Search Results for: skills

Skills gap driven by changing structure of labour market

Skills gap driven by changing structure of labour market

skills gapRecent 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 →

Managers lack confidence in their ability to develop employee skills

Managers lack confidence in their ability to develop employee skills

skills and connectionsDespite acknowledging the importance of new skills, 45 percent of managers don’t feel confident in their ability to develop the skills employees need today, according to a poll by Gartner. In addition to a lack of confidence, Gartner research also claims that managers lack time to coach their direct reports, with managers spending on average 9 percent of their time on developing their direct reports. More →

Automation fear for workers not developing new skills

Automation fear for workers not developing new skills

A confident worker clearly has the right skills to adapt to automationOver half of workers believe automation will significantly change or make their job obsolete within the next ten years and three quarters would learn new skills or completely retrain to improve their future employability. Yet people given fewer opportunities to learn new digital skills are more fearful of the impact of automation, and are more likely to have lower levels of education. More →

London demand for tech skills threatens new North-South divide

London demand for tech skills threatens new North-South divide

A new analysis of the UK’s jobs market by Accenture claims that despite growing opportunities in other cities, London has increasingly greater demand for talent in emerging technologies than ten other UK cities combined. According to the report,  there are currently 422,000 UK-based professionals with skills in emerging technologies such as data analytics, artificial intelligence, blockchain, extended reality and quantum computing.

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Skills for the future of work laid out by new task force

Skills for the future of work laid out by new task force

Mind map of the variety of skillsBecause qualifications are only part of the story for employers, who are placing more emphasis on essential skill sets, like teamwork, presenting and problem-solving, but these are often difficult to assess at the recruitment and selection stage. In response, leading organisations from the education and employment sectors (the CIPD, The Careers & Enterprise Company, Business in the Community, the Gatsby Foundation, EY Foundation and the Skills Builder Partnership) have come together for the first time to agree a universal framework for essential skills. It will build on the Skills Builder Framework, already used by over 700 organisations, and set out the skills needed to thrive at work, as well as how these can be assessed and developed. It can be used by students, workers and employers. More →

Increase in non-EU workers eases skills challenge

Increase in non-EU workers eases skills challenge

The sharp increase in non-EU citizens coming to work in the UK has helped to ease recruitment difficulties for medium and high-skilled roles, according to new research from the CIPD and Adecco Group. Despite employment growing strongly over the past year, the number of applicants chasing each medium and high-skilled vacancy has fallen relatively modestly compared with the same period last year. However, the number of people applying for low-skilled roles has dropped by a fifth over the past year, suggesting that some employers may face significant recruitment challenges for skills in the coming months. These are the findings of the latest quarterly Labour Market Outlook from the CIPD and the Adecco Group, a survey of 2,104 employers which explores their pay and hiring intentions. More →

Diversifying hiring practices to bridge the skills gap

Diversifying hiring practices to bridge the skills gap

diversity in hiring can help firms address the skills gapTalent 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 →

C-suite reskills to face challenge of disruption

C-suite reskills to face challenge of disruption

c-suiteAn emerging super-group of employees and consumers in the UK is adding intense pressure to already challenged C-suite leaders who are navigating tough economic, technological and geo-political environments – further threatening company growth, a new Accenture (NYSE: ACN) study finds. With nearly three-quarters (73 percent) of these powerful stakeholders believing they have the potential to destroy company value in the long term, the C-suite understands the need to respond. More →

SMEs are driving job growth but lack skills says OECD

SMEs are driving job growth but lack skills says OECD

Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT). But the new OECD SME and Entrepreneurship Outlook claims to highlight how most SME job creation has been in sectors with below average productivity levels, with SMEs typically paying employees around 20 percent less than large firms. While SMEs are more engaged in new organisational or marketing practices than large firms, and sometimes more innovative in developing new products and processes, many continue to struggle disproportionately with developing the skills and resources needed to navigate the increasing complexity in technologies and markets.

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Calls for urgent reform of skills policy development and implementation

Calls for urgent reform of skills policy development and implementation

City & Guilds Group is calling on Government to urgently rethink how skills and education policy in the UK is designed and delivered, in light of a new report launched by the Group today. Sense and Instability 2019 finds that important lessons from the implementation of skills policy over several decades have not been learned, meaning badly-needed training and education programmes are not fit for purpose or delivering the right results for people, businesses and the economy.
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Government announces plans to to boost digital skills for adults

Government announces plans to to boost digital skills for adults

a group of people work together on laptopsThe UK Government has unveiled new qualifications which it claims will help to give adults the digital skills they need to succeed in the modern world. Free courses will be offered to thousands of people to help the 1 in 5 UK adults with no or low basic digital skills learn how to thrive in an increasingly digital world. The new qualifications, unveiled by Apprenticeship and Skills Minister Anne Milton, will be based on new national standards and will be available for free to anyone over the age of 19 from 2020. They have been designed to help adults learn the essential skills, such as sending emails, completing online forms or using a tablet, that many people take for granted. More →

Management skills are the key to solving the productivity puzzle

Management skills are the key to solving the productivity puzzle

New research from the Chartered Management Institute (CMI) claims that recently trained managers use on average 50 percent more of the structured management practices associated with increased labour productivity than those not trained within the last 12 months. The research, involving 940 managers, revealed that managers who received management training in 2018 used an average of 6 management practices, compared to an average of 4 practices for those who had received no management training over the same period. The impact of recent training on management practices can be seen across businesses of all sizes. More →