The CIPD’s most recent quarterly Labour Market Outlook shows that almost half (45%) of UK employers report having vacancies that are hard to fill, with almost two-thirds (65%) anticipating difficulties filling vacancies in the next six months.
The reasons for the skills shortage are constantly evolving. For example, many UK employers have historically failed to invest in technology and skills, relying instead on the plentiful supply of (usually lower-paid) foreign workers – a tap that Brexit effectively turned off. On top of this, the pandemic has led to sickness, burnout and an exodus of staff, particularly in sectors such as health and hospitality.
So, employers have been forced to react to labour shortages with tactical approaches just to survive. But, if they are to thrive they need to become more strategic. Read this People Management Insight expert report, produced in partnership with Civica, for insight and expert opinion on how to turn the skills crisis into an opportunity.
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