De­mand drives surg­ing salaries for engi­neers

DEMM Engineering & Manufacturing - - NEWS -

Engi­neers take home

an av­er­age of nearly $100,000 a year and their salaries are grow­ing strongly, ac­cord­ing to the an­nual IPENZ Re­mu­ner­a­tion Sur­vey.

Engi­neers’ me­dian base salary grew by 6.3 per­cent in the year to October 2016. Ac­cord­ing to Sta­tis­tics New Zealand, av­er­age wage in­fla­tion in the year to June 2016 was 1.5 per­cent.

Engi­neers’ me­dian base salary is $92,500, with an­other $5500 on top of that in bonus or other pay­ments.

The sur­vey re­veals that in the very first year of their ca­reer, engi­neers earn an av­er­age of $55,000 plus an­other $2000 in cash ben­e­fits.

In­sti­tu­tion of Pro­fes­sional Engi­neers New Zealand Chief Ex­ec­u­tive Su­san Free­man-Greene says engi­neers’ strong salary growth re­flects de­mand for all types of engi­neers in ev­ery part of New Zealand.

“New Zealand des­per­ately needs more engi­neers. With huge growth and ex­pand­ing range of op­por­tu­ni­ties, it’s an ex­cit­ing time to be an en­gi­neer.

“En­gi­neer­ing af­fects all New Zealan­ders. As well as be­ing fi­nan­cially re­ward­ing, an en­gi­neer­ing ca­reer means you can make a pos­i­tive, tan­gi­ble dif­fer­ence to our so­ci­ety.

“Engi­neers are driven by the de­sire to make the world bet­ter. En­gi­neer­ing is at the heart of ev­ery ma­jor tech­no­log­i­cal and so­ci­etal break­through – from smart phones to greener trans­port to ro­botic surgery. En­gi­neer­ing is all about mak­ing our lives bet­ter, eas­ier and health­ier.

“We’re also see­ing enor­mous growth at the in­ter­sec­tion of en­gi­neer­ing with big data. The In­ter­net of Things con­nects ob­jects and de­vices and will rad­i­cally change how we work and live.”

More than 3200 IPENZ mem­bers com­pleted the IPENZ 2016 Re­mu­ner­a­tion Sur­vey, which was spon­sored by RobLawMax Re­cruit­ment.

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