The majority of UK businesses are planning a hiring spree over the next 12 months as their growth prospects improve, but nearly two thirds (64%) are concerned that they won’t be able to find the people with the skills needed to fill these positions.
A global PwC survey of over 1,300 chief executives in 68 countries reveals that a quarter of UK business leaders plan to increase their headcount by up to 5% in the next 12 months, with a further 20% planning increases of up to 8% and one in five planning increases of over 8%.
But despite the positive outlook for UK jobs, PwC’s research reveals that UK business leaders are more concerned about the availability of key skills than any of their Western European counterparts, rating it as the biggest business threat to their growth plans.
Susan Blair from PwC’s human resource services team in Newcastle, said: “UK businesses are laying some of the blame for the skills shortage at the feet of government and legislators, but they should accept that they need to adjust the way they think about and invest in the development of their employees.
“CEOs should be taking advantage of the new insights that can be gained through advancements in HR data analytics to predict where they can most easily harness the skills they will need and plan for changes in demand and supply.”