TAP ForumThe U.S. Skills Gap – Real and Growing
October 25, 2013
Dane Linn, Vice President of Business Roundtable, one of the TAP founding members, wrote this week about a new survey from Bayer that shows the shortage of STEM talent in the workforce:
More evidence is out this week that the U.S. skills gap is widening further. The latest proof comes from Bayer’s annual “Facts of Science Education” survey, which has been conducted since 1995 to gauge public opinion on U.S. science education. This year, the survey asked talent recruiters from Fortune 1000 companies if they are experiencing a shortage of STEM (science, technology, engineering and mathematics) talent in the workforce. The answer from 150 recruiters at 117 companies? Yes – and the situation promises to get worse.
The recruiters reported that while more STEM jobs are being created today than non-STEM jobs, even at companies that don’t have a STEM focus, only half of their companies are able to find adequate numbers of qualified job candidates to fill those positions. They forecast that this trend will continue over the next 10 years. They also said Fortune 1000 companies prefer to hire STEM degree holders, even for non-STEM jobs, which means the skills gap will only get worse without concerted action. These unfilled jobs have negative effects on company business and revenue, the recruiters added. …
From K-12 education reform to on-the-job training, addressing the U.S. skills gap will continue to be a priority for Business Roundtable members and the U.S. business community. It must be for our nation’s leaders as well. America’s future competitiveness and the success of all Americans depend on it.