New Report Shows Skills Shortage Has Doubled Since Pre-Brexit and Pandemic, with 80% of Businesses Struggling to Fill Roles

As businesses struggle to fill vacancies due to a lack of skilled workers, it's time to consider how we can develop our current employees' skills to meet the demands of the changing job market.

According to a new report, four in five businesses are facing skills shortages – the highest number in 17 years. The report also highlights that skills shortages have increased six-fold over the last decade and more than doubled since pre-Brexit and the pandemic.

The survey of 2,020 UK employers showed that the most challenging roles to fill were in energy and utilities, healthcare, transport, real estate, and IT & computing. However, it's not just about hiring new talent, as employers can play a key role in developing the skills of their existing employees.

One way to do this is by providing training opportunities and upskilling programs. Offering courses, workshops, or online learning resources can help employees gain new skills and knowledge that can benefit both their careers and the business. Employers can also encourage their staff to attend conferences and events focusing on their industry or speciality.

Another effective way to develop employee skills is through mentorship programs. Pairing less experienced workers with more experienced colleagues can provide valuable guidance, advice, and feedback. This can help employees develop their skills and confidence while also building stronger relationships and a sense of community within the workplace.

Ultimately, investing in employee development can lead to better job satisfaction, retention rates, and productivity. It can also help businesses address skills shortages and adapt to changes in the job market. As Rashik Parmar, Chief Executive of BCS – the Chartered Institute for IT, pointed out, "employers are struggling to find workers with the right digital skills" – and it's up to businesses to act and help bridge the skills gap.