The need for workers in the STEM (science, technology, engineering and mathematics) fields is growing at a rate exponentially faster than the growth of applicable candidates in those fields. While there has been some debate regarding the rate of growth versus the pool of relative talent, the further we move into the future, the more clear it becomes that in all facets of STEM careers, there is a growing need for quality candidates. While most metrics are broader in scope, there is little doubt that cutting tool STEM talent shortages are occurring alongside shortages in other STEM-related fields.
What are the implications?
Cutting tool STEM talent shortages and talent shortages in other STEM careers is a serious point not only from an employment perspective but also from a global economic and competition perspective. Many countries across the world have focused on STEM fields as a way to improve their competitiveness with the U.S. This focus is clearly paying dividends as current rankings show that the U.S. falls behind 26 other developed nations in the awarding of undergraduate degrees in the fields of science and engineering. If this trend continues, the U.S. may find itself falling even further behind its competitors.
Moving in the wrong direction
According to New American Economy, the U.S. “has a persistent and dramatic shortage of STEM workers” and that problem is only growing. The results of their research is startlingly unsettling. In 2010 the ratio for STEM job postings to unemployed STEM candidates was a little more than 5:1. In 2015 the gap in that ratio had widened to almost 17:1. These reflect not only cutting tool STEM talent shortages, but a multitude of STEM shortages. Their research is, however, pointed in respect to individual states. While naturally some states fare far better than others, it is clear that STEM shortages are a national concern.
Solving the problem
There are number of propositions to correct the course of this shortage, but the most promising course of action seems to be tied directly to the hands-on education of potential STEM candidates. One company has found that taken an education-focused approach to solving the cutting tool STEM talent shortages problem, and thus the STEM shortage at large, is Primetals Technologies, a Worcester-based company that actively places and trains student interns, preparing them for a STEM-related career.
The efforts of companies like Primetals Technologies are incredibly forward-thinking as it relates to cutting tool STEM talent shortages, but while they are building a strong base for the future of their STEM talent needs, they still do little to address today’s shortages. What companies need, not only today but for the future, to stay competitive both domestically and globally, is a relationship with a recruiter that has a strong and proven history in the location and placement of cutting tool talent. Davalyn Corporation has an established reputation as a leader recruiter of cutting tool talent, and the companies it serves are and will continue to be leaders in the selection and retaining of leading cutting tool candidates.
Related industries: Cutting Tools & Tungsten Carbide