A report from the immigration think tank MigrationWatch has revealed that more than a million of the highest-qualified and best-trained Britons are moving abroad. The study also exposes that no other country loses as many university graduates through emigration as the UK.
This brain drain has resulted in Britain’s most talented and skilled moving to countries such as Australia, Germany and the US in order to boost their careers. Research from GfK (one of the largest market research companies in the world) suggests that people are driven by a desire to escape the high costs of living and the static wages of the country.
UK businesses face a significant loss of talent just at the time when they need it the most. The UK Border Agency Shortage Occupation list includes civil engineers, mechanical engineers and electrical engineers among others. It has been suggested that not enough efforts are being made to keep the brightest and the best in the country.
The brain drain is apparently higher among younger workers with 36% of those aged 18-29 willing to move. This is already beginning to impact on the UK engineering market in particular, which is now facing problems of an ageing workforce and not enough new talent to cover the deficit.
What needs to be done?
As talent plays an important role in helping a country develop, more needs to be done to keep hold of our skilled workers. The technical and engineering sector needs to cultivate a sense of security and hope among the elite and demonstrate confidence in the UK’s economy. The industry therefore needs to provide more competitive packages to workers to stay in the country such as employers offering subsidised training, and apprenticeships.
Other ways to encourage Britain’s talent into the UK industry could be to offer financial incentives to university students on Science, Technology, Engineering and Math (STEM) courses, or for engineering graduates to pay less tuition fees than other subjects.
At CBSbutler we are trying to tackle this issue by supporting initiatives that encourage younger people into science, technology, engineering and maths careers. Experiencing firsthand the shortages in the industry, which is set to continue in the following years, we encourage teachers to dispel the myth that these subjects are geeky and discover how fun maths and science can be. Each year we hold an annual Festival of Science and Engineering with SATRO (a charity aimed at increasing the number of pupils taking up STEM subjects) and provide funding, PR promotion and judging support for various school competitions.
Let us know what you think. What more can be done to keep Britain’s talent at home?
