Survey reveals expected impact of skills shortage
A new survey has found that UK engineers believe the skills shortage is the issue that will most impact the sector over the next five years.
In a survey of 250 engineering professionals, 37 per cent identified the skills deficit as having the biggest impact on their sector. Other prominent issues included automation (22 per cent), new materials (17 per cent) and data (10 per cent). According to some estimates, the shortage of STEM skills is costing UK businesses £1.5 billion a year in recruitment, temporary staffing, inflated salaries and additional training costs.
Engineering a skills shortage solution
“Engineering companies in the UK are respected all over the world for their quality and innovation, but we need to ensure that as an industry we are recruiting the best and brightest minds into roles across the sector,” said Nigel Urquhart, senior technical analyst at MPA, which commissioned the research.
“STEM education and training support are vital for making sure the UK’s economy continues to thrive and will play a key part in ensuring the UK reaches the current government target of 2.4 per cent of GDP being spent on R&D by 2027.”
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