The upskilling crisis & its potential consequences

Are you receiving upskilling opportunities at work? If so, you’re among the minority of UK professionals…

The UK is the nation that’s least likely to provide new training opportunities to its employees, according to PwC research.

  • 51% of UK employees are not offered the chance to retrain or develop new skills.
  • This is well below the global average of 26%.
  • In comparison, only 33% of American employees and 31% of Germans have not been reskilled.
  • The stats are all the more impressive in India and China, where the figures fall to 5% and 3% respectively.

The education gap

There is a disparity between those respondents who have undertaken further education (post-school) and those who haven’t. Graduates receive 15% more training opportunities.

This HR Magazine report reveals many more findings, including the worrying trend to overlook changing digital needs.

Employees clearly crave development opportunities. 54% feel prepared to ‘learn new skills or completely retrain’ to boost their employment potential; this figure rises to 67% among 18 to 34-year-olds.

You can read the PwC report in full via their website.

Warning: a lack of upskilling could lead to a lack of employees!

Over on Recruiting Times, we hear that the desire to learn something new tops the list of career priorities for the nation’s professionals.

  • 44.6% of employees want to develop a new skill
  • This beats the 43.5% who prioritise a pay rise
  • And the 22.7% who long for a new job title

40.1% are prioritising the ‘move to another company’. This group may well also increase in time, as 64.1% say their employer doesn’t respond to their needs and 83.2% intend to find a new job ‘to achieve their dreams’.

This could be of concern to many of the employers who are already facing a skills shortage. However, this may also increase the availability of skilled employees. Employers would certainly be wise to review their recruitment approach. Please call the office on 01225 313130 for some professional support.

We’ve only just shared the stats on the number of people looking to change jobs this month and throughout the coming year. Visit our jobs page for the latest opportunities. You’ll also find a number of skills-related topics linked in this article.



How digital skills increase your salary

Are your digital skills as good as they should be? How increasing your technical abilities could make a great difference to your salary; regardless of your job role…

Before we discuss the salary side, it’s important to note that a lack of digital skills has long been an issue in the UK.

  • In fact, poor technical expertise is said to have ‘fuelled skills shortages‘ across the nation for the past 20 years.
  • 51% of today’s employers continue to experience unfilled vacancies as a result of this problem.
  • These unfilled vacancies also come at an annual cost of £63 billion.

It’s not just stereotypical tech roles that require digital skills…

  • Yourmoney.com reports that possessing the necessary skills could enhance your salary by an additional £12,500 per year.
  • You don’t need to be working directly within IT for this to be relevant to you. Currently, professionals working in ‘finance, insurance, and property’ display the greatest ‘digital literacy’.
  • However, there are many adults still struggling to undertake basic technical tasks. The Lloyds Bank Consumer Digital Index survey (which featured 1 million UK adults) finds that…
  • 21% of adults struggle to use search engines to find information;
  • 27% have difficulties in managing money online;
  • And 34% don’t have the basic knowledge to stay safe online.

Why are these numbers so high in such a digital era?

  • 8% of respondents haven’t even accessed the internet within the past three months – and 48% of this group is under the age of 60.
  • It appears personal finances are a factor, with 47% of those who’ve not accessed the internet recently falling into the ‘low income’ category.
  • Yet the absence of skill training is also significantly contributing to this issue. Most employees (63%) haven’t been offered any digital skills training by their employers.
  • This issue affects personnel of all levels. 54% of managerial employees are yet to receive technical skills training.

It may be time for employers to explore further training within their staff attraction and retention tools.

Meanwhile, employees looking to expand their abilities could consider free training courses. Lloyds Bank Academy has listed one such digital skills training programme.