The State of STEM and How It Impacts Your Hiring Pool
- Jul 19, 2016
There’s a significant job market shortage of people with science, technology, engineering and math (STEM) backgrounds, but employers know that the future of the economy is in STEM. The goal of STEM is to encourage and foster intellectual, entrepreneurial and technical talent so that the jobs of tomorrow can be sufficiently met. One of the biggest challenges employers currently face is the fact that STEM-capable candidates are turning away from STEM occupations at every level. The numbers are sobering:
- More than 75% of qualified STEM candidates never pursue related careers.
- Nearly 40% of students who begin college with a STEM major do not graduate with one.
- Over 80% of college graduates with a STEM-related degree do not have a job waiting for them after graduation.
- More than 45% of candidates who have a BS degree in a STEM discipline leave the field after 10 years.