Is the financial balance starting to move in favour of engineering?
According to the Office of National Statistics £42 billion of bonuses were paid out in Britain for year ending March 2015.
It is significant to note that the biggest sector drop was in the financial and insurance industries where there was a near 10% drop on the previous year.
Meanwhile in the rest of this economy the bonuses rose by 9.7% – and the sector with the biggest increase in bonuses was the professional scientific and technical services up £0.9bn on the previous year.
Let’s hope that these are a reflection that the engineering and technical sector is faring well in the economy and that in order to attract the best people companies and research establishments must reward people well.