Job security beats a pay raise for U.S. STEM professionals
Jul 19, 2023
London, UK. 18th July 2023
London, England, United Kingdom - July 19, 2023 /MarketersMEDIA/ —
London, UK. 18th July 2023 - In its latest study 'How the STEM World Evolves' STEM talent experts Specialist Staffing Group find that professionals in the USA value personal purpose, job security, and workforce diversity.
- 63% of STEM professionals in the U.S. agreed that keeping their current job or contract was more important to them than seeking a higher salary. Only 15% disagreed with this.
- Pay transparency remains a high priority with 86% agreeing that it is important to know that they are being paid fairly.
- 90% of respondents ranked personal purpose at work as something important to them.
- Commitment to diversity and inclusion also ranks highly among STEM professionals in the USA with 74% agreeing that this was a motivation in their career – the same percentage (74%) noted a desire to work for employers with diverse leadership.
In its latest market study How the STEM World Evolves, conducted with insight specialists IntelliSurvey, Specialist Staffing Group has found that Science Technology Engineering and Mathematics (STEM) professionals are seeking flexibility in work, and a sense of purpose, while pay transparency and commitments to diversity hold significant importance to STEM workers across the USA.
While pay remains important, job security and work flexibility are taking precedence. 63% of US STEM professionals consider job retention more important than pay raises. Just 15% of respondents ranked pay as more important than job security. Additionally, a massive 80% would choose projects that keep their skills up to date over higher earnings.
Personal purpose at work is now a driver for 90% of respondents. An employer’s environmental credentials or aspirations are ranked as important or very important by 70% of U.S.-based professionals. 63% stated that ability to work remotely was important for their next role.
Diversity and inclusion workforce ranks highly among US STEM professionals with 74% agreeing that this was a motivation in their career. The same percentage (74%) noted a desire to work for employers with diverse leadership.
On the launch of the study Sunny Ackerman, President, Specialist Staffing Group, said: “Our latest study 'How the STEM World Evolves' underscores that STEM professionals in the U.S. are driven by more than their paycheck. Job security reigns supreme, with 63% prioritizing their current role over seeking a higher salary. Transparency in pay is also critical, with 86% asserting its importance. An overwhelming majority, 90%, seek personal purpose at work, while 74% are motivated by diversity and inclusion in their career. Our findings show a significant shift in professional aspirations, highlighting the need for employers to adapt and cater to these evolving expectations."
On workplace wellbeing a quarter (25%) of respondents noted being more worried about their own well-being over the preceding 12 months.
Of all U.S. respondents in the 39% stated that they were likely to seek new employment, or a new contract, within the next 12 months.
Please access the full report at: How the STEM World Evolves
ENDS
About Us: Study methodology The survey underpinning the How the STEM World Evolves study was conducted by IntelliSurvey, global insight and survey data specialists. There were more than 2,300 participants across the key markets of Germany, The Netherlands, USA, UK, and Japan. 501 respondents came from across the USA with 89% in permanent employment and 11% self-employed or working as contractors. The survey was carried out in April and May of 2023. About Specialist Staffing Group Specialist Staffing Group brings skilled people together to build the future. We are the only global STEM specialist talent partner focused on roles in Science, Technology, Engineering, and Mathematics (‘STEM’), providing permanent and flexible contract talent to a diverse base of more than 8,200 clients across 14 countries. Our Group’s c.2,800 staff cover the Technology, Life Sciences, and Engineering sectors.
Contact Info:
Name: Donna McGrory
Email: Send Email
Organization: S Three
Phone: +442072926808
Website: https://www.specialiststaffinggroup.com/en-us/insights-and-research/how-the-stem-world-evolves/
Social Media:
Twitter: SThreePlc
Instagram: SThreeCareers
LinkedIn: company/sthree-plc
Release ID: 89102680
In the event of any inaccuracies, problems, or queries arising from the content shared in this press release, we encourage you to notify us immediately at [email protected]. Our diligent team will be readily available to respond and take swift action within 8 hours to rectify any identified issues or assist with removal requests. Ensuring the provision of high-quality and precise information is paramount to us.
More News
US bans DeepSeek AI from government use as tech tension with China continues
DeepSeek is a powerful, popular and relatively inexpensive artificial intelligence model out of China.
Saudi Arabia Postpones Its FII Investment Event After Houthi Attacks
The Future Investment Initiative, a centerpiece of Saudi efforts to diversify its economy from its reliance on the energy industry, was set to begin next week.
Can Cereal Be Healthy? Big Companies Are Trying.
As more Americans turn away from the snap, crackle and sugar, the industry is trying to capitalize on our current obsession with wellness.
Strong Exports Stabilize China’s Economic Growth in Official Statistics
A prolonged housing crash, sluggish consumer spending and plunging investment have left China dependent on exports to keep the economy growing.
Vinted blocks French looters listing stolen goods for sale
The platform said since the weekend it had "taken immediate action to idenitify and remove listings linked to looting".
Bikes 'not for jousting,' says Lime after duel video
Footage emerged on social media of hundreds of people gathered in east London to watch a bike joust.
Elon Musk Says He Will Give a SpaceX Share to ‘Every Kid in America’
Anthropic, an A.I. rival to SpaceX, earlier said it would form a “public benefit fund” and other tech moguls have contributed to savings accounts for children.
Home sellers cut asking prices on 3,000 properties a day
More property asking prices are being cut than at any time in 15 years, data shared with the BBC shows.
Bereaved families could face 'unjust' tax bill after civil service pension delays
The chairman of Parliament's Public Accounts Committee says families should not be taxed through no fault of their own.
Anthropic’s I.P.O. Charity
The artificial intelligence giant plans to contribute 5 percent of its stock into a philanthropic fund. But its generosity depends on the A.I. boom continuing.
People playing loud music on buses could face £100 fine
Antisocial behaviour on buses in England could lead to fines while a new campaign is also being launched for trains. A national campaign asking rail passengers "share the carriage, not the noise" is being launched.
What are the new faces coming to UK bank notes?
Banknotes are getting a nature-themed makeover – and the Bank of England has revealed the four creatures that will feature on our money.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.