Technical fields experiencing optimism, expansion

11.27.2013


Technical fields experiencing optimism, expansion
Technical fields experiencing uncertainty and optimism, rapid expansion

Hiring in the technical fields including engineering and embedded systems analysis is currently on the rise throughout their respective industries. Workers are highly optimistic, while employers expect high demand in their work - a saturated market means companies hold an advantage in the hiring process. Embedded systems as a whole are expected to explode in coming years, predicted to grow by more than 50 percent, while software engineering salaries are fluxuating.

Engineering workers are currently satisfied in their positions, yet not entirely confident in finding new jobs, according to MarketWatch. Despite the somewhat negative connotations that can be drawn from this information, companies looking to hire can be confident in their chances when retaining employees. In times of questionable mobility (only 11 percent of employees believe they can find a new job in the next year), loyalty in the field will increase drastically, and quality employees are likely to stay. As a result, increasing benefits or taking other measures to ensure employees remain happy in their positions will likely lead to slower turnover.

Employers, meanwhile, have reported both positive and negative trends in their hiring practices. About 73 percent of employers said they're likely to hire through the rest of 2013, which implies market growth overall, though only about 40 percent were fully confident in their hiring abilities. Between a perceived lack of qualified candidates, non-competitive salaries and highly-specialized job requirements, many were concerned they could not attract a high level of worker quality. Using outside staffing processes may help these efforts - many staffing companies will have access to a wide variety of high-quality workers ready and willing to take on challenges asked of them.

Embedded systems growth should lead to hiring
A new market report on embedded systems revealed the widely growing predictions for the market - valued at $121 billion in 2011, the format as a whole is expected to increase by nearly 60 percent overall by 2018, an expected growth rate of 6.8 percent yearly expanding its potential to $194 billion, according to the San Francisco Gate.

Increasing demand for smart devices, from meters to medical devices, is largely expected to be the catalyst for the market's increase, and this increase in systems is expected to drive growth in such subsections as the healthcare industry. Downturn in the automotive industry is expected to bar the market from immediate growth, but these figures remain positive in regards to future hiring. With growth of nearly 7 percent annually, hiring should increase and able workers should regularly join the potential workforce. Healthcare and core processing power should be the essential focuses of any hiring manager - in turn, companies should focus on finding candidates who are willing and able to grow and learn along with various levels of experience and technology in the field.

Software engineering prospects to grow
Retaining the best and brightest software engineering staff is becoming a priority, according to Wanted Analytics. Slight growth in the market seems to be the latest trend in the overall market - the Bureau of Labor Statistics predicts the market will grow 9 percent annually - and as a result, companies will need to compete with each other to land the best overall prospective workers. It's not all bad news - networking engineering and systems engineering have become more competitive recently, meaning employers can take advantage of the growing ranks of qualified workers.

Overall, while some positions are expected to see high base-level growth, others will see more muted results, which is good news for employers. The most in-demand positions, such as project managers and java developers, may take more effort to fill - however, other positions should see demand hold pat or even slightly decline, giving companies the edge in hiring efforts. 

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