More engineers are resigning, says survey

More people in the engineering sector are resigning, while employees at all levels have received the seventh highest industry pay rise, according to the 2007 National Management Salary Survey conducted by the Chartered Management Institute and Remuneration Economics.

A survey of 42,205 individuals across all sectors showed that the number of resignations in engineering has increased from 1.1 per cent to 6.2 per cent, despite a 4.2 per cent average salary increase. The survey also reported that managers in the engineering sector earned an average of £39,457, compared to the average UK salary of £47,440. Only charity sector managers earned less at £37,456.

Engineering sector executives, however, did see an average of £8,390 bonuses, up from £7,999 last year.

Despite the increase in number of resignations, the engineering industry did not suffer quite as much as retail, which had an 11 per cent rate, but it did not do as well as the food and drinks sector, which had the least number at 3.8 per cent.