Thursday, February 5, 2009

Are You Earning What You're Worth?

It's Diane posting today, and I don't know about you, but with the headlines lately I'm very thankful to be gainfully employed.

That said, it's still important to know you're earning the salary you ought to be, and I recently came upon some information for engineers who are curious about that. There is an ongoing survey being conducted online by the American Society of Civil Engineers (ASCE), the National Society of Professional Engineers (NSPE), and the American Society of Mechanical Engineers (ASME) that is tracking salary data for engineers organized by sector, experience, education, age, geography, and other factors.

The survey has been underway for about a year and to date over 20,000 engineers have taken part. Engineers who participate are entitled to a free report with salary data for the relevant professional level and geographic region. Individuals and companies can also purchase reports for a fee.

According to current data, the national average compensation (including bonuses, commissions, etc.) for U.S. engineers is $94,556. The highest median salary of $115,200 went to engineers in the petroleum and natural gas sector. Companies with fewer than 200 employees paid a median salary of $77,000, while those with over 20,000 employees paid a median of $98,684.

If you'd like to participate, click HERE.

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