Employers Combat Worst Labor Shortage Since 1997 – Executive Summary

Employers Combat Worst Labor Shortage Since 1997 - Executive Summary

In the UK, British employers are facing the worst staff shortage since the late 1990s, after a sharp drop in the number of foreign workers due to Covid-19 and Brexit, according to The Guardian.

According to data from the Employment and Employment Consortium (REC) and KPMG, the number of workers fell in June at the fastest pace since 1997.

Recruiters have reported different challenges about hiring in various sectors of the economy, particularly in areas such as transportation, logistics, hospitality, manufacturing, and construction.

Claire Warnes, of KPMG UK, explained: “We need government and business action to reskill and upskill workers (…) now more than ever, as a growing skills gap in the workforce has the potential to slow the UK’s economic recovery.” .

Due to the urgency of reopening the country as restrictions are lifted, employers face additional complications as fewer EU workers travel to Britain due to Covid-19 border controls and post-immigration rules. Britain’s exit from the European Union.

According to a study by REC and KPMG, which included more than 400 recruiting firms, a sharp increase in demand for hiring led to an unprecedented drop in candidate availability in June.

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About the Author: Camelia Kirk

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