{"id":5634,"date":"2024-08-08T13:35:00","date_gmt":"2024-08-08T13:35:00","guid":{"rendered":"https:\/\/hires.group\/?p=5634"},"modified":"2025-09-08T13:42:03","modified_gmt":"2025-09-08T13:42:03","slug":"engineering-talent-shortage","status":"publish","type":"post","link":"https:\/\/hires.group\/en\/engineering-talent-shortage\/","title":{"rendered":"Bridging the gender gap: a solution to the engineering talent crisis"},"content":{"rendered":"\n

Following up on her article \u2018engineering change for women-in-work<\/a>\u2019 Technical Hires Co-Founder Chloe Khatcherian examines the talent shortage in engineering and how empowering women could be the answer.<\/p>\n\n\n\n

Economic & employment overview<\/strong><\/h3>\n\n\n\n

\u2018Despite the Federal Reserve\u2019s interest rate hike aimed at slowing down inflation, the job market is thriving. The latest figures on the US economy suggests an employment market as buoyant as ever. 303,000 jobs were added in March with unemployment falling 0.1% to 3.8% in February. Beating the predictions of economists polled by Reuters:<\/p>\n\n\n\n

\u201cThe unemployment rate has remained below 4% for 26 straight months, the longest such stretch since the late 1960s\u201d.<\/p>\n\n\n\n

Particularly notable is the construction sector, which saw the addition of 39,000 new jobs, double the average monthly gain over the last 12 months. However, could this good news be masking a talent crisis fast approaching, if not already here?<\/p>\n\n\n\n

The engineering talent dilemma<\/strong><\/h3>\n\n\n\n

The engineering sector, critical to US infrastructure and technological advancement, faces a dramatic talent shortfall.<\/p>\n\n\n\n

According to a research paper from BCG & SAE International, the US will need about 400,000 new engineers every single year to bridge the talent gap fuelled by economic growth and legislative policies like the 2022 Build Back Better Act.<\/p>\n\n\n\n

The current reality is already startling.  According to the Bureau of Labor Statistics (BLS) 33% of new engineering roles currently go unfilled, with the problem only set to get worse as demand growths 13% each year over the next decade. Reaching 186,000 vacancies across the US by 2031.<\/p>\n\n\n\n

New engineering roles versus available supply of new engineering talent (thousands):<\/p>\n\n\n\n

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