Connect with us

Plato Vertical Search

HRTech

Mind the ‘Specialist Skills’ Gap

According to The Open University’s annual business report published in partnership with the Institute of Directors, UK employers are facing a skills shortage when it comes to hiring specialist, entry level talent.   

Mind the ‘Specialist Skills’ Gap
Mind the ‘Specialist Skills’ Gap

The Open University’s annual Business Barometer 2021 report reveals 63% of organisation leaders are struggling with recruitment as candidates lack specialist skills and relevant experience. In fact, almost a quarter (24 per cent) believe that finding staff with the right skillset remains the single biggest challenge facing organisations in the next five years. 

The report reveals almost half (45 per cent) of employers struggle when recruiting for non-senior roles. Despite the challenges associated with hiring entry level talent, more than half (56 per cent) of businesses believe that apprenticeships and work-based learning are critical to their long-term success, an 8 per cent increase from last year. Additionally, 96 per cent of employers currently working with apprentices plan to maintain or increase the number of apprentices in their organisation. 

Based on survey amongst 1,500 senior organisation leaders, The Business Barometer report is a temperature check on the UK’s business landscape across a multitude of different nations, regions and sectors. The skills shortage has remained a challenge with 40 per cent of business leaders in 2021 struggling to recruit specialist talent and over a quarter recognising the difficulty in hiring entry level staff. 

Viren Patel, Director of the Business Development Unit at The Open University commented: “The ability to find specialist talent is proving a real headache for business leaders today. Our survey findings highlight the skills gap is here for the long haul and it hasn’t improved in the last twelve months.   

“The skills and labour shortage is being felt across multiple sectors of the UK economy and many employers see this as a long term challenge. Almost two thirds of organisation leaders admit they have struggled to find the right people with the right experience, demonstrating the need for enhanced training to nurture employee skills, knowledge and workplace learning. We want all organisations from all sectors to think ahead and invest to fuel future talent and success.”  

The survey reveals more than half (56 per cent) of employers leaders believe unfilled vacancies overextend their workforce and similarly the skills shortage stifles their growth potential and may impact staff wellbeing. A third (33 per cent) say they have left a position vacant due to not being able to find an appropriate candidate, while 32 per cent have introduced new training to existing employees.  

Kitty Ussher, Chief Economist at the Institute of Directors highlights: “This year’s Business Barometer demonstrates the huge impact that both the pandemic and Britain’s decision to leave the European Union have had on recruitment at all levels; over six in ten firms now say they have a skills shortage. On the plus side, we are also seeing optimism around the potential for remote working to fill skills gaps and an appreciation of the role of apprenticeships to train tomorrow’s workers. We’re asking the UK government to put lifelong learning, retraining and upskilling at the heart of their forthcoming Budget so that firms and individuals alike can fully take advantage of the massive opportunities that are available as our economy recovers and restructures.”  

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: http://hrnews.co.uk/mind-the-specialist-skills-gap/

Related Streams

Aviation

First established as Trans-Canada Air Lines in 1937, the carrier we now know today as Air Canada has…

Aviation

Bain Capital, the private equity firm that purchased Virgin Australia out of voluntary administration in November 2020, is reportedly eyeing to float the company...

Aviation

In an apparent bid to raise its profile and increase engagement with the public, ITA Airways is launching…

Cyber Security

Taiwanese company QNAP has warned customers to secure network-attached storage (NAS) appliances and routers against a new ransomware variant called DeadBolt. "DeadBolt has been...