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Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage – Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Dr. Mae C. Jemison Bayer-Change.

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Presentation on theme: "Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage – Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Dr. Mae C. Jemison Bayer-Change."— Presentation transcript:

1 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage – Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Dr. Mae C. Jemison Bayer-Change the Equation STEM Salon Tuesday, October 22, 2013

2 Name der Präsentation Page 2 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Bayer Facts of Science Education XVI Survey Respondents 11-20 >20

3 Name der Präsentation Page 3 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Bayer Facts of Science Education XVI Survey Respondents 11-20 >20

4 Name der Präsentation Page 4 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Bayer Facts of Science Education XVI Industry Overview Industry Classification Manufacturing (Net)37% Business and Professional Services (Net)21% Transportation, Communications, Utilities (Net)16% Finance, Insurance, Real Estate (Net)13% Retail Trade (Net)7% Wholesale Trade (Net)4% Mining (Net)2% STEM Classification STEM Company40% Non-STEM Company60%

5 Name der Präsentation Page 5 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Creation of New Jobs Bayer Facts of Science Education XVI Creation of New Jobs STEM Companies87% Manufacturing86% Non-STEM53% Today: More New STEM Jobs Created than Non-STEM Yes No Don’t know Prefer not to say 4% 28% 67% 1%

6 Name der Präsentation Page 6 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate STEM Companies85% Manufacturing84% Non-STEM68% 7% 17% 75% 1% Creation of New Jobs Bayer Facts of Science Education XVI Creation of New Jobs Future: More STEM Jobs Created than Non-STEM Yes No Don’t know Prefer not to say

7 Name der Präsentation Page 7 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate 89% 9% Yes No Don’t Know 43% 45% 12% Hiring STEM Professionals Bayer Facts of Science Education XVI Hiring STEM Professionals Base: Total respondents who see 2-year STEM degree holders (n=118) Base: Total respondents (n=150) STEM Companies97% Manufacturing95% Is Competition Fierce For STEM Degree Holders? Four-Year STEM DegreeTwo-Year STEM Degree 2%

8 Name der Präsentation Page 8 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Hiring STEM Professionals Bayer Facts of Science Education XVI Hiring STEM Professionals Programs Offered to Find Qualified STEM Job Candidates Yes, Offer 4-Year Colleges or Universities2-Year College/Technical School Offer any programs (Net)99%53% Internships95%29% Recruitment programs91%37% Summer employment or job programs81%32% Partnerships and/or co-op programs71%28% Scholarships45%10% Manufacturing89% Manufacturing80%

9 Name der Präsentation Page 9 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Hiring STEM Professionals Bayer Facts of Science Education XVI Hiring STEM Professionals Current Demand for STEM Degree Holders for Non-STEM Jobs Base: Total respondents who see 2-year STEM degree holders (n=124) Two-Year STEM Degree Base: Total respondents (n=150) Four-Year STEM Degree

10 Name der Präsentation Page 10 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Hiring STEM Professionals Bayer Facts of Science Education XVI Hiring STEM Professionals Demand for STEM Degree Holders for Non-STEM Jobs in Next 10 Years Base: Total respondents (n=150) Base: Total respondents who see 2-year STEM degree holders (n=129) Two-Year STEM DegreeFour-Year STEM Degree

11 Name der Präsentation Page 11 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate African- American Males African- American Females Hispanic or Latino Males Hispanic or Latina Females American Indian Males American Indian Females Caucasian Males Caucasian Females Asian Males Asian Females Hiring STEM Professionals Bayer Facts of Science Education XVI Hiring STEM Professionals Base: Total respondents who see 2-year STEM degree holders (n=99) 2-year STEM degree Base: Total respondents (n=150) 4-year STEM degree Percent Recruiters Seeing Adequate Number of Qualified Candidates by Race/Ethnicity and Gender

12 Name der Präsentation Page 12 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate 55% 29% Yes No Don’t Know 50% 47% Base: Total respondents (n=150) Base: Total respondents who see 2-year STEM degree holders (n=101) Finding Qualified Candidates in Timely Manner Two-Year STEM DegreeFour-Year STEM Degree Hiring STEM Professionals Bayer Facts of Science Education XVI Hiring STEM Professionals Manufacturing55% 3% 16%

13 Name der Präsentation Page 13 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate The Pipeline Bayer Facts of Science Education XVI The Pipeline Is Difficult Recruitment Due to Shortage of Qualified Candidates with STEM Skills? 90% 10% Yes No Don’t Know 94% Base: Total respondents who cannot find an adequate number of qualified job candidates (n=71) Base: Total respondents who see 2-year STEM degree holders and cannot find an adequate number of qualified job candidates (n=29) Two-Year STEM DegreeFour-Year STEM Degree 2% 4%

14 Name der Präsentation Page 14 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate The Pipeline Bayer Facts of Science Education XVI The Pipeline Does Current Workforce Shortage = Open, Unfilled STEM Jobs? 48% Yes No Don’t Know 68% Base: Total respondents who cannot find an adequate number of qualified job candidates (n=71) Base: Total respondents who see 2-year STEM degree holders and cannot find an adequate number of qualified job candidates (n=29) Two-Year STEM DegreeFour-Year STEM Degree 4% 28% 48% 4% Manufacturing71%

15 Name der Präsentation Page 15 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate The Pipeline Bayer Facts of Science Education XVI The Pipeline Is a Shortage of Qualified Candidates Expected in Next 10 Years? 32% Yes No Don’t Know 68% Base: Total respondents (n=150) Base: Total respondents who see 2-year STEM degree holders (n=113) Two-Year STEM DegreeFour-Year STEM Degree 21% 43% 25% 11% STEM Co.78% Services77% Manufacturing75% Non-STEM Co.61%

16 Name der Präsentation Page 16 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate The Pipeline Bayer Facts of Science Education XVI The Pipeline Yes No Don’t know Not applicable STEM Co.58% Services58% Manufacturing55% Non-STEM Co.38% Services53% Results of Unfilled STEM Jobs Lower productivity Lower revenue Limits to business growth Increased recruitment of job candidates from other countries

17 Name der Präsentation Page 17 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Bayer Facts of Science Education XVI Manufacturing Industry Talent Recruiters are more likely than their counterparts in other industries to report: Competition is fierce for four-year STEM graduates with engineering degrees79% Difficulty finding qualified four-year STEM degree job candidates in a timely manner55% More new STEM jobs than new non-STEM jobs being created at their companies today86% 10 years from now, more new STEM jobs than new non-STEM jobs will be created at their companies84% A shortage of qualified four-year STEM degree job candidates in the next 10 years75% They offer four-year STEM students summer employment/jobs programs89% They offer four-year STEM students partnership/co-op programs80% Increased recruitment of employees from overseas due to STEM job vacancies at their companies55% That community colleges are an essential but often overlooked component of the U.S. STEM education system 84% A Strong Manufacturing Industry Voice Emerges

18 Name der Präsentation Page 18 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Hiring STEM Professionals Bayer Facts of Science Education XVI Hiring STEM Professionals Programs Offered to Find Qualified STEM Job Candidates Yes, Offer 4-Year Colleges or Universities2-Year College/Technical School Offer any programs (Net)99%53% Internships95%29% Recruitment programs91%37% Summer employment or job programs81%32% Partnerships and/or co-op programs71%28% Scholarships45%10% Manufacturing89% Manufacturing80%

19 Name der Präsentation Page 19 Bayer-CTEq STEM Salon, October 22, 2013 Bayer Facts of Science Education XVI: U.S. STEM Workforce Shortage — Myth or Reality? Fortune 1000 Talent Recruiters on the Debate Fundamental Bayer Facts of Science Education XVI Fundamental CRISIS Shortage of STEM Talent Reality or Myth?

20 For more information on the Bayer Facts of Science Education XVI, please visit www.bayerus.com/msms


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