Which engineers in the electronics industry are the most highly paid? The Salary Report 2019 from Interconsult gives an insight into this.
Since 1982, Interconsult has published an annual comparison of salaries for the high-tech industry, which shows the salaries in individual sectors. It is drawn up in January and February of the particular year. This year, it is based on information from 146 companies, 131 manufacturers and 15 distributors.
An interesting question every time is which sector has received the biggest pay increase. Last year, “Active Components” were still well ahead. This time, ASIC engineers just beat them (+ 4.4 percent) with a 4.6 percent increase. Employees in the other sectors earned between 2.8 percent and 3.8 percent more. The good economic climate made this possible. Many companies, especially those in the automation and medical electronics sectors, had an extremely successful year. Only the much-cited shortage of specialist staff prevented many companies from achieving even better results.
In many areas, unrestricted optimism has given way to increasing caution. The conflicts between the U.S. and China, fears of customs duties in the automotive industry and the Brexit chaos are all putting a dampener on the positive outlook.
Companies are optimistically preparing for new scenarios. Major investments are being put off for the moment. New appointments are also affected, but this does not mean that they have stopped altogether. However, this caution is not yet affecting salaries. After all, companies that leave vacancies unfilled have to keep the existing workforce happy.
Technically competent sales engineers are still desperately needed. They are able to deal with customers without the backing of an additional application engineer. There is also a trend towards customer-specific solutions, which means that the requirements as regards employees’ technical skills have increased significantly.
However, not just companies are increasingly showing caution when it comes to job appointments. Potential applicants too are reluctant to change jobs in economically uncertain times. After all, many conventional methods for making job cuts are still based on the Lifo method (last in first out).
More money in spite of poor economic conditions
According to the Salary Report, employees can still expect pay increases in spite of the slowing economy. What is more, income is no longer the absolute priority. Co-determination rights, home offices and recognition are playing increasingly important roles.
At the same time of course, employees should use their performance as an argument for increased pay. Ultimately, losing top performers costs companies a great deal of money. However, companies may prefer to get rid of employees who make excessively high demands when it comes to a pay increase. Having said that, between seven and ten percent more money should be possible depending on the particular post.
Salary Report – Electronics Industry 2019
Interconsult’s Salary Report 2019 looks at specific sectors, namely active, passive and electromechanical components, broadline distribution, ASICs, microprocessor systems, network technology, computer software, computer hardware, automation technology, EDA, ATE, measuring systems, medical electronics, devices and systems for semiconductor manufacture and commercial positions in the hi-tech industry.
The Salary Report – Electronics Industry 2019 is available as a 29-page digital brochure for the following prices:
German version, €25.00 including VAT
English version, €35.00 including VAT