Boca Raton, FL (PRWEB) July 02, 2012
SmartGridCareers.com, a niche recruiting firm serving the unique human capital requirements of the Smart Grid, released an infographic today in conjunction with Zpryme’s Smart Grid Insights depicting the top Smart Grid hiring trends. Leveraging feedback from 184 executives responsible for hiring candidates for Smart Grid roles in the United States, SmartGridCareers.com and Zpryme’s Smart Grid Insights pinpointed the following developments in the compensation, hiring activity, recruitment and retention of Smart Grid candidates:
1. Average Compensation Exceeding Industry Averages for Engineering and Engineering Management Roles in the Smart Grid Sector*: Average compensation for experienced engineers in Smart Grid roles outpaces the industry average by 8%. Senior level engineers employed in the Smart Grid sector earn 4% more and engineering managers take home an average of 20% more than their counterparts in other industries.
2. Hiring Activity Increasing More Rapidly Among Mid-Sized Smart Grid Players: Companies with 501-1000 employees hired 35% more Smart Grid candidates in 2010 than in 2011. Hiring in the 1000+ employee sector declined, largely due to extensive merger and acquisition activity. Overall, hiring increased by 2%.
3. Starting Salaries for Smart Grid Roles on the Rise: 65% of respondents indicated that starting salaries are on the rise for experienced hires. 59% reported increases for new hires (those with no previous work experience outside internships).
4. Recruitment of Experienced Hires is Becoming More Challenging: 45% of hiring executives stated that it is taking longer to identify and recruit experienced hires. 25% reported the same challenge for new hires.
5. Retention of Smart Grid Employees Becoming Problematic: While only 24% of respondents said that retention has declined over the past five years, 72% indicated that retention of Smart Grid employees is a problem on some level. Rising salaries and the increased level of difficulty associated with recruiting experienced candidates are the most likely factors contributing to respondents’ assessment of retention as a problem.
6. Recruiters Playing an Integral Role in Identifying New Hires for the Grid: Recruiters were named the top source for helping Hiring Managers identify new hires for Smart Grid roles and one of the top three sources for experienced hires.
“This inaugural research study gives Smart Grid Hiring Managers the baseline data they need to start benchmarking their human capital strategy,” states Heather Anusbigian, CMO of SmartGridCareers.com. “The statistics captured in this analysis are reflective of what we have been witnessing in the marketplace, and we intend to continue our partnership with Zpryme’s Smart Grid Insights to ensure we keep our finger on the pulse of emerging developments”.
“Having an extensive background in Smart Grid research, it became clear that there was a need to perform a study that spoke to the unique hiring challenges facing this growing sector,” commented Jason Rodriguez, CEO of Zpryme. “We intend to leverage this preliminary information to perform further investigations that will identify the trend line data needed to refine the Smart Grid human resources game plan.”
While the infographic released today depicts the topline findings of this study, SmartGridCareers.com and Zpryme’s Smart Grid Insights will be releasing a series of more detailed reports in the coming weeks. Readers interested in receiving copies of these additional reports can request a copy here.
- Based on comparative national average data for electrical engineers from Salary.com.
The Smart Grid Hiring Trends 2012 study was conducted by surveying 184 Smart Grid Hiring Managers and Executives in June 2012. Only one response per company was allowed for the study. Only U.S. based executives and managers who played a role in making hiring decisions for Smart Grid-related roles at their respective companies were allowed to respond to the survey. Forty-one percent of hiring managers said they worked for companies with 1 to 100 employees, 16% worked for companies with 101 to 500 employees, 6% worked for companies with 501 to 1,000 employees, and the remaining 37% said they worked for companies with 1,000 or more employees.
SmartGridCareers.com is a niche recruiting firm offering a comprehensive suite of human resources solutions to the Smart Grid industry. Leveraging a powerful combination of experience, expertise and cutting-edge technology, SmartGridCareers.com has established a proven track record of pinpointing candidates with the emerging skill sets required by the Smart Grid and Renewable Energy sectors. For more information, visit http://www.smartgridcareers.com.
About Zpryme Smart Grid Insights Practice:
Zpryme-powered Smart Grid Insight Practice and Smart Grid Insights Advisory Board help organizations understand their business environment, engage consumers, inspire innovation, and take action. These practices represent an evolution beyond traditional market research and consulting: combining sound fundamentals, innovative tools and methodologies, industry experience, and creative marketing savvy to supercharge clients’ success. Zpryme does not produce tables and charts; but rather delivers opportunity-focused, actionable insight that is both engaging and easy-to-digest. For more information, visit: http://www.zpryme.com.