A key challenge facing business and engineering leaders today is talent acquisition and retention. Unemployment is at a nearly 50-year low at 3.7 percent, and if you focus on engineering specifically, the rate is a meager 1.8 percent.
In a recent Congressional Research Service report, it was estimated that science and engineering jobs will increase by 853,600 (11.7%) from 2016 to 2026 and that another 1.439 million engineers will exit the workforce due to retirement or other factors. It is no surprise that these realities are already impacting business leaders as evidenced in the below TechClarity survey.
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