After an unprecedented slump in 2020 due to the impact of the coronavirus, the electronics and semiconductor recruitment markets are recovering strongly. Despite the ongoing disruption and local and international lockdowns, performance in Q1 2021 was better than many expected, continuing the pattern of growth that began in the latter part of 2020.
In this article, we’ll take a look at the in-demand electronics professionals in 2021 and explore the performance of the electronics and semiconductors industries as a whole.
Electronics companies that revised their strategies are emerging strongly
Despite the devastating impact the coronavirus has had on the global supply chain, many electronics and semiconductor companies moved quickly and decisively to protect their employees and revise their long-term strategies. The result is that the industry has emerged more strongly from the outbreak than many had expected.
One of the biggest drivers of the upturn in performance has been the global shortage of microchips. This is partly the result of the COVID-19 outbreak and is expected to be sustained throughout 2021. Shortages of semiconductors have also been affecting vehicle manufacturers, and with the automotive industry now starting to recover, demand is expected to surge.
Active capital markets in California spur growth among start-ups
The growth of electronics and semiconductor recruitment is also being driven by an increase in startup investment in Silicon Valley.
In what was a record quarter for venture capital funding, more than one-third ($25 billion) of the total $69 billion US-based venture funds invested in the first quarter of 2021 ended up in Silicon Valley. That included more than $1 billion for enterprise software maker Databricks and a staggering round of $3.4 billion for the financial services company Robinhood.
Electronics engineering roles are in high demand
As the automotive, wired communication and start-up industries rebound, we are seeing particularly high demand for electronics engineering roles in design, verification, validation, test, and product. However, other factors are also coming into play. An ageing electronics workforce combined with fewer electronics engineering graduates is creating an increasingly competitive talent market.
This high level of demand means that experienced engineers and graduates can have their pick when it comes to the best jobs. They are also in an excellent position to negotiate a very competitive starting salary.
Ready to make your move?
13 Jun 2021
Use The EU Blue Card to Hire Electronics Professionals From Around the World
Struggling to hire skilled electronics professionals for your EU firm? Here’s how the EU Blue Card and PER Specialist Recruitment can help.
13 Jun 2021
How to Video Interview Well
With video interviews now the norm in the electronics, SMPS, UPS and semiconductor sectors, we provide our tips to set you up for success.
28 May 2021
Become a Skilled Worker Sponsor to Access Larger Talent Pools
We discuss the eligibility criteria to become a Skilled Worker Sponsor, explore the application process & look at the benefits that casting a wide net can bring.
28 May 2021
State of Electronics and Semiconductor Recruitment - Q2 2021
After a better than expected Q1, the welcome news for candidates is that Q2 in the electronics and semiconductor recruitment market is performing strongly.
14 Apr 2021
The New Bar for Electronics Recruitment
PER Specialist Recruitment is setting new standards in electronics recruitment. Find out what sets our industry specialists apart.
14 Apr 2021
How to Sell Yourself With a Flawless Sales CV
Having trouble selling yourself? Then read our guide to creating an attention-grabbing sales CV that gets you noticed for all the right reasons.
08 Mar 2021
Contingency or Exclusivity - Which Recruitment Model is Right For You?
Many of the employers we work with are not aware that there are two different models of recruitment that shape our relationship with them. With that in mind, we thought it was worth putting together a guide that provides an insight into each of the recruitment models, how they work and what the benefits are for you.
23 Feb 2021
How to Write a Great Engineering CV
Want to write an engineering CV that gets you noticed for all the right reasons? Then read our guide to perfectly calibrating your engineering CV.
31 Jan 2021
State of the Power Electronics Recruitment Market for Design and Sales
After a COVID-sized slump, the power electronics recruitment market for design and sales roles is now recovering. If you’re looking for a talented power electronics professional, our unique insights will show you why now could be a great time to hire.
18 Jan 2021
State of the Power Electronics Jobs Market for Design and Sales
It’s fair to say that the power electronics jobs market has been on a bit of a bumpy road over the last six months. However, if you’re looking for a new role in power electronics sales or design, the good news that the jobs market has bounced back. Demand is now on the up, with employers increasingly looking for candidates with design-in wins.
22 Dec 2020
At PER-International, the COVID-19 hiatus is over and we’re officially back to doing what we do best - connecting the world’s best electronics, power electronics, SMPS, UPS and semiconductor professionals with leading employers around the world.
09 Mar 2020
What is the impact of the coronavirus on the global supply chain?
The coronavirus outbreak has had a significant impact on the global supply chain, but when will it peak and how is it affecting businesses around the world?