Last week, I had a conversation with a senior mechanical engineer who said that this year, 2017, was the first year that he made as much as he did back in 2008 nearly a decade after the Great Recession. This prompted me to look back at some of the placements I made back in 2007 and 2008. As an executive recruiter who has specialized in consulting engineering and architecture for more than 15 years, I am not seeing it yet in my practice if I compare apples to apples.
Even though EVERYONE is crying about not being able to find talent, the salaries do not appear to have not caught up with the intense demand of the market. I am getting calls and emails daily from A & E firms of all sizes who are calling me, unsolicited, to ask for my help in finding talent. Many of these firms have either never worked with a recruiter or have rarely had the need to do so yet they are at the end of their rope and considering all options, including paying an executive recruiter to help them attract talent.
If I look back to my high school and college economics courses, the incredible demand for architects and engineers should be driving salaries up, yet I am not seeing that.
So, I ask the question: How does your pay compare to 5 or 10 years ago? Is your firm paying significantly more or slightly more for engineers and architects than they were before the recession?
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