To start planning for the future, engineering staffing executives might consider asking three fundamental questions: Do I have the right business models in place? How can my company develop new capabilities and in what areas? How should asset portfolios evolve?
Given the dynamic pace of change in the industry, solving these challenges could easily spell the difference between success or failure. A new report from Staffing Industry Analysts helps to provide answers to those three fundamental questions.
SIA’s annual Engineering Growth Assessment Globally report explores dynamics in engineering staffing to inform industry stakeholders and support their strategic planning initiatives. It profiles the engineering landscape, outlines demand drivers and highlights target markets and skills.
For those interested in the US market, the report harnesses data from our US Geographic Opportunity Atlas. It includes a ranking of the largest 30 state markets for engineering staffing in 2017. The top five engineering staffing market sizes by states are listed below:
Click on chart to enlarge.
California is the largest engineering staffing market, eclipsing Texas by 33%. The three largest state markets — California, Texas and Florida — constitute 33% of the total US market for engineering staffing. In aggregate, the 30 largest state markets represent 92% of the total US market for engineering staffing.
For those looking to expand into EMEA and APAC, the report also provides market size estimates for those regions and delves deeper into the UK market which, despite Brexit uncertainty, continues to perform well.
In terms of portfolios, the report offers detailed wage data and unemployment rates for engineering occupations, long-term growth projections from the US Bureau of Labor Statistics. It also outlines the number of staffing firms offering engineering skills.
The report is available for corporate members to download here. Non-corporate members can contact memberservices@staffingindustry.com to discover how they can access this report as well as SIA’s other research offerings.
