The demand for skilled employees in UK’s prosperous sectors like science and tech is a well-publicised crisis. The latest British Chambers of Commerce Quarterly Economic Survey has indicated that the skills shortage is reaching a critical level.
To meet the need, there is a strong requirement for a combination of valuable economic skills and high-level technical education. Student enrolments in fields like computer science and technology are growing; however, the number of new jobs in these high-growth sectors are still far greater than the supply.
Industry vacancies against undergraduate enrolments were compared by the research team at Bidwells and it was found that the gap between vacancies and enrolments in the professional and scientific tech sector was at -69.49 per cent.
Will Heigham, Lead Partner for Science and Technology at Bidwells, said: “Preliminary results of our survey of major international R&D companies indicate skilled labour is the most important issue for companies when choosing sites for R&D facilities. The UK urgently needs to put in place measures to both deliver homegrown talent for the future as well as ease the process for attracting the best in class globally.”
Science and technology jobs are expected to grow twice as fast as other sectors. More than 140,000 new jobs in science, research, engineering and technology are anticipated by 2023.