According to Get My First Job (GMFJ), employers are finding it increasingly difficult to find workers. A report published by GMFJ discusses solutions to this problem and what can be done about it.
The tight labour market means that employers will need to implement new and innovative ways of attracting the talent in order to grow their business. This includes communicating more effectively the salaries and benefits they offer, and many employers will also be thinking about investing in new technology to automate processes as labour becomes more expensive.
The fiercely competitive labour market will also mean employers having to look to the early talent market to fill the roles they are having trouble recruiting, which in turn will necessitate closer collaboration with education and training providers, particularly in promoting apprenticeships in more creative and appealing ways.
The huge number of job vacancies that have been seen over the last few months cannot continue to rise indefinitely, and so some sort of move to equilibrium between labour supply and demand is likely to happen at some point. However, both employers, education and training providers should seize the opportunity to review their strategy for recruiting employees and apprentices, not only to get through this time of change, but also to be better placed for the future.
To better understand the ramifications of the changing jobs market, access the full GMFJ report here.