More than half of STEM professionals globally (53%) highlighted job security as a key concern, preferring to retain their current roles rather than seek pay raises, according to a study by SThree.

At the same time, 16% of respondents ranked pay as more important than job security. Additionally, 50% would choose career-developing projects over higher earnings while 63% rank the ability to continue working flexibly as a factor that will significantly impact their careers.

The study surveyed 300 participants across Germany, the Netherlands, US, UK, and Japan.

Workplace wellbeing has emerged as a growing concern for STEM professionals with 28% expressing increased worries about their wellbeing. Moreover, SThree’s study showed personal purpose at work is now a primary driver for 81% of respondents.

SThree’s study also notes apprehension regarding AI and automation, while upskilling remains important. Timo Lehne, CEO, SThree, said the onus remains on employers in STEM industries be proactive on evolving expectations, which is crucial for attracting and retaining skilled talent.

The study highlighted the rising fear among STEM professionals regarding AI and automation, with 34% expressing concerns about job loss. SThree noted younger professionals (29 and under) feel even more threatened, with 44% expressing their vulnerability. Professionals between 50-65 years of age are the least concerned (21%).

A third of professionals (33%) aged 30-39 are likely to seek new opportunities in the next 12 months, compared to just 14% among those aged 50-65, according to SThree.

“The future of work is evolving,” SThree stated. “Sought-after STEM professionals are demanding that their needs are listened to throughout their career. And dynamic organisations need access to their skills to stay ahead of their competitors.”