News that over one million EU nationals have been given permission to remain in the UK after Brexit, gaining settled or pre-settled status offers businesses expanded talent pools for plugging skills gaps and talent shortages in their workforce. New research claims that talent management concerns are on the rise. With the ongoing ‘war for talent’ intensifying over future skills requirements, businesses must remain vigilant when it comes to the growing technical skills gaps in their workforce, the report suggests. (more…)

Firms often put great effort in retaining good employees because they fear the loss of talent and knowledge spillover to rival companies. However, new research published in the Academy of Management journal by Stefan Wagner, Professor of Strategy at ESMT Berlin, and Martin Goossen from Tilburg University suggests that losing key employees to a competitor can actually be a benefit to companies and so the war for talent may be futile or even counterproductive. To assess the impact of mobile employees the researchers focused on R&D alliances in the pharmaceutical industry, where partnerships are a common mode of innovation as they diffuse the burden of costly drug development. They collected data on alliance formation amongst the 55 largest pharmaceutical firms over a 16-year period, identifying all scientists that moved between these firms. Of the 130,000 scientists the researchers tracked, more than 8,200 moved from one firm to another. (more…)

This year is set to be a ‘buyers’ market’ for the UK’s top professionals, as the nation’s war for talent intensifies. This is according to new research from Robert Half UK, which found that nearly a third (32 percent) of those surveyed believe their skillset will be more desirable over the coming months – even against the current economic and political climate – as the supply/demand imbalance of the UK’s top talent heightens. The current skills in demand include data analysis and digital skills, as well as softer skills such as adaptability, resilience and critical thinking to help complement the evolution of the workplace. (more…)

The talents of more than a million people aged over 50 who want to work are being wasted because of discrimination, bias and outdated employment practices, claims a new report from the UK government. The report from The Women and Equalities Committee also concludes that Government and the Equality and Human Rights Commission (EHRC) are failing to enforce the law on age discrimination and must be clearer that prejudice, unconscious bias and casual ageism in the workplace are all unlawful under the Equality Act 2010. Although the Committee concludes that the Government’s employer-led approach has its advantages, it does not present a strong enough challenge to discriminatory practices or attitudes.

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