With more than 5 million Brits unable to carry out simple online tasks like sending emails or using the internet, new research reveals UK workers are missing out on additional earnings of £5.69 billion due to a lack of digital skills according to Virgin Media O2 and economic modelling from Cebr. As the UK faces ongoing economic instability and with an uncertain jobs market, the research claims that a lack of adequate digital skills could exacerbate problems being faced by cash-strapped Brits struggling to make ends meet. More than a third of Brits (34 percent) feel a lack of digital skills training has held back their earning potential already, and almost a third say they need digital skills so they can shop around for deals and save money – amid rising anxiety over the cost of living.   (more…)

As businesses across the country face rising costs, new research from the CIPD and Omni warns that using pay to attract talent simply isn’t enough to tackle on-going skills shortages. While an increasing number of organisations (54 percent) are inflating pay to retain talent, this approach is not sustainable for most employers in the face of rising costs. To tackle the skills shortage, organisations need to highlight other components of good working practices when recruiting, such as offering flexible working and promoting career development opportunities. For instance, the latest Resourcing and Talent Planning survey shows that 68 percent of employers that offer hybrid/ remote working say it has allowed their organisation to attract and retain more talent.  (more…)

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…)

Nearly three quarters of young people aged 15 to 24 in 92 countries with available data are off-track to acquire the skills needed for employment, according to a new report published today by the Education Commission and UNICEF to coincide with World Youth Skills Day. Recovering learning: Are children and youth on track in skills development? features analyses on development in early childhood, and among children of primary school age and youth. The data highlight low levels of skill among children and young people across all age groups, with young people in low-income countries the least likely to have those required to thrive, particularly in future employment opportunities, decent work, and entrepreneurship. (more…)