Aerospace Sector Briefing No: 1/2018
Aerospace Sector Update – 1/2018
Ramsey Hall has been working closely with aerospace & defence sector clients since 1991. Our aerospace briefings build on a common theme, skills and leadership.
An analysis of the sector is revealing:
- Sector turnover is £31 billion annually (ADS figures)
- 23% sector growth since 2010
- 19% productivity increases since 2010 are mainly driven by the sector giants
- 60% of companies expect growth in the next 12 months
- 30% of employers are worried about skills
As Steve Baker MP recently said:
“Employers must accept responsibility for attracting and retaining talented people.”
- Competitive pay. Why is engineering so often still the poor relation of technology and The City?
- Lean and operational excellence needs leaders who can transform performance through people. This is a major issue for many aerospace companies that will have to prioritise productivity in order to survive post Brexit.
- Industry led productivity increases and supply chain cost pressures exacerbate skills and leadership shortages. Increasingly the best people are not moving. Therefore, finding talent is hard and requires real expertise to identify high potential amongst the candidate pool.
- In order to remain sustainable Aerospace companies need to understand the skills crisis UK PLC is experiencing in the STEM subjects. Therefore, they must prioritise employee career development to maximise both the company skills base and staff retention.
- Performance management and leadership development is key to sustainable performance. We have assessed and provided executive coaching for many individuals who need guidance in order to link their leadership with organisational performance. This missing link will not easily be replaced ‘on the job’.
To find out more, contact Phil Boyle FRAeS on 02380 236944.
Phil Boyle is Managing Director of Ramsey Hall and its subsidiary practices and the immediate past Chairman of The Royal Aeronautical Society. He has recruited many of the aerospace and defence sector’s leading people and has led numerous productivity and capability reviews with The Occupational Psychology Group.