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            The STEM Skills Puzzle

            18th January 2023

            Whilst the Fourth Industrial Revolution has offered organisations innovative technologies, building an appropriately skilled workforce to capitalise on IR4 is essential to truly see the benefits. A change in skills requirements has resulted in a competitive talent market, where organisations are paying increasingly higher wages to attract a limited pool of qualified candidates.

            According to the UK Commission for Employment & Skills, 43% of STEM vacancies are hard to fill. From 2003-2017, STEM occupations increased by 20% (424,000 jobs) in comparison to 15.5% (3,629,000 jobs) for non-STEM roles. Furthermore, demand for STEM jobs looks set to continue, outpacing non-STEM in the foreseeable future, with projections showing further growth of 3.1% (81,000 jobs) and 2.5% (682,000 jobs) respectively from 2018-2026. STEM skills are undoubtedly in highest demand.

            Exactly Which Skills Are in High Demand?

            Research conducted by Emsi examined 1.3 million STEM job adverts across a 12 month period, the top soft and hard skills in demand were:

            The Future of STEM Skills

            The World Economic Forum, has highlighted the top skills that employers see as critical in the lead up to 2025 are:

            1. Critical Thinking
            2. Analysis
            3. Problem Solving
            4. Active Learning
            5. Resilience
            6. Stress Tolerance
            7. Flexibility

            These skills reflect an emerging need for self-sufficiency, as well as an ability to think outside the box, whilst continuously learning to keep up with new developments.

            From the complexities of Brexit to the workforce limitations as a result of the pandemic, the UK workforce has faced immense disruption and upheaval over the last few years, with complex visa routes narrowing the STEM talent pool. To succeed in a rapidly changing and evolving world of work, STEM leaders to adapt, reconsider the skills needed to succeed, the way they source those skills and maintain workforce agility across times of uncertainty.

            MD Comment

            The profound shifts we have experienced in recent years to working practices, work / life balance expectations and technology have put a shining light on the vital importance of soft skills to enable individuals, teams and whole organisations to perform to their best. Future hiring will evolve rapidly  to deep dive on these Soft Skills with technology playing a vital role in assessment. The great aspect of using tech to assess is eventually it cascades down from the deep pocketed global organisations to the mainstream with significant cost reduction along the way. Given the accuracy already seen from the latest assessment software, its an area of competitive advantage ambitious organisations should seek out to support, verify and complete the jigsaw of their hiring decisions.

            Posted by Mike Gorshkov

            Managing Director at Linea Resourcing

            Read Biography

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