PRESENTED BY IN PARTNERSHIP WITH

Aviation Week Executive Summit

Workforce StudyLaunched in 1996Expanded in 2001 to partner with AIAExpanded in 2004 to partner with AIA, NDIA,

AIAA

A&D Employment

• Dept of Labor Stat/AIA

Age Distribution

• Retirement Rates

Significant Data

Engineering Open Requisitions

% Hiring Off Campuses

RetirementRate

2009 8,294 11.28% 2.06%

2008 10,819 NA 5.7%

Retirements - More

Critical Talent Demands

• Systems Engineering (2,511)• Software Engineering (1,755)• Mechanical (1,011)• Electrical (867)• Aero (333)

Voluntary Attrition

• Continues to climb among Yps• Climbing among hourly workforce/highly

skilled craftsmen• Hiring and lower attrition at mid-career have

smoothed the gap

Compensation

• Pay increases 2009 averaged 2.03%, down from 4.32%

• Promotions being used by smaller companies to retain; promotion rates remain stable but not growing

Other factoids

• If everyone strives to hire those with 3.5 GPA, can’t meet hiring needs (bell curve of graduating class indicates ~ 7,000 of TOTAL grads hit that number– Grad school– Finance– Consulting– A&D

Other factoids

• Retirement seen as “big company/agency” issue

• Diversity

Young Professionals - 2010

Career Intent

They are looking!

If Compensation is Equal…

• Benefits• Technological/intellectual challenge• Ability to advance• Be part of solving a major problem• Career counseling/coaching/internal courses

not viewed as highly as additional coursework/degrees/specific plan

Factors Affecting Decisions

• Direct Supervisor• Life balance/work flexibility• Independence• Variety• Feel valued/able to contribute

University Survey

Top Career Choices: Academia, Defense, Natl Security (67% A&D)54% plan to remain same profession > 15 yearsTeacher, other adult primary influence on academic majorLeast cited reason for engineering career choice: desire to serve???

Perspectives on Careers

• Those interested in A&D– Interest in aircraft, defense or space– Ability to be on high profile projects– Technological challenge– Job availability during downturn

• Those note interested in A&D– Never known anyone in A&D– Salaries lower– Not interested in aircraft, defense, space

YP vs Univ Student: Selection of Major

Young Professional University Student

Personal Interests Personal Interests

Ability to Make Money Respect for the profession

Respect for the Profession Desire to contribute to society

For 2011

• Surveys out; due May 23• University Student survey – last two weeks

Apr• YP Survey – through May 20• Open survey at www.aviationweek.com May

9-30

New for 2011

• Tabulating data by size of organization• New AIA segment regarding STEM and

Education investment; metrics used to gauge impact

• Those organizations participating in YP study receive comp of organization / aggregate

• Universities: Cal Poly, Va Tech, GA Tech, Purdue, Michigan, Penn State, MIT