Germany is among one of the European countries inviting students and workers alike and offering huge salary packages amid shortage of STEM (Science, Technology, Engineering and Mathematics) specialists in the country.
Earlier in February last year, German Chancellor Olaf Scholz simplified the process of obtaining work visas for Indian IT experts and granted a number of relaxations to immigrants to boost inflow. The move to ease visa restrictions, provide language relaxations and permit Indians to land in the German soil without concrete job offer was made to address the need to recruit skilled workers from abroad.
In the year 2022, The German Economic Institute (IW) reported a shortage of 320,000 STEM specialists in the country. However, the same year was matched by 190% increase in inflow of foreign STEM employees in the country since 2012. Hence the number of foreign STEM specialists reached 202,000.
Germany’s demography has been dealing with narrowing working age population and widening old age population coupled with a declining birth rate. This ever increasing population of dependents created a shortage of workforce in the country.
