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Where STEM Talent Comes from


The opportunity for STEM employment is growing rapidly. The job-growth rate for STEM is 17% as opposed to non-STEM growth at 9.8%.


India’s technology sector is expected to grow six-fold over the course of the next seven years,


The South Korean government just pumped $200B into a new green smart grid that will create at least 500,000 jobs, and


Britain is projecting an 80% increase in demand for biological science graduates and a 49% increase in demand for math and science graduates from now until 2017.


So with all this great emerging job opportunity, where’s the problem? The problem is that the US is falling behind in STEM productivity and innovation.


In a study by the Information Technology and Innovation Foundation, the US ranked 6th out of 40 on innovation and competitiveness.


In 2009 for the first time in history, more than 50% of US patents were awarded to non-US companies.


In 1981, the US fielded 40% of all published research papers in the world – which shrank to 29% just four years ago.


During that same period, Europe went from producing a third of them to 36% and the Asia-Pacific nations made a huge jump from 13% in 1981 to a third of all published research in 2009.


China is the world’s second-largest producer of research papers with 11% of the world’s total, only second to the US.


US companies have a huge talent pool to source from, but it’s just plain difficult to


recruit international STEM talent. According to a recent Accenture study, 24% of executives in firms where R&D is critical said that STEM skills were located in other countries rather than where they’re needed, and 21% of them said that the supply of the skilled talent they need is extremely small or non-existent locally. In fact, only 17% of executives felt they were even well-positioned to source talent worldwide.


The problem with sourcing international talent is that it takes a lot of time and money to find them; and once found, a firm has extra costs associated with relocation and work Visas. Even when they’re found, they may not want to move, there may be governmental policies, employment, and immigration laws that forbid them to come work in the US (to incentivize them to stay in their home country and work), or their country’s infrastructure simply makes them unobtainable.


So American companies need STEM talent –


there’s a lot of talent around the world but it’s oſtentimes just too hard to get – so where’s all the American talent?


Let’s take a look at the talent factories.


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