This week, our charts feature the latest insights in aviation—from soaring fleet demands to landing the right talent and more.
The global aerospace and defense sector is thriving, yet finding enough skilled workers remains a persistent challenge. To bridge the talent gap, employers operating internationally might have to implement strategies tailored to specific regions or countries, as effective solutions will vary by location, say senior partner Brooke Weddle and colleagues. For instance, a McKinsey talent survey shows that in Europe, factors such as pay, career progression, and impactful work influence employees’ decisions to join or leave companies. In contrast, in the United States, workplace flexibility and coworker relationships play a bigger role.
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Two stacked tables show how employees in the aerospace and defense industry value different experience factors when they join a company, decide to stay at a company, and leave a company, based on region. In Europe, the top factor for employees when joining a company is compensation, followed by career development and workplace flexibility. The top factor for staying is compensation, safe workplace (ranked 5 when joining), and workplace flexibility. The top factor when leaving is compensation, followed by career development and inspiring leadership (ranked 11 when joining). In the US, the top factor for employees when joining is meaningful work, followed by coworkers and workplace flexibility. The top factor for staying is compensation, followed by workplace flexibility and meaningful work. The factor ranked highest when leaving is compensation, followed by career development (ranked 8 when joining) and health and well-being (ranked 7 when joining).
Source: McKinsey Talent Trends Survey, advanced industrial companies, including aerospace and defense (n = 1,546), Jan 2023.
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To read the article, see “The talent gap: The value at stake for global aerospace and defense,” July 17, 2024.