Is your organization prepared to win the race for top talent?
Looking ahead to the future, is your organization armed with a well-designed talent approach to recruit and retain in-demand candidates? By leveraging our 2023 Engineering & Technology Salary Guide, your organization will be well-positioned to attract these qualified professionals with competitive salary rates at your disposal.
- Anticipated Industry Trends
- Job Outlook Growth
- Engineering Salary Guide
The compensation statistics within the following guide were generated by Lightcast—a leader in labor market data and analytics provider. The tool specializes in delivering detailed industry analysis through precisely summarized labor and compensation market measurements. Additionally, the information provided by Lightcast has been verified by both public and government sources.
Anticipated Industry Trends
Our team of workforce experts predicts the following developments in 2023:
$1 trillion infrastructure bill:
A $1 trillion U.S. infrastructure package was signed into law by President Joe Biden in November 2021, providing states and local governments with billions of dollars to modernize aging roads, bridges, and transit systems. This bodes well for the future of public infrastructure and engineers. At the end of 2022, the Administration announced more than $185 billion in funding and more than 6,900 distinct projects to benefit over 4,000 communities in all 50 states, Washington, D.C., and territories. Engineers will have plenty of job opportunities thanks to the ongoing development of innovative infrastructure projects.
Climate change initiatives:
Our strategy to deal with climatic change must adapt as our country’s weather patterns do. To better guard against hurricanes, tornadoes, and other natural catastrophes, cities and states must be designed with the help of engineers. Innovative and sustainable infrastructure can mitigate the harm caused by climate change. The analysis, quantification, and modeling of carbon data have been given more attention, which has elevated technology to the forefront of engineers’ everyday work. Engineers will spearhead this initiative to safeguard our communities and decrease the effects of bad weather.
Recognizing the importance of AI:
Organizations will continue to rely on AI as part of their routine operations as artificial intelligence (AI) becomes a crucial component of the twenty-first century. With more adoption comes higher demand, and over the coming years, there will be an increasing need for AI engineers. Engineers will keep advancing this new field, from contextual advertising and language translation to visual identification or perception.
Autonomous vehicle engineering (AVE):
AVE covers the rapidly developing field of automated and connected automobiles. According to projections, the U.S. autonomous vehicles market will grow from $4 billion in 2021 to a $186 billion sector by 2030. Engineers specializing in robotics and control theory —and having prior expertise as software developers and systems engineers—frequently work on autonomous vehicles and will continue to be in great demand and serve a critical role in advancing this technology.
UX will no longer be a ‘nice to have’:
Companies have modernized their approaches to optimizing user experience (UX) thanks to new technologies. UX engineers will continue to be in high demand due to the consumer market’s increased emphasis on creating an excellent online customer experience. A $1 investment in user experience returns $2 to $100, or 9,900%. Because UX engineers handle every aspect of user research, concept design, prototyping, and execution, these professionals can find a niche in just about any industry.