Key Highlights
- The aerospace industry is projected to create over 2 million new jobs globally by 2038
- Approximately 85% of aerospace companies report difficulty in recruiting skilled engineers
- The average age of aerospace manufacturing workers is 45 years, with a significant portion nearing retirement
- Women represent about 20% of the aerospace workforce, with a goal to reach 30% by 2030
- The aerospace sector invests approximately 4% of its revenue into R&D annually
- 65% of aerospace companies offer apprenticeships or vocational training programs
- The total employment in aerospace manufacturing in the US was over 500,000 in 2022
- 30% of aerospace HR managers reported challenges in retaining skilled technicians
- The turnover rate in aerospace manufacturing is around 9%, lower than the manufacturing industry average of 15%
- 40% of aerospace companies plan to increase their use of automation in HR processes within the next 5 years
- Over 70% of aerospace firms are actively recruiting international talent to fill skilled positions
- Aerospace industry reported a 12% increase in remote working policies for HR staff during the pandemic
- The average salary for aerospace engineers in the US was $118,500 in 2022
The aerospace industry is soaring to new heights, with over 2 million jobs projected globally by 2038 amidst ongoing challenges in recruiting skilled engineers, fostering diversity, and leveraging innovative HR technologies to secure its future workforce.
Compensation and Salary Insights
- The average salary for aerospace engineers in the US was $118,500 in 2022
- The gender pay gap in aerospace engineering roles is approximately 12%, with companies actively working to reduce it
Compensation and Salary Insights Interpretation
Employment Trends and Industry Growth
- The aerospace industry is projected to create over 2 million new jobs globally by 2038
- The total employment in aerospace manufacturing in the US was over 500,000 in 2022
- Aerospace industry reported a 12% increase in remote working policies for HR staff during the pandemic
- The demand for cybersecurity specialists in aerospace HR departments has grown by 25% over the past two years
- The global aerospace workforce is expected to grow at a CAGR of 3.1% through 2030
- The percentage of aerospace companies adopting flexible work arrangements reached 65% in 2023
- Public sector aerospace employment grew by 2% in 2022, while private sector saw a 4% decline
- The number of apprenticeships in aerospace manufacturing increased by 22% from 2019 to 2022
- The rate of internal mobility within aerospace companies is 35%, with higher rates observed in large multinational firms
Employment Trends and Industry Growth Interpretation
Recruitment, Retention, and Employee Engagement
- Approximately 85% of aerospace companies report difficulty in recruiting skilled engineers
- 30% of aerospace HR managers reported challenges in retaining skilled technicians
- The turnover rate in aerospace manufacturing is around 9%, lower than the manufacturing industry average of 15%
- Over 70% of aerospace firms are actively recruiting international talent to fill skilled positions
- 25% of aerospace companies use AI-driven HR tools for recruitment and talent management
- The retention rate for aerospace technicians after 3 years is approximately 85%, higher than in manufacturing industries
- About 60% of aerospace HR managers report difficulties in succession planning
- 45% of HR professionals in aerospace report that workforce attrition is their biggest challenge
- Approximately 60% of aerospace companies report difficulty in finding qualified candidates for senior management positions
- The average tenure of HR directors in the aerospace industry is around 4.5 years, indicating relatively high turnover
- Nearly 80% of aerospace HR managers believe automation will significantly impact their recruitment processes in the next decade
- Over 50% of aerospace companies report using data analytics to improve HR decision-making
- About 25% of aerospace firms report increased investments in employee wellness programs in 2023
- 43% of aerospace HR teams plan to increase their focus on sustainability initiatives as part of their corporate responsibility
- 60% of aerospace HR departments cite talent acquisition as their biggest strategic priority for 2023
Recruitment, Retention, and Employee Engagement Interpretation
Training, Development, and Digital Adoption
- The aerospace sector invests approximately 4% of its revenue into R&D annually
- 65% of aerospace companies offer apprenticeships or vocational training programs
- 40% of aerospace companies plan to increase their use of automation in HR processes within the next 5 years
- Employee training hours per aerospace worker increased by 15% from 2019 to 2022
- The use of simulation-based training in aerospace HR programs increased by 30% between 2018 and 2022
- 55% of aerospace HR departments report challenges in aligning employee skills with evolving technological requirements
- Aerospace industry is investing approximately $1 billion annually in workforce development programs worldwide
- The percentage of aerospace employees receiving ongoing technical training is 70%, up from 55% five years prior
- The implementation of digital HR platforms in aerospace companies increased by 40% during the COVID-19 pandemic
- The adoption of e-learning platforms for aerospace technical training increased by 33% during 2020-2022
- About 15% of aerospace HR professionals are certified in HR-specific disciplines such as SHRM or HRCI, indicating room for growth in HR specialization
Training, Development, and Digital Adoption Interpretation
Workforce Demographics and Diversity
- The average age of aerospace manufacturing workers is 45 years, with a significant portion nearing retirement
- Women represent about 20% of the aerospace workforce, with a goal to reach 30% by 2030
- Aerospace companies with diversity & inclusion programs report 20% higher employee satisfaction
- Roughly 15% of aerospace HR budgets are allocated to diversity recruitment initiatives
- The aerospace industry has seen a 20% increase in women pursuing STEM degrees related to aerospace careers in the last decade
- 35% of aerospace companies have implemented mental health support programs for employees
- The average age of aerospace HR professionals is 41 years, with a 5% increase in early-career HR personnel over recent years
- Approximately 70% of aerospace employees believe their companies are committed to diversity and inclusion, though only 45% feel they are sufficiently represented
- 52% of aerospace companies have established early talent pipelines through partnerships with universities
- The ratio of HR staff to total employees in aerospace companies is approximately 1:50, reflecting lean HR teams relative to workforce size
Workforce Demographics and Diversity Interpretation
Sources & References
- Reference 1IATAResearch Publication(2024)Visit source
- Reference 2PWCResearch Publication(2024)Visit source
- Reference 3BOEINGResearch Publication(2024)Visit source
- Reference 4SAEResearch Publication(2024)Visit source
- Reference 5NASAResearch Publication(2024)Visit source
- Reference 6AVIATIONCAREERSResearch Publication(2024)Visit source
- Reference 7BTSResearch Publication(2024)Visit source
- Reference 8RECRUITERResearch Publication(2024)Visit source
- Reference 9BLSResearch Publication(2024)Visit source
- Reference 10MCKINSEYResearch Publication(2024)Visit source
- Reference 11CSOONLINEResearch Publication(2024)Visit source
- Reference 12DIVERSITYINCResearch Publication(2024)Visit source
- Reference 13INDUSTRYAEROResearch Publication(2024)Visit source
- Reference 14HRDIVEResearch Publication(2024)Visit source
- Reference 15TECHOPEDIAResearch Publication(2024)Visit source
- Reference 16SCIENCEDIRECTResearch Publication(2024)Visit source
- Reference 17HRDAILYResearch Publication(2024)Visit source
- Reference 18FLEXJOBSResearch Publication(2024)Visit source
- Reference 19BAINResearch Publication(2024)Visit source
- Reference 20MHANATIONALResearch Publication(2024)Visit source
- Reference 21HEALTHCAREITNEWSResearch Publication(2024)Visit source
- Reference 22GENDERINTECHResearch Publication(2024)Visit source
- Reference 23SUSTAINABILITYREPORTINGResearch Publication(2024)Visit source
- Reference 24FORBESResearch Publication(2024)Visit source
- Reference 25SHRMResearch Publication(2024)Visit source