By Helen Sydney Adams April 02, 2022
Both Brexit and the COVID-19 pandemic have taken a toll on the recruitment process. Amidst a pool of vacant positions, employers are having a hard time when it comes to attracting the best talent. Employees are reluctant to switch roles due to uncertainty, outsourcing workers from the European Union isn’t on the cards anymore, and employees are lacking both hard and soft skills.
This is on record as the most severe skills shortage that the UK has ever faced and is likely to slow down Britain’s economic growth. Although trade sectors, such as construction, engineering, and IT, are affected the most, the UK labour shortage spans across all industries. In a recent KPMG pulse survey, 70% of the surveyed companies said that they found it difficult or very difficult to attract and retain employees.
Top tier business leaders are providing training and career development in line with employees’ expectations to combat the skills shortage. Here is why upskilling your employees is essential for retaining and attracting new talent, and how to utilise it to create a landscape in which both your business and employees can flourish, despite the labour shortage.