Job Security Takes Priority over Pay Rise for STEM Professionals, Reveals SThree Study

According to the latest study titled ‘How the STEM World Evolves’ conducted by STEM staffing specialists SThree, professionals in the field of Science, Technology, Engineering, and Mathematics (STEM) are prioritizing job security over attractive salaries and benefits. The study highlights that more than half (53%) of STEM professionals consider job security as a key concern and prefer to retain their current roles instead of seeking pay raises, with only 16% disagreeing.

Flexibility in work arrangements, a sense of purpose, and opportunities for upskilling are among the top priorities for STEM professionals, surpassing attractive salaries and benefits. The study reveals that 81% of respondents find personal purpose at work to be a significant driving factor. Additionally, there is some concern about the impact of AI and automation on job security, with 34% of STEM professionals fearing potential job loss due to these advancements.

The study, conducted in collaboration with insight specialists IntelliSurvey, emphasizes the shifting expectations of STEM professionals. Job security and flexibility have taken precedence over pay, with 53% considering job retention more important than pay raises. Furthermore, 50% of respondents would choose career-developing projects over higher earnings, and 63% believe that the ability to continue working flexibly will significantly impact their careers.

Timo Lehne, CEO of SThree, commented on the study, stating that it highlights the priorities of STEM professionals and their emphasis on job security, flexibility, and a sense of purpose. He also noted the concerns regarding AI and automation, as well as the importance of upskilling. Lehne emphasized the need for employers in STEM industries to be proactive in meeting these evolving expectations to attract and retain skilled talent.

The study also revealed an increasing concern about workplace wellbeing among STEM professionals, with 28% expressing heightened worries in this regard. Furthermore, younger professionals are more susceptible to fears of job loss due to AI and automation, with 44% expressing their vulnerability.

As the job market becomes more candidate-driven, employers in the STEM field must adapt to these changing expectations to effectively attract and retain top talent.

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