Any business looking to grow in size will need to rely on talent acquisition. It's important to get the right person in place for the role. In this article, we’ll cover the current hiring crisis, and where and how you can hopefully find the right person for the role and your business.
What is the hiring crisis?
Employers from across various sectors are currently struggling to hire for roles within their businesses. Multiple factors have played a part in the current job market crisis, such as:
The COVID-19 pandemic, saw many people decide to change their careers, retire early, or just not to return to work.
A large percentage of UK businesses used and relied on EU workers. As a result of Brexit, the free movement of people across borders ended, meaning that the pool of available workers has reduced significantly.
Skill shortages have been exacerbated by the combined impact of the pandemic and Brexit, with many sectors now struggling to recruit talent with the right set of skills.
What’s going on with the hiring crisis?
According to the Office of National Statistics (ONS), the unemployment rate in the UK has hit its lowest since 1974 at 3.7%. Britain is facing a labour shortage, with roughly 180,000 unfilled vacancies in the hospitality sector alone.
As an employer, you may well be struggling to fill roles despite, this unemployment figure. It could be that:
You aren’t looking in the right place for candidates.
You aren’t offering what job seekers want out of a job in todays labour market.
