Skills shortages ‘impacting British businesses’ - Mitrefinch

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Skills shortages ‘impacting British businesses’

Published: January 21, 2016

Skills shortages have cast a shadow over the UK recruitment market, according to new findings.

The latest JobsOutlook survey by the Recruitment and Employment Confederation (REC) showed that although the vast majority (more than eight in ten) think economic conditions are improving, many employers were still having trouble finding the right staff members.

Indeed, data published by the Office for National Statistics (ONS) showed that vacancies stood at a record high (747,000) and unemployment stood at its lowest rate since January 2006 (5.2 per cent).

Speaking about the findings, REC director of policy Tom Hadley said: “Although the overall outlook is upbeat, major challenges are just around the corner.

“The introduction of the National Living Wage, uncertainty around the EU referendum outcome, and skills shortages that are getting worse in many industries all have the potential to knock employers off their stride. Public sector services such as education and healthcare are already finding it extremely difficult to bring in the people they need.”

However, an additional four in ten (43 per cent) executives will approach future hiring decisions with greater confidence.

Furthermore, the proportion of businesses reporting to have carried out redundancies in the preceding 12 months has fallen from nine per cent at the end of 2014 to five per cent in the final report of this year, according to the study.

Mitrefinch offers HR software which is designed to integrate all aspects of HR process including hiring, holiday planning, rostering and absences.

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