Cubiq Recruitment is addressing technical skills shortages one niche at a time
Unemployment rates fell to 6.2% in the three months up to the end of July, the lowest level since September - November 2008, forcing the issue of sourcing the specialist personnel required to deliver high profile assignments further up the priority list.
The announcement at the recent NATO summit of a £3.5 billion order by the British Army is an exciting and long overdue development in what has been a year of mixed fortunes for the UK defence technology sector. The news of the biggest armoured vehicle order the UK has signed since the 1980s is music to the ears for those companies desperate to get back to pre-recession performance and a welcome boost for suppliers further down the defence sector supply chain.
News from General Dynamics that the assembly work for these vehicles may be completed in Spain is an example of the conundrum that will face the participating companies as they all prepare to fish from the same talent pool. This situation is all too familiar to Dan from Cubiq Recruitment.
“The market has seen a significant shift in recent times. 4 years ago, when we set up the company, it was evident that the candidate pool was shrinking and inevitable that those people with niche disciplines would be encouraged to upskill into other industries to plug the gaps. The defence sector is a prime example of this because of the scarcity of skills and increased competition for engineers from a buoyant economy, companies are forced to be a lot more flexible in their expectations.”
Dan went on to state that Cubiq Recruitment is one recruitment agency that, paradoxically, has benefited from the skills shortage.
“The decision to focus our consultants on very specific technical disciplines has really paid dividends seeing us achieve as of August 2014, 48% year on year growth. Our ability to understand the requirements of a highly technical role and the efforts we’ve made to build a strong network of capable people required to fulfil them has enabled us to develop solid relationships with blue chip businesses that we wouldn’t have had the opportunity to work with before. It’s really testament to the hard work of the team and long hours spent in the office.”
All things considered, the UK economy is heading back towards pre-recession levels but despite everything we’ve learned from the difficult times, our continuing problems with skills shortages are likely to remain a talking point.