The skills shortage continues

Employers struggle to recruit, as the skills shortage deepens…

Businesses are facing some major recruitment challenges, as revealed by ‘The Open University Business Barometer 2019‘.

At present, the UK is experiencing its highest total employment rate since 1971. The unemployment rate is also at its lowest level since 1974. This means that while there are still job-seekers out there, most of these candidates are conducting their job hunts from the relative comfort of an existing role.

This also means that it can take a lot longer for organisations to secure the right people with the right skills for their vacancies:

  • 63% of businesses report an existing skills shortage (up by yet another percentage point versus last year).
  • Companies are taking 1 month and 27 days more than expected to fill their vacancies.
  • Elsewhere, SmallBusinessPrices.co.uk has created a ‘Skills Map‘ to demonstrate regional differences in skills and job demand.  This reveals that the Financial Sector has the greatest vacancy demand in our local South-West region.

All of the above data is highly timely, with The Confederation of British Industry having called on the government to do more to tackle the national skills gap in this week’s spending review.

How are employers overcoming the skills shortage?

Returning to ‘The Open University Business Barometer 2019,’ businesses are taking a number of different approaches to their recruitment crises.

  • Almost 1/2 (48%) of companies have made use of temps to fill skills gaps.
  • 44% have increased their spending on recruitment services.
  • 38% have offered higher salaries in a bid to lure more applicants.
  • While 31% have felt forced to recruit lesser skilled candidates.
  • 61% of employers believe they will need to focus on internal talent development skills to increase their productivity and efficacy.

Advice for candidates and employers…

Skills shortage advice for candidates:

  • This remains an opportune time to apply for new jobs. Dependent on your industry, you may find yourself competing against smaller candidate pools. This naturally increases your chance of securing an interview.
  • However, don’t rest on your laurels! It is misguided to think that a skills gap creates a pure ‘candidate market’ in which you don’t have to make any effort in your applications. Businesses are still looking for the right skills, personalities and attitudes for their openings and it’s your job to prove that you possess them!
  • You’ll find a regularly updated list of local openings here.

Skills shortage advice for employers:

  • Ensure you’re investing your time and budget in the best recruitment approach for your business. We’re proud REC members, which means that we’re working to the highest industry standards. In the REC’s words, it is about “making sure that employers get the best talent and right people to help their businesses grow”.
  • Don’t be afraid to join the 48% of companies working with temps while searching for your permanent team members. This offers a myriad of benefits, including the chance to tap into local talent, spotting candidates that may provide longer-term solutions, and even the opportunity to refine your search needs as the result of your insights.
  • It can help to review your candidate search criteria. Are there skills that you’re overlooking or candidates who could easily adapt to your needs?

We would be delighted to discuss your temporary, permanent and/or contract staffing requirements. Please call the office on 01225 313130 or email us today. 



Many more temps to be recruited

UK businesses plan to recruit many more temps, reveals the latest REC JobsOutlook…

On comparing their intentions against last month, employers are:

  • 10 percentage points more likely to recruit temporary workers within the short-term. In terms of REC data, this means within the next 3 months.
  • 9 percentage points more likely to recruit temps across the medium-term (4 to 12 month period).

Why this may surprise some:

You could think this is a mark of increased business confidence. However, companies report a further reduced confidence in the nation’s ‘economic prospects’.

In fact, this particular reading has now reached a record low – and currently sits 57 percentage points below its June 2016 findings.

Plans to recruit permanent staff have fallen by 1 percentage point for the short-term period and by 3 percentage points for the medium-term period. Although, both ratings remain positive overall: with a net balance of +16 and +19 respectively.

That said, businesses worry they won’t find the right temps:

  • 34% (1/3) of employers express concern about finding enough skilled candidates to fill their temporary roles.
  • 46% of businesses additionally worry about obtaining permanent employees.

These figures are less surprising when you consider that the UK has achieved record unemployment rates, with less than 4% of the population unemployed.

So, there’s great news for temps. But is temping for you?

Temporary work offers multiple benefits to employees. These include:

  • A flexible solution for those looking for work for a specific period – whether ad hoc assignments or longer-term bookings.
  • The chance to develop new skills and experiences and enhance your CV in the process.
  • A deeper insight into working cultures and local businesses. Helping you work out your priorities for permanent roles if this is a future goal.
  • Regular pay: you’ll be paid weekly (following those weeks worked), rather than monthly.
  • You’ll still accrue holiday pay, further enhancing the flexibility of your role.

Remember, there is no guarantee of finding regular temporary work, even though this is the case for many. To this end, it’s not recommended to leave a permanent role to temp unless you’ve got the financial backing to do so!

You can search for temporary and contract jobs using our job search dropdown tool. Due to the nature of temporary work, roles can be filled swiftly. So, it’s also worth emailing your CV along with a cover email detailing your availability. Here’s what else you should include

To book a temp, please call the office on 01225 313130 or email us to discuss your requirements.