x

Poll Rates Telecom Job Climate

The job climate in the telecom industry has improved since last year, but that’s not saying much, according to Light Reading’s Work Poll this month.

Based on the responses so far, 62 percent of our readers think the job climate is better than in 2003, compared with 29 percent who think it’s the same. Better doesn’t necessarily mean good, though -- 47 percent rate this year as "weak" and another 42 percent as "so-so."

The results also show:
  • Sixty-one percent of respondents are employed in telecom, and 17 percent are unemployed; 23 percent have left the industry but are still nostalgically taking Light Reading polls.

  • A general economic recovery would help save the industry, according to 41 percent or respondents, although it wouldn’t hurt to throw in some innovation and reform as well, say another 39 percent. Five percent reckon telecom is beyond help.

  • Not surprisingly, the hottest emerging growth area is seen as China, with 49 percent of votes, followed by India with 32 percent.



Click here to take the poll yourself and see the latest results.

– Nicole Willing, Reporter, Light Reading

Page 1 / 7   >   >>
zoinks! 12/5/2012 | 1:36:48 AM
re: Poll Rates Telecom Job Climate I wasn't able to access the poll, so maybe this was addressed.

I would like to see of the currently employed regarding things like whether or not people have had raises during the past 1,2,4 years (and at what percentages), whether or not they've had pay cuts, or received bonuses, promotions without pay increase, etc.

I, for one, have not had a pay raise since December of 1999. I received a measely $2K bonus this year, but its the first since early 2000.

I know of very few (maybe one in ten) that have received an increase in the past few years. However, all it takes is one "friend of a friend" to get an increase and my friends start whining about being underpaid.

I can't complain though, as I've been steadily employed during the past four years.

Zoinks!
keelhaul42 12/5/2012 | 1:36:47 AM
re: Poll Rates Telecom Job Climate Those are interesting data points that give some indication of overall health for the industry.
I'd like to suggest another one: career stalls

How many are working in jobs well below their education/experience/ability/ambitions? (And have no expectation of near term improvement)
There was a time when one could move up the ladder or into different work areas by displaying interest and aptitude -- the opportunity would be offered.
No more. Consider yourself lucky to be employed is the word from on high.

One other observation:
companies are running very lean on staffing.
Per a recent Dilbert cartoon:
Boss: If I cut your product development budget by 25% what could you develop?
Dilbert: Ulcers, heart disease, and maybe mysterious pustules.
Boss: How about the product itself?
Dilbert: It will envy me.


-kh
optical Mike 12/5/2012 | 1:36:35 AM
re: Poll Rates Telecom Job Climate I would be pleased with a bonus of $2K this year, we have also not had any pay increase since 2000 and I am thankful to be employed knowing that our company staff is less than half of what it was 3 years ago.
zoinks! 12/5/2012 | 1:36:35 AM
re: Poll Rates Telecom Job Climate Career stalls is an excellent one!

Using my own experience as a data point, I've been doing the same job for the past four years at my current company and two years at my prior one. No place to move up, nor laterally. Part of my stall is my fault, as I made a lateral move four years ago to a startup with the expectation of job growth. Instead I got job contraction.

Plus its difficult to reward and promote the engineers in my team, since for many, their next desired move is into management or a leadership position. But we've laid off all the junior people (and some of the senior people) so now we have a flat organization of all principal level engineers.

Zoinks!
networking_legend 12/5/2012 | 1:36:34 AM
re: Poll Rates Telecom Job Climate If you are not based in China or India, job growth potential has been bleak for the last few years. And to be frank, there doesn't seem to be sign of improvement.

Now, in this increasingly global economy, you are going to be competing for the same job with engineers from all over the world. And so long as a major salary arbitrage exists between engineering jobs in your country vs another one, it will be harder and harder for a company to justify keeping the job here.

The fact is, contrary to many media reports, most (not all) company executives are happy with the results they are getting from their offshoring ventures. Whether you like it or not, offshoring has proven to be a viable alternative and is here to stay.
optical Mike 12/5/2012 | 1:36:34 AM
re: Poll Rates Telecom Job Climate I would be pleased with a bonus of $2K this year, we have also not had any pay increase since 2000 and I am thankful to be employed knowing that our company staff is less than half of what it was 3 years ago.
testdude 12/5/2012 | 1:36:33 AM
re: Poll Rates Telecom Job Climate Since the peak of 2000, I have remained employed with 2 startups and 1 major equipment provider. I have seen a 20% decrease in salary and stock options, well I would say are considered only paper retainers and nothing more. I'm happy to still be employed although the companies today think they can still have people work 60 hour weeks/weekends at reduced salaries.

The industry appears to be on the rebound so when things really do pickup companies will need to get back to reality
diag_eng 12/5/2012 | 1:36:33 AM
re: Poll Rates Telecom Job Climate Whether you like it or not, offshoring has proven to be a viable alternative and is here to stay.

Yeah, so what village are you from?
flam 12/5/2012 | 1:36:32 AM
re: Poll Rates Telecom Job Climate Subject says it all. My belief is that the guys that the industry "let go" - gawd I hate that phrase - will never really make it back. If and when hiring starts again, it'll be for folks just out of school. Salary compression rules.

Please tell me I'm wrong.
optical Mike 12/5/2012 | 1:36:31 AM
re: Poll Rates Telecom Job Climate We have been off shoring many manufacturing positions for years now, next the call centers/telemarketers, and software programmers, now high tech and hardware positions.
So what will be left in this economy, there are only so many service positions
Page 1 / 7   >   >>
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE