More than 1,500 fluid-power engineers and professionals from across the country participated in the Hydraulics & Pneumatics 2016 Salary and Career Report, providing insight about changes in the industry, compensation, and overall job satisfaction. The average annual salary increased by 3%—which has been the average income increase since 2014, according to consulting firm Towers Watson—for a final amount of $95,167. While 49.4% of respondents report an increase in salary since last year, 37% said theirs stayed the same.
Nearly 90% of respondents recommend fluid-power engineering to the young professional. Some claim that fluid-power skills and knowledge are in high demand in various industries from mobile equipment to aerospace, and will open opportunities for technician, engineering, and sales careers. Others recognize it as a niche industry where skilled workers will most often find a role, but should only pursue one if they have a passion or affinity for fluid power. Only 74% think that the potential for salary advancement is as promising as it was five years ago.