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?
24 Jan 2020
How to get a non-EEA visa to work in the UK electronics industry
Calling all migrant electrical engineers – the UK needs you. But how can non-EEA electrical engineers tap into opportunities in the UK electronics industry?
12 Dec 2019
Rapid growth creates skills shortages in the UK electronics sector
The UK electronics sector experienced the fastest rate of growth of any manufacturing sector last year, but a shortage of skilled workers threatens to stop the industry in its tracks.
13 Nov 2019
Electrical engineers are added to the UK’s shortage occupation list
PER-International is happy to report that recent changes to the UK’s visa policy mean that electrical engineers and electronics engineers have now been added to the Shortage Occupation List.
13 Sep 2019
US-China trade war reroutes global electronics supply chains
Global electronics supply chains are being rerouted as a result of the continuing trade war between the US and China. However, it’s the US importers who are being left to pick up the bill.
09 Jul 2019
London’s eco-city aspirations and the role of electric vehicles
With Sadiq Kahn’s ULEZ initiative and the Electric Vehicle Taskforce, we’re being prepped for a fully electrified London. What can we expect and when?
09 Jul 2019
The UK seeks middle ground in Huawei 5G dispute
The UK’s decision not to call for a blanket Huawei ban is its way of securing the network against interference while ensuring its 5G networks are competitive.
29 May 2019
The impact of working from home on employee mental health
The benefits of home working for employee mental health are often cited, but could there also be a damaging side to the flexible working revolution?
29 Apr 2019
Is it time to fundamentally rethink workplace culture?
Have you ever wondered whether there might be something fundamentally wrong with workplace culture? No? What if we told you that research has found that around the world, just 13 percent of employees are engaged…
25 Mar 2019
10 top tips when preparing for a job interview
We discuss what a successful job interview looks like and introduce 10 top tips to help you prepare. Here’s our guide to preparing for a job interview.
11 Feb 2019
Could a four-day working week make employees more productive?
A four-day week has certainly proved to be a popular idea among employees, but it could it also help to solve the UK’s longstanding productivity problem?
07 Jan 2019
Could universal basic income be the solution to high unemployment?
We explore whether a universal basic income could help to increase levels of unemployment and discuss the pros and cons of this approach.
10 Dec 2018
Navigating the office Christmas party
One annual tradition that can delight and appal in equal measure is the office Christmas party. These are our tips so you can emerge unscathed.