August 6, 2024

How can companies address the skills gap and ongoing talent shortage in their industry?

The modern business landscape is facing a significant challenge: a growing skills gap and a persistent talent shortage across various industries. Companies are finding it difficult to find qualified candidates with the necessary skills to fill important roles as technology changes quickly and job requirements change. This talent shortage may hinder general productivity, growth, and innovation. Employers can, however, take proactive measures to address these problems and thrive by implementing smart solutions and adopting innovative tactics like Employer of Record (EOR) services to acquire top talent. More →

May 15, 2024

Mastering GenAI: how to bridge skills gaps and boost employee confidence

by Bill O'Shea • Comment, Workplace

Six in ten employees will require training before 2027 according to the World Economic Forum, which estimates that the talent shortage will exceed 85 million people by 2030. The introduction of GenAI in the workplace means this skills gap is set to expand. In Udemy’s recent Global Learning & Skills Trends Report, we found that there are three key learning and skills trends for 2024. Firstly, we are seeing that companies are increasingly looking to hire based on skills rather than formal qualifications like degrees, as these hires more closely align with long-term strategic goals and are better equipped to upskill existing teams. More →

September 1, 2022

Skills gap is the most prominent hiring challenge facing HR leaders

by Jayne Smith • News, Workplace

New research from ECI Partners, a private equity firm, suggests that HR leaders believe the most prominent hiring challenge they currently face is a lack of technical skills and knowledge. Nearly a fifth (18.3 percent) of managers said this was their single biggest obstacle, highlighting the growing concern over the UK’s skills gap. The current labour shortages prompted by a range of factors including Brexit and Covid-19, appear to have further widened the skills gap for recruiters. More →

November 12, 2021

Three in four IT departments face critical skills gaps

by Jayne Smith • News, Technology

Skillsoft (NYSE: SKIL), has released its annual Global Knowledge IT Skills and Salary Report, exploring the current state of skills gaps, training and development, compensation, and job satisfaction in the IT industry. More →

October 28, 2021

High hopes Gen Z will close the digital skills gap – but young people are in a confidence crisis

by Jayne Smith • News, Technology

Three-quarters of tech leaders think Gen Z will solve the digital skills shortage (72 percent), with an even higher number (77 percent) believing these ‘digital-natives’ have the best ability of any generation. However, while half of Gen Z have a career in tech or firm plans to pursue one in the next five years (46 percent), they have low confidence in their digital abilities. More →

October 19, 2021

Tech sector looking overseas to fill skills gap as vacancies increase

by Jayne Smith • Business, News, Technology

A report from the Digital Economy Council and Tech Nation, the government-backed industry lobby group, claims that the number of tech vacancies is now 42 percent higher than it was before the pandemic, with one in eight jobs in the UK now defined as being in the tech sector. More →

November 24, 2020

Digital skills gap poses major economic threat, Microsoft study claims

by Neil Franklin • News, Technology

The UK’s digital skills gap could pose a risk to economic recovery, new research from Microsoft claims, with over three-quarters of UK leaders citing a large digital talent pool as essential to driving UK competitiveness. The study, Unlocking the UK’s potential with digital skills, was conducted in partnership with Dr Chris Brauer at Goldsmiths, University of London to assess the UK’s skills gap and provide practical guidance for organisations on how to tackle it. It predicts the rise of a “Next Gen Worker” that is empowered by low-code and no-code technology, but also finds that a failure to embrace technological skills could leave companies struggling to compete on the global stage. More →

November 4, 2020

UK tech skills gap set to narrow as half of UK workers consider a career change

by Jayne Smith • Business, News, Technology

New research from CWJobs claims the UK tech skills gap is set to narrow. Surveying over 2,000 professionals, comprising of 1,120 tech workers and 1,026 non-tech workers, the report suggests that over half (55 percent) of non-tech workers contemplating a career change have considered or have begun the process of moving into a tech-based role, with almost one in 10 (8 percent) having already made the move. More →

August 11, 2020

UK faces urgent AI skills gap, Microsoft report claims

by Neil Franklin • AI, News, Technology

The UK is facing an AI skills gap that could leave companies struggling to compete with rivals from across the world, a new Microsoft report claims. The research, entitled AI Skills in the UK, also found that businesses in this country use less AI than firms overseas, and when they do it tends to be less advanced. UK organisations are also less likely to be classed as “AI pros” compared to the global average (15 percent versus 23 percent), and the UK has a higher failure rate of AI than the global average (measured by the number of projects generating no commercial value – 29 percent versus 19 percent). More →

September 24, 2019

Skills gap driven by changing structure of labour market

by Neil Franklin • News, Technology, Workplace

Recent years have seen a widespread drop in global unemployment rates but what continues to puzzle economists has been the subsequent failure of wage inflation to follow suit. This has created an unusual phenomenon of wage stagnation across global markets, according to the eighth edition of the Hays Global Skills Index, a report into skills and the skills gap published by recruitment firm Hays in collaboration with Oxford Economics. More →

July 11, 2019

Diversifying hiring practices to bridge the skills gap

by Jennifer Warawa • Comment, Workplace

Talent scarcity and the skills gap have become very real concerns in the UK. We are currently in a period of high employment, and at the same time, uncertainty surrounding Brexit has caused a reduction in immigrant labour, reducing the talent pool further. For accountancy, the skills gap issue is even more acute because it is already an industry with a very limited talent pool. When asked to describe an accountant, it is likely that many of us would describe a very similar person. For a variety of reasons, accountancy as a profession attracts a very specific group – often male, university educated, usually from a Russell Group university. Hiring from such a small pool means that the squeeze on talent is even tighter in this sector. More →

March 6, 2019

It’s not a skills gap, it’s a diversity gap

by Agata Nowakowska • Comment, Workplace

As digital transformation impacts organisations in every industry, the workplace as we know it is evolving fast. For IT leaders, the accelerated rate of technological change means the pressure is on to deliver, manage and secure new platforms. But the wider ramifications of digitalisation projects are proving profound, leaving business executives facing a dilemma. More →