Here is a hint for all you Talent Leaders in the technology field who feel your executive management team just don’t quite get the Talent problem we all face today.
Get the Wall Street Journal editorial page 4.19.06 and read the op-ed by Robert J. Stevens Chairman, President and CEO of Lockheed Martin entitled 'Social Engineering'. Read it 5 times, commit the numbers and assessments to heart and share the article with your executive staff as quickly as possible.
Now what? That’s a good question. Lockheed as well as a number of other technical firms have assessed the numbers of technical talent needed over the next few years as 'boomers' retire. The bottom line is that there are not enough educated in the US to satisfy the need and it appears we are doing little about it. Lockheed alone plans to hire over 140,000 graduates in the next 10 years and we currently graduate 62,000 science and technical students a year in the US. Considering all the other companies with the same problem as Lockheed the numbers don't work.
Do we outsource more of our technical work requirements? What does our economy become if we do? Are we going to remain satisfied with our low rating when our high school and college students are compared to others around the world? Our high school students rank near the bottom.
NEAR THE BOTTOM! How did we let this happen? Recently high school students in the Netherlands were tested and compared to students in the US who took the same test. The students were all interviewed and the students in the Netherlands tested so much higher they laughed. They stated, the US will decline because if we can't compete at that level we won't at the professional level in the future. Are they right?
Well, the past is past. We end the book 'Talent Force' with a Chinese proverb, 'the best time to plant a tree was 20 years ago - the next best time is now'. We can not wait and need to take action now. Mr. Stevens has some very interesting ideas- beginning with paying our teachers a competitive and desirous wage. We would add accountability to that as the lack of it - (thank the NEA) has lead to our current spot at the bottom of the heap. It is time for change and time for action.
Maybe leaders like Mr. Stevens will motivate some of to wake up and do something!
Let's hope - time's a wasting...