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ER&D (engineering research & development) is the lifeblood of innovation in enterprise verticals. It includes the design and production of goods and the exploration and testing of new technologies. There are at least 3 main reasons for the increase in demand for ER&D professionals: the advent of Industry 4.0, digital transformation and the renewed focus on sustainability.
A number of sectors are fueling the ER&D hiring rush. The automotive industry, and specifically the electric vehicle (EV) market are booming, as the world moves towards clean transportation. Aerospace and electronics are also contributing faster than other sectors, with demand for embedded systems engineers and AI/ML gurus growing. IT firms are pumping in its investments on the integration of software and hardware experts to remain ahead in the digital age.
The usage of AI and ML is transforming the ER&D industry. Firms are scrambling for talent that can build, create and tweak AI systems that underpin intelligent products. Besides the growth driven by sustainability in all endeavours, with green technologies leading the way, forces of innovation and accelerated recruiting are coming into play in the ER&D services sector.
The 15% uptick in ER&D hiring is testimony to growing awareness of the value of innovation. As businesses rely more and more on technology, the call for engineers with research skills grows ever stronger. They are in search of professionals who can not only keep them competitive in a rapidly changing marketplace.
“The demand for ER&D engineers is strong is the US, Germany, and Japan. But as hotspots for those types of jobs continue to proliferate in Asia and Eastern Europe, the emerging markets are also creating new opportunities for talent across the world.
The roles in demand are indeed changing with provider organizations evolve. Some of the key roles within ER&D are:
Not only are these roles critical for companies that want to lead in innovation, but also at the forefront of R&D tech.
The ER&D jobmarkets offer a lot of opportunities for specialized talent. Here are some of the most in-demand positions at the moment:
With the ER&D hiring wave, several organizations are turning to unique strategies to recruit and retain the best:
For straw-hatted job hunters who want to take advantage of the ER&D hiring boom, here are a few strategies:
What companies need to concentrate on to draw and retain the best ER&D talent:
While the demand for ER&D professionals is increasing, the demand for education and upskilling programs is also increasing:
Although the growth in hiring for ER&D is encouraging, there are challenges that could develop:
The ER&D surge is expected to persist with technology changes and industry shifts. In the next five years, blog we will witness such technological factors as 5G, quantum computing, and robotics generating new jobs and also continue to intensify the demand for ER&D professionals. For job seekers, for companies, keeping up is the name of the game.
The 15% rise in ER&D jobs opportunity is a good news for both salaried employees serving these respective industries and companies also working in ER&D. As long as professionals stay connected to the trends and zoom in on the right skills, they’ll be able to capitalize on this hot market, and companies will be able to lure the talent necessary to innovate and blossom. Whether you want to boost your career or build a best-of-breed ER&D team, the time has come to act strategically and get ahead of the game.
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