Hardly a day goes past that you don’t hear or read about the science, technology, engineering and mathematics (STEM) skills shortage - and for good reason.
The gap already costs the UK an estimated £1.5bn per year and 89 per cent of STEM businesses find it incredibly challenging to recruit the right talent. Which is a worry when research from EDF Energy
predicts that jobs in STEM disciplines will increase at twice the rate of other sectors.
A study by STEM Learning reveals the existing shortfall totals about 173,000. This equates to 10 vacant roles per business,on average and well over half of the businesses questioned said they expected the situation to worsen, fearing that the UK’s reputation and technological advancement might be detrimentally impacted as a result.
Some of the biggest recruitment issues faced by the STEM industries are low awareness of the diverse jobs available, the perception these jobs and a lack of meaningful work experience opportunities – all of which mean that the gap will only widen as time goes on, unless action is taken at an earlier juncture.
How to develop your STEM talent pipeline
Our whitepaper, written with contributions from Semta, adi Group, Air Products and GetMyFirstJob, talks about the steps you can take to develop a future talent pipeline, avoid 'leaks' and ultimately, mitigate the effects of the STEM skills gap. Click below to read the full piece:
To discuss any of the themes mentioned in our blog or to find out how ARM can help your business, please get in touch with our STEM Client Relationship Manager, Chester Boothe.