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The Science of Attracting STEM Workers

THE SCIENCE OF Attracting STEM Workers STEM WORKERS ARE HOT COMMODITIES Science, technology, engineering and math skills are key to innovation in all industries From 2000 to 2010, STEM occupations grew at From 2010 to 2020, STEM occupations are projected to grow AND 3x the rate of other fields 16.8% Job vacancy rates in the U.S. In the first week of the U.S. 2015 H-1B work visa application process: Non-STEM STEM 14% 172,500 opplied Foreign workers 12% over 2x the 10% 85,000 available 8% spots Come on in! in the U.S. for general and advanced degree work visas. No vacancy! 4% "Growing industries in science and technology have twice as many openings as we have workers who can do the job." 0% 2005 2006 2007 2008 2009 2010 2011 2012 President Barack Obama VYING FOR TOP STEM TALENT Unemployment rate for bachelor's degree holders O Non-STEM STEM Most people with STEM degrees aren't looking for work - they're already employed and either: 6% 5% 4% unaware of better jobs 3% Fast rebound 2% OR 1% unconvinced by other opportunities 0% 2000 2002 2004 2006 2008 2010 2012 SEPARATE YOURSELF FROM THE CROWD TO COMPETE FOR STEM TALENT Know what matters to your candidate pool They are smart and curious, and want to find solutions that make They appreciate a behind-the-scenes an impact understanding for what makes things tick They seek new information for both current and future decisions They demand work interest fulfillment They like to build and break things Future focused - they're focused on today's technology only as a means to improve (or invent) tomorrow's Spruce up your business policies Develop an engaging company culture Stay true to yourselves and you'll attract more strong STEM workers who fit your company mold Focus on work/life balance Encourage employees to take time off and to unplug while away, and host family- and friend-inclusive events Offer competitive pay Educate yourself on the market rate for skilled STEM workers in your area - and offer it Median wage differences between STEM and non-STEM workers Non-STEM STEM 10% 8% 6% 4% 2% 0% -2% -4% -6% 2000 2002 2004 2006 2008 2010 2012 Take a tip from top tech companies - Up the ante with unique perks of Nap pods Free drinks on tap Haircuts Cool meeting space During the recruitment and interview process, share the challenges they can solve Be ready with specific projects that need their expertise Introduce them to the Explain your company's vision for future team they will be working with - even invite them to a team Describe the impact they would personally have on the company innovation lunch Know where to look States that have experienced the strongest STEM job growth - by percentage - from 2001 to 2011 Universities with the most STEM graduates Clarkson University Michigan Technological University 77% 76% North Dakota +31% Worcester Polytechnic Institute Rensselaer Polytechnic Institute 88% 84% Massachusetts Institute of Technology 86% Wyoming +26% Nevada +19% Stevens Institute of Technology 82% Utah +18% Alaska +18% California Institute of Technology Colorado School of Mines 98% Georgia Institute of Technology 98% 76% Missouri University of Science & Technology 91% Consider offering remote positions or relocation packages Adecco Engineering & Technology Sources http://engine.is/issues/it-s-all-relative-stem-workers-are-in-high-demand/189 http://www.whitehouse.gov/the-press-office/2012/01/24/remarks-president-state-union-address http://marketing.dice.com/pdf/Dice_Vlastelica_EngagingPassiveCandidates_Partl.pdf http://www.adeccousa.com/engineering-and-technical/employer-services/resource-center/Pages/fill-your-STEM-jobs-with-top-STEM-talent.aspx https://georgetown.app.box.com/s/cyrrabiyirjy64uw91f6 http://www.usnews.com/education/blogs/college-rankings-blog/2013/06/18/top-ranked-universities-that-grant-the-most-stem-degrees http://www.staffingindustry.com/Research-Publications/Publications/Cws-3.0/April-9-2014/Lottery-for-H-18-Visas better work, better life

The Science of Attracting STEM Workers

shared by NowSourcing on Aug 07
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We all know that STEM is the way of the future yet not enough students are majoring in these fields. With a short worker supply, what's the best way to attract STEM workers?

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Adecco

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Now Sourcing 1

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stem

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Business
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