It is Far Harder to Find the Right Candidate Now
The skills gap is the gap between the roles and skills that employers are looking to hire, and the skills of people looking for jobs.
There are several factors that contribute to the misalignment of open positions with available, skilled workers.
The first is that the UK currently has its lowest unemployment rates in over ten years – so, there are less people out of work.
Secondly, those in your employment may be reluctant to leave: Due to uncertainty from Brexit – also a deterrent for EU nationals – who may have looked to work in the UK.
It Takes Longer to Fill Job Roles
75% of employers say that filling job roles has become a problem for them.
Companies are losing money through recruiting fees and the cost of temporary staff.
In addition, some skills are in more demand now then they were; particularly in highly specialised areas; such as technology and software development.
Of course, candidates with these skills are in high demand – and command a higher salary.
For both your businesses and the economy, the skills gap could lead to a lack of productivity, innovation and growth – as more jobs and industries become heavily dependant on digital skills that are in low supply.
