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Report: Engineers Doing More with Less
The latest Pulse of Engineering study from IEEE GlobalSpec, which offers insight into the mindset of engineers worldwide, finds the pace of engineering is accelerating while engineers are tasked to do more with less.
According to the research, designs are becoming more complex as design cycles continue to shrink, the engineering workforce is getting older, the pressure to get products to market faster continues to grow, and the demand for qualified engineers is exceeding supply, putting a strain on the existing workforce.
In addition, according to the report, the lack of the ability to find talent on short notice has become a significant challenge. Firms are losing specialized knowledge faster than they can replace it while fewer new hires are coming on board.
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Other key findings from IEEE GlobalSpec’s Pulse of Engineering study include:
• 25% indicate they’d consider leaving, citing the appeal of new challenges and more appreciation, plus desire for promotion and increased compensation.
• 43% say that technology is improving productivity.
• 55% percent say they’re required to do more with less.
• 68% are working on three or more projects simultaneously.
• 77% of engineers frequently or always meet customer service and satisfaction targets.
• More than 50% of the 1,500 engineers and technical professionals surveyed across the U.S. and around the world state the number of competitors is growing.
• 4 most effective ways that engineers maintain and advance their professional skills are colleagues, books, technical white papers and training provided by vendors.
Source: IEEE GlobalSpec’s Pulse of Engineering study, globalspec.com/advertising/trends-wp/2017_PulseofEngineering
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