Factors That Affect Your Salary – What You Need To Know

The job function of the typical survey respondent was an automation/control engineer, accounting for 28.2% of total responses. The most prominent average age range was 45–54, indicated by 34.1% of respondents. Nearly half (45.6%) of the respondents were college graduates with a bachelor’s degree, with the largest percentage of those (36.5%) possessing a bachelor’s degree in electrical engineering. Of the respondents, 16.3% have an advanced degree, of which the largest percentage (28.4%) acquired a business administration degree.

The largest percentage of respondents (25.6%) has 31 or more years of professional work experience. It is interesting to note that the largest percentage of respondents (nearly one quarter or 24.8%) has worked for their current employer two years or fewer.

Of the respondents, 78.3% (up 4% over last year) reported a salary increase this year, with the largest percentage (50.6%) seeing a 1%–3% increase. At least a portion of the compensation of 64.7% of our respondents came in the form of commissions or bonuses, with 38.5% of respondents reporting that 1%–10% of their salary is commissions or bonuses. The largest percentage of respondents (35.3%) clocked between 41 and 45 hours per week, and the average vacation time was three weeks per year. Now, the article will dive a little deeper into the solutions.

refer to:http://www.automation.com/factors-that-affect-your-salary-what-you-need-to-know

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