The 2019 version of this annual report is out now. The Business Barometer is now in its third year and monitors the skills landscape of the UK.
The report is based on a survey of 950 senior business leaders and reveals that organisations in the UK are spending £4.4 billion a year as a result of the skills shortage, as more than two-thirds (68%) of employers struggled to find workers with the right skills. The research considers four main areas of expense: increased recruitment costs, inflated salaries, training for those hired at a lower level than required and temporary staffing for gaps that could not be filled.
The report highlights the sectors and areas in the UK where organisations are most struggling to fill vacancies, investigating the effect this has on staff and revenues, and looking at senior business leaders’ expectations for the future.
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