 2012 Survey Highlights:

Engineering Workers Feel More Confident About the Strength of Economy

  oMore than one-third (34 percent) of engineering professionals believe the
    economy is getting stronger, an increase from 29 percent in Q3 2012. 

Fewer Engineers Confident in Job Availability

  oLess than one-quarter (23 percent) of engineering workers believe that
    more jobs are available, representing a decline of four percentage points
    from the third quarter 2012. Nearly half (42 percent) of engineering
    workers believe fewer jobs are available this quarter.

Majority of Engineers Remain Confident in Ability to Find a New Job

  oNearly six-in-ten (59 percent) engineers feel confident in their ability
    to find a new job—an improvement from 53 percent in the third quarter of
    2012.

Worker Sentiment about Job Security Remains Strong

  oSixty-eight percent of engineers report they are not likely to lose their
    jobs over the next 12 months. This is a slight decline from 74 percent
    indicating so in the third quarter.

Slightly More Engineers Likely to Search for New Employment

  oNearly four-in-ten (38 percent) of engineers say they are likely to look
    for a new job within the next 12 months, a rise of six percentage points
    from third quarter 2012.

To view the latest quarterly trends report, click here.

Survey Methodology
This survey was conducted online within the United States by Harris
Interactive on behalf of Randstad Engineering from October 8-10, November
12-14, and December 11-13, 2012, among 4,738 ages 18 and older, of which 196
are employed in engineering. This online survey is not based on a probability
sample and therefore no estimate of theoretical sampling error can be
calculated. For complete survey methodology, including weighting variables,
please contact Lesly.cardec@randstadusa.com.

About Randstad Engineering
Randstad Engineering has been matching clients with the expert engineering and
technical staff needed to help their companies succeed since 1988. With
degreed engineers and expert technical recruiters on staff who understand the
unique challenges of your industry, Randstad Engineering partners with
companies on their specific business goals by quickly connecting them with the
expert professionals to help achieve them. With an extensive network of three
million engineers and other technical experts—Randstad Engineering has the
right talent to get the job done.

About Randstad
Randstad is a $22.5 billion global provider of HR services and the second
largest staffing organization in the world. From temporary staffing to
permanent placement to inhouse, professionals, search & selection, and HR
Solutions, Randstad holds top positions around the world and has approximately
28,700 corporate employees working from its nearly 4,700 branches and inhouse
locations in 40 countries. Founded in 1960 and headquartered in Diemen, the
Netherlands, Randstad Holding nv is listed on the NYSE Euronext Amsterdam.
Learn more at http://www.randstad.com.

SOURCE Randstad

Website: http://www.randstad.com
Contact: Rebecca Holton, +1-404-870-6834, rebecca.holton@mslgroup.com, or
Lesly Cardec, +1-954-308-6302, lesly.cardec@randstadusa.com
 
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