Average salaries for engineers only rise by 2.9%

Total earnings for engineers rose by an average 2.9% in the year to 1 September 2005, a drop of 0.9% from the previous year, the latest annual survey from Remuneration Economics has revealed.

The survey of 10,315 engineers and 400 craftsmen employed by 51 UK companies found movement in basic salaries to be only marginally higher than the previous year. Respondents forecast a median 3% increase at their next pay review.

Senior engineers received the highest average increase to basic salary of 3.7%, with pay worth a median 33,719 a year. The lowest rise of 1% went to junior engineers, who earned a median 22,990.

Senior engineers also received the highest increase in total earnings, worth an average 4% to stand at 34,805 a year.

Engineering directors saw an average rise of just 0.1% to their total pay, which is now worth 83,020. But they received the highest bonuses, worth an average 20.9% of basic salary.

Bonuses were paid to two in five of the survey sample, with payments worth an average 2,101, 6.1% of the average salary for the whole sample.

The lowest bonus payments were awarded to junior engineers, who saw bonuses worth 2.2% of salary at 507.

www.celre.co.uk




 

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