Brexit vote puts squeeze on skills
New research has found that, as a result of the UK’s decision to leave the EU, nearly three-quarters of HR professionals expect the competition for well-qualified talent to increase, and nearly two-thirds (61%) predict further difficulty recruiting senior and skilled employees over the next three years.
The latest CIPD/Hays Resourcing and Talent Planning Survey of more than 1,000 HR professionals found that recruitment difficulties are already being reported by three quarters of HR professionals (75%), and nearly two-thirds (65%) agree that the skills needed for jobs in their organisation are changing. Professionals with leadership (58%), digital (54%) and commercial awareness skills (51%) are most likely to increase in demand over the next 12 months.
However, despite a recognition of the need for smarter, more targeted recruitment, less than a fifth (16%) say their organisation currently measures the return on investment of their recruitment activity. Similarly, over half (56%) say their organisations doesn’t calculate the cost of people leaving the business, despite labour turnover at its highest since 2007.
These survey findings are indicative of a wider pattern that, if realised, would pose a serious threat to the fabric of the UK economy. Reports yesterday indicated that number of applications from nurses in the EU registering to work in the UK has dropped by 96% since the UK’s in/out referendum in June 2016.