03 Feb, 2020

Reskilling and Upskilling the Workforce

03 Feb, 2020

With the uncertainty of the UK economy following Britain’s exit from the European Union, what effect will this have on talent acquisition?

According to data published by the Recruitment and Employment Confederation, recruiters in the UK made over a million permanent placements in the year to March 2019. Considering the concern for shortages in skilled candidates, the recruitment industry made good growth.

However, if we look at the future of the global economy, reports say 75 million jobs are expected to be displaced because of automation and technological integration. The good news is such change can bring brand new opportunities for aspiring and adaptable individuals. But future-proofing workers from this looming technological change requires worker Reskilling commitment from companies in the public and private sectors.

The UK has a shortage of skilled talent, and this will only get worse following Brexit. Now is the time to ensure individuals have the right skill sets to future-proof their careers, closing the skills gap and providing the right opportunities needed to reach their potential. In order to prepare individuals to successfully participate in the world of work and enable businesses to find the skills they need to be competitive, companies must focus on upskilling and reskilling.

Considering the European Union economy is far more stable than the UK, there has been a significant increase in workers who are open to opportunities in Europe – Reskilling opens doors. As headhunters we are ideally positioned to identify emerging skills or expertise across a wide range of industries, helping businesses attract rare skilled talent.

The importance of diversity has never before been so relevant. Companies and recruiters have an obligation to creating a more diverse workforce, solving the shortage of skilled talent.

Ever since the vote to leave Europe, Brexit has caused uncertainly within the UK’s economy with experts expecting a recession within the next 12 months. As leading European Headhunters, we have a significant role to play in these unpredictable times. We provide our clients with stability within our specialist industries providing a pipeline of talent.

The kinds of skills companies require will shift, with profound implications for the career paths individuals will need to pursue. Re-skilling is important because it enables the existing employees of an business to remain relevant and service client requirements. Therefore, employers and employees must invest significant time, money and effort to re-skill and re-train workers.