The Leadership Agenda
Explore nowThe aerospace and defence (A&D) industry is changing rapidly, but many of its employees aren’t ready. In PwC’s 2023 Global Workforce Hopes and Fears Survey, A&D workers were less likely than overall respondents to rate key skills such as data analytics as important to their career over the next five years. Only 30% of A&D workers said that the skills needed to do their job would change significantly in the next five years, compared with 36% of all respondents.
These views likely reflect the makeup of the A&D workforce, nearly one-third of which is 55 or older. That creates a dual challenge for leadership teams. Not only are older employees in the survey less likely than younger workers to say that the skills required for their job will change in the next five years, but as the sector faces a wave of retirements over the next ten to 20 years, it runs the risk of being unable to attract talent fast enough to fill the ranks. One aerospace and defence analysis projects a shortfall of 3.5 million workers by 2026. Here’s how A&D firms can address this talent challenge head-on:
The A&D sector is poised for growth, but its ability to capitalise on that opportunity is only as strong as its talent pipeline.
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