Salary survey points to pay increase for UK engineers
Published: 13 Jun 2017 By Jon Excell
Positivity over pay levels is tempered by concerns over skills, diversity and Brexit in The Engineer’s 2017 salary survey
Salaries for UK engineers have increased by 6.6 per cent on average over the last twelve months, according to The Engineer’s 2017 salary survey, which is published today.
Whilst the average salary for UK engineers stood at £45k in 2016, our 2017 report – which is based on responses from 2743 engineers working across a range of sectors – shows an increase to £48k.
Despite general dissatisfaction amongst respondents with the levels of remuneration offered across industry (just 35 per cent are happy with their pay) engineering salaries would appear to compare favourably with most other sectors. The average salary in the financial services sector is currently £47,109, whilst bankers earn only slightly more on average (£50,080).
Despite painting a reasonably positive picture in terms of pay, this year’s survey also reflects some key areas of concern, not least industry’s continuing struggle to close the gender gap.
Female engineers accounted for just seven per cent of respondents and, according to our findings, are paid on average 10k less than their male colleagues. Even more alarmingly, female respondents at every level of seniority are on average paid less than their male colleagues. Women at junior level earn on average £4k less than their male colleagues, whilst at director level the gap widens to 20k.
Other key findings:
- 45 per cent of respondents are considering a change of job
- 49 per cent would consider relocating overseas
- More than 1/3 respondents worried about impact of Brexit on job security
The Engineer’s 2017 salary survey is published in partnership with technical recruitment specialist CBS Butler.