By Dave Fusaro, Executive Editor
You: Single or married white male, 44, college degree in electrical engineering, living in Illinois, working an engineering design job, 11 ½ years at your current employer, fairly satisfied, earning $67,692 a year.
Seeking: A challenging job with security, more pay, hopefully fewer hours than the 45 youve been putting in. Maybe a bonus plan, too.
It may not be a match made in heaven, but so far this marriage of decent pay and hard work seems to be working out for CONTROL DESIGN readers. Our first salary and job satisfaction survey of industrial OEMs paints a reasonably positive picture. Most respondents are satisfied with their pay, rank challenging work as more important than salary and benefits (39% to 23%), and are content with their jobs (24% are very satisfied and 44.5% are fairly satisfied). Despite the shaky state of the economy, most feel secure in their jobs. In fact, just 41.2% of the surveys respondents answered yes to the question "Are you concerned about job security?" leaving the majority apparently on solid ground.
"My job is not stressful, I work for fair and nice people, my boss doesnt pressure me. Im very happy here," writes a 37-45-year-old Georgia woman. A 46-53-year-old man in engineering and systems integration in Oregon offers: "My job is good because my supervisor lets me set priorities. There is a lot of interesting work in hydropower. Id guess my salary is less than in private industry, but conditions and security are OK."
However, having been mailed after the first quarter of this year, with its stock market crashes of March 12 and 14 and obvious business slowdown, the surveys job satisfaction and security answers should be as current as the news of the souring economy and layoffs all around these professionals. We received 341 responses in time for the tabulations and a dozen more after the deadline, some of which were included in verbatim responses in this story.
Splitting respondents among "machine-building industries," the largest category of respondents came from the engineering and systems integration service group: 24.3%. Other categories were spread thinly but evenly, with "materials handling, conveyors, and conveying equipment" leading the pack at 7.9%.
Men outnumbered women 27 to 1. There was almost as big a spread in salaries, with the men averaging $68,650 to $41,667 for the women. Whites comprised 92% of our response base.
Only eight respondents were under 28 years old. The average age was 44 ½.
What It Means to Salary
Among all those college graduates, there were 67 masters degrees and five doctorates. Come salary time, those degrees really paid off. The relatively flat line of salaries ($53,750 to $59,111) in the four categories without a college degree (high school, technical school, some college, two-year college degree) jumped to $69,598 with a baccalaureate, $79,507 with a masters degree, and $91,800 with a doctorate.
Even among those with college degrees, the field of study provided a fair amount of income disparity. Two-thirds of the respondents were engineering graduates of one sort or another, with industrial engineers making the most money ($81,643) and mechanical engineers at the low end ($67,603).
An Indiana man, between 46 and 53 years old, performing engineering design at a material handling/conveyor company, "worries about the younger engineers coming on board," who are being paid well. Rising starting salaries also are a concern to an Ohio man in the same age group, working at an industrial process furnace and oven operation, who notes, "Due to business conditions, we have not received any increases in almost three years."
"Our company history is to fire 50-60-year-olds," writes an engineering designer nervously entering that age group at a Pennsylvania mining machinery supplier.
While his concerns are widespread, it seems the new hires in this survey are not kids, even if they are being paid more than longtime employers. Those 27 years old and under are paid just $48,625 on average, but salaries jump to more than $60,000 over age 28.
"My biggest gripes are a low salary and minimal vacation, the result of changing jobs during an industry downturn," writes a 46-53-year-old man in applications engineering at a pumps and pumping equipment supplier in Minnesota. Hes earning somewhere between $51,000 and $55,000. "It's true that most companies will pay to hire you, but not pay you to stay. It's difficult to negotiate more than the standard two weeks of vacation, even if you are an older, more experienced employee."
Despite the usual critical comments, the overwhelming vote was in favor of both job satisfaction and a sense of job security.
Some of this satisfaction is due to good companies. "Even with the slow economy, we still have work to do," writes a 46-53-year-old man in management earning $76,000-$80,000 at a Missouri material handling/conveyor firm. A 37-45-year-old woman in engineering design adds, "My company is doing well despite a slowdown in this industry in this area (machine tools in Indiana) although I have been reduced to three days a week in the past (three years ago)." She earns $36-40K.
"I have an office with walls where I can think. That would be the hardest thing to part with if I changed jobs," says a licensed electrical engineer at an Ohio systems integrator.
And much of this positive attitude is due to self-assurance. "Even though the company is vulnerable, I do not feel concerned because I believe I could go elsewhere and do at least as well," writes a 54-60-year-old man, a licensed professional engineer with a masters degree, earning $76,000-$80,000 at a Connecticut supplier of electrical wiring devices.
"I have job security because I have product knowledge, plenty of design and product proving experience, and a comparatively low salary," says a 61+-year-old man at an Illinois maker of industrial machinery. With only a two-year college degree, he was earning just $41-45K.