What lies behind the UK's skill shortage?
Companies have long grappled with skill shortages, but a recent UK government report highlights three turbocharging factors.
First, the digital revolution fuels soaring demand for software skills across all sectors.
Second, pandemic lockdowns accelerate digital transformation and trigger the “great resignation,” depleting skilled developers.
Third, Brexit-induced reduced EU migration worsens skill gaps.
These dynamics sharply spike demand while plummeting high-value skill supply, impacting all UK industries, including IT.
What about the stats?
IT faces the second-highest job vacancy rate per 100 employees [UK Gov].
Feb-Apr 2023 saw 50,000+ IT sector job ads [Office of National Statistics].
2023's tech talent pool is inferior to 2022's [Statistic].
Training and tech budgets offer solutions, but there’s a catch – they need time and funds, which, let’s face it, are scarce resources!
There is, however, a far more popular option for overcoming the skill shortage in the UK.
For more detailed information click here: UK's talent gap
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