Engineering jobs growth fastest since recession
Published: 08 May 2015
The number of engineering jobs in the UK has been growing at the fastest rate since the recession, an accountancy firm said.
According to a study by Nixon Williams, the number of engineering jobs available in the UK has increased by 17.7 per cent over the past year with 159,000 employees currently working in the engineering sector.
The number, however, still stays 9 per cent behind the 2009 pre-crisis peak. While the average annual salary in the engineering sector in 2009 was £29,222, in 2014 it was 2 per cent higher at £29,806. That’s certainly a positive development as the similarly technically skilled IT sector still lags 2 per cent behind its 2009 peak in terms of median annual pay. While in 2014 the avarage annual salary in IT was £36,148, in 2009 it reached to £37,094.
“The UK engineering sector has seen its strongest year of jobs growth since the recession and has cemented its status as one of the key drivers of economic output in recent years,” said Martin Brennan, Practice Manager of Nixon Williams. “Employers are increasingly reporting that a shortage of engineers is a threat to their growth plans and are struggling to find the skills they need in the marketplace.”
He further predicted that if the growth remains at the current rate, the number of employees in the sector will surpass the 2009 levels in the course of this year.