How the UK Skills Shortage Will Boost Flexible Working

War on Talent Continues as Top Talent Demand Flexible Working

fail animated GIF

August 2014 saw a record drop in the number of candidates applying for permanent and full-time jobs, a recent report commissioned by the Bank of Scotland has revealed

The Bank of Scotland chief economist Donald MacRae consolidates the report’s findings: ‘There was a record drop in people available for jobs and growing evidence of strong growth in pay, confirming the tightening of the jobs market’. However, this drop has been countered by a marked increase in individuals applying for short-term and part-time roles, confirming that the Scottish jobs market continues to go “from strength to strength”.

The change may be interpreted as a result of the skills shortage currently affecting the UK. A dearth of skilled candidates means that certain sectors continue to struggle to fill full-time positions, including the medical and care sectors, IT and computing and the engineering sector.

“A huge number of skilled candidates have been excluded from the job market because of a lack of part-time roles and flexible working positions. The ongoing skills shortage means that these professionals are highly sought-after, and are in a strong position to dictate their salaries and working conditions, including work schedules’. Flexiworkforce CEO Tracey Eker confirms.

Nevertheless, the growth in flexible, part-time and short contract positions may also be seen as a boon for employers seeking to broaden their talent pool by increasing their access talented candidates.

By hiring candidates on a flexible basis, companies can effectively get the skills that their business needs, for the money they can afford, something especially vital for emerging SMEs, many of whom rely on contractual workers. In particular, engineering and construction saw a marked increase in temporary job openings. This suggests that this rise modern flexible working has come about as a mutually beneficial option, resulting from the convergence in the needs of employees and businesses.

The skills shortage shows no sign of stopping, meaning that level of bargaining power that workers have to negotiate their working conditions is only set to increase. As the war for talent rages on, it is likely that flexibility will be a major factor in determine which companies ultimately survive, thrive and fail.

‘The last bastion of differentiation in the fight for mind share and market share for a business is its people. Yet hiring, retaining and motivating the best talent is no easy task in an age where loyalty to one job for life, or even five years, is starting to sound prehistoric’. Eker states.

‘Developing a flexible company culture that will help attract, retain and motivate the best employees to achieve amazing results is essential’.

Click here for more information on how you can hire the best candidates for your business.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s