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Engineering Workers' Confidence Dipped Slightly In the First Quarter



     Engineering Workers' Confidence Dipped Slightly In the First Quarter

PR Newswire

ATLANTA, May 6, 2013

ATLANTA, May 6, 2013 /PRNewswire/ -- The Randstad Engineering Employee
Confidence Index, a measure of overall confidence among U.S. engineers, dipped
slightly in the first quarter of 2013 to 54.9, falling 2.9 points. The
quarterly study, conducted online by Harris Interactive on behalf of Randstad
Engineering, surveyed 112 U.S. workers employed in the engineering industry in
January, February and March of 2013. This quarter's survey found declining
employee sentiments regarding the strength of the economy and their ability to
find employment, but more workers are feeling secure in their current jobs.
Also, engineering professionals had the highest employee confidence levels
among all industries tracked by Randstad, including IT, administrative and
clerical, manufacturing, healthcare and finance and accounting.

"Although the Engineering Employee Confidence Index contracted slightly in the
first quarter of 2013, demand for engineers remains high, especially in the
civil, environmental, petroleum and computer disciplines," said Richard
Zambacca, president of Randstad Engineering. "In fact, the engineering field
is looking so positive that a recent U.S. News and World Report article
heralded engineering as the new 'it' degree. According to the report, while
the unemployment rate for people with bachelor's degrees was 3.9 percent in
December 2012, the rate for engineers was 2.0 percent.

"One promising sector is civil engineering, which is buoyed by a boom in new
construction and the need to update the nation's aging infrastructure. The
Bureau of Labor Statistics estimates the current population of about 263,000
civil engineers across the nation will grow 19 percent by 2020."

Q1 2013, Survey Highlights:

Engineering Workers' Confidence In the Economy Drops in the First Quarter

  o Just over one-in-four (26 percent) engineering professionals believe the
    economy is getting stronger, a considerable drop from 34 percent in the
    fourth quarter of 2012.

Engineers Less Optimistic About Job Availability

  o Just over one-in-five (21 percent) engineering workers believe that more
    jobs are available, representing a decline of two percentage points from
    the fourth quarter of 2012. Nearly half (47 percent) of engineering
    workers believe fewer jobs are available this quarter.

Drop in Engineers' Confidence in Ability to Find New Jobs; Majority Remain
Optimistic

  o Just over half (51 percent) of engineers feel confident in their ability
    to find a new job. While still a majority, this represents a decline from
    59 percent in the fourth quarter of 2012.

Worker Sentiment about Job Security Remains Strong

  o Seventy-three percent of engineers report they are not likely to lose
    their jobs over the next 12 months. This is a slight improvement from
    2012's fourth quarter reading of 68 percent.

Slightly Fewer Engineers Likely to Search for New Employment

  o Nearly four-in-ten (36 percent) engineers say they are likely to look for
    a new job within the next 12 months, a slight decrease of two percentage
    points from the fourth quarter of 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 January 14-16, February
11-13, and March 5-7, 2013, among 3,631 ages 18 and older, of which 112 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 $22.0 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
29,300 corporate employees and around 4,500 branches and inhouse locations in
39 countries around the world. Founded in 1960 and headquartered in Diemen,
the Netherlands, Randstad Holding nv is listed on the NYSE Euronext Amsterdam.

Learn more at www.randstad.com and access Randstad's panoramic US thought
leadership knowledge center through its Workforce360 site that offers valuable
insight into the latest economic indicators and HR trends shaping the world of
work.

                                                                

SOURCE Randstad Engineering

Website: http://www.randstad.com
Contact: Marie Difrancesco, (212) 798-9835, marie.difrancesco@cohnwolfe.com,
or Lesly Cardec, (954) 308-6302, lesly.cardec@randstadusa.com
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