Home Lifestyle ONS data highlights the need to focus on skills development
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

ONS data highlights the need to focus on skills development

by uma


Responding to the latest data from the Office for National Statistics (ONS) which revealed a fall in vacancies, talent outsourcing and advisory services provider, AMS, has warned that skills development needs to be prioritised.

Steve Leach, Regional Managing Director, UK and Ireland at AMS comments:

“At a macro level, the vacancy slow-down is indicative of a response to the political and economic uncertainty of recent months, but that doesn’t mean that the skills crisis is over. The UK is facing an ever-shrinking workforce for a myriad of reasons beyond the widely discussed impacts of Covid and Brexit. In fact, earlier this month the ONS also reported that half a million UK workers dropped out of the workforce due to long-term illness between January 2019 and August 2022.

“The ability for employers to capture the skills they need in this economy – particularly tech skills which are applicable across every industry – is at risk. Given that we know that there are simply too few people in the workforce with the skills that businesses need today and for the future, ramping hiring won’t have the required impact and the latest data suggests that employers are increasingly recognising this.

“With hiring slowing but talent still in short supply, the skills agenda needs to be a priority for every stakeholder involved in the UK’s economic standing. Now more than ever, business leaders and government bodies need to back re- and up-skilling of the workforce. There’s an untapped pool of potential talent looking to grow their skills who simply don’t have access to the training they require to help them fill the resourcing needs today’s firms have, including older workers, those coming out of retirement and those switching careers. Despite the economic uncertainty, developing these skills needs to be a priority if firms are to bounce back when the markets do.”


You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More