There are long-term skills challenges which will call for more meaningful partnerships between recruiters and employers. The impact of demographic change, skills gaps, technology and globalisation meant that recruiters and employers need to work closely together.
The future holds many uncertainties. But one thing is sure: the next decade will see employers facing more difficult choices and tougher competition in the acquisition of talent and skills. Placing the right individual in the right role remains a fundamental issue for business against a backdrop of increasing skill shortages and the war for talent.
More than £7 billion is spent annually on recruitment. Therefore poor decisions can cost organisations millions with damage to their reputation as a key risk. The UK is facing a continuing skills gap. Recruiters and employers need to work together to maximise their access to different pools of talent and get the best from the various government schemes set up to address this problem.
Continuing competition for highly skilled people means that companies must strive to stay ahead in attracting and retaining the best employees. The specialist market knowledge that recruiters such as we provide is a valuable asset in this struggle. The employment arena was vital to the success of the UK economy, and all three components: candidate, employer and recruitment intermediary, must work in harmony to ensure market effectiveness.
The 21st century candidate has become harder to attract and retain, which makes an effective approach to recruitment all the more necessary. As a leading recruitment firm, we are constantly developing our skills at a corporate and a personal level, so we can respond to this rapidly changing environment. Technology, globalisation, legislation and skills shortages challenge all those interested in recruitment. We remain alert to these trends, and are adapting to the changing economy in order to deliver high quality services for our clients.