New Report Highlights UK’s Need to Address Skill Deficit for Competitiveness

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A new Hays report outlines which countries boast the strongest talent profiles, which are struggling with the biggest talent deficits, and where organisations can find the most cost-effective talent networks.

  • UK appears among the top five countries with skills deficits in the technology, engineering, banking financial services and insurance (BFSI), and life sciences sectors.
  • UK’s competitiveness could be negatively impacted by the lack of available skilled candidates.
  • USA and China dominate the top of the charts for both supply and demand of key talent.
  • India and Colombia emerge as the most affordable talent networks.

The report, ‘The Workforce of the Future: Navigating the Skills Disruption’, examines five sectors – including technology, engineering, BFSI, manufacturing and life sciences – in over 30 countries. Skills shortages has been impacting organisations for years, leading to an inability to leverage key skills which results in stagnant productivity, missed opportunities for innovation, and hindered long-term growth. The report indicates that UK’s competitiveness could be negatively impacted by the lack of available skilled candidates. Click here for more.