Employers risk stalling growth by favouring skills over talent
Calibre Search conducted a survey of its corporate clients in the built environment, IT and marketing sectors in the run-up to the election amid headlines about the threat to Britain’s economy of skills shortages.
Managing director Mark Lyons commented that employers remain optimistic about finding candidates who can “hit the deck running” despite the widely reported skills shortages, particularly in the construction and engineering sectors.
Over 65% of respondents expect to recruit people with relevant skills, and over 40% expect to find more new starters to join their organisations than last year.
“This is good news for skilled jobseekers, but employers should take note of the drive to recruit skilled workers and take steps to safeguard their talent pool,” says Lyons.
“Skills shortages continue to make the headlines, particularly in the construction sector, so employers should cast their recruitment nets wider to find the right candidates. Transferable skills should not be ignored it could potentially be damaging for growing businesses to wait for the exact skill set match.”
Investment in training and development for employees looks set to rise, with over 90% of respondents anticipating they will spend the same or more than they did in the last 12 months.
“It’s definitely a sellers’ market, if we draw comparisons with the property market,” adds Lyons. “Individuals with the right qualifications and experience are in an excellent position. We’re advising firms looking to grow their business and workforce to put together packages which address both development and remuneration to attract and retain the best candidates.”