Sustainability and Environment
Aerospace Needs Top Talent To Achieve Green Future
McKinsey analysts say skills and supply chain headaches are holding back aerospace, but there are major opportunities from the quest for sustainability.
Photo: David McIntosh
Photo: David McIntosh

Aerospace and defense companies need to urgently recalibrate their approach to recruiting and retaining skilled employees or risk a worsening brain drain with talent gravitating to other technology sectors, according to a new report published today by management consultant McKinsey & Company. It says an industry with 50,000 unfilled positions is losing staff at a rate 6 percent higher than other sectors and at the same time is losing out in recruiting new talent due to factors including a failure to compete with tech companies’ pay rates that, for example, typically run twice as high for software engineers.