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Labour situation in the UK

Labour situation in the UK

Deloitte succinctly outlined the UK’s labour situation yesterday.

Most of Europe has more people in work since the pandemic, but not Britain.

Why? Summarised quickly;

  • Early retirees
  • Migration
  • Hybrid/home working

As employers, most are recognising retention of staff is critical.

But when it comes to hiring, there still seems to be a mandate on core technical skills.

If you are struggling to find the right person, focusing on other areas may give you the answer, examples being;

  • Hire someone ready for the next step up, not looking for a sideways move (this may mean some training & development)
  • Hire focused on values, not technical skills (again some training & development)
  • Hire local. Something that was not widely on peoples radars until recently was travel costs – if someone has a 15 minute walk to work as opposed to a 1 hour drive this can be the difference of £thousands to them and any offer you make
  • Apprenticeships, apprenticeships, apprenticeships

Deloitte’s closing remark is we are looking into the new norm. This may mean our historical hiring methods need to adapt.

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