5 Ways to Battle the Current Skills Shortage in 2024

As we progress through 2024, the persistent skills shortage continues to challenge employers, urging exploration of innovative strategies to address this pressing issue.  

Amidst disruptive technological advancements, post-pandemic unemployment highs, declining workforce participation and misplaced skills investment, it comes as no surprise that 76% of businesses are grappling with recruitment challenges, as highlighted by the British Chambers of Commerce's Quarterly Recruitment Outlook report. 

Encountering difficulty in finding the necessary skills and talent can significantly impede business growth. However, have no fear, we've developed five effective strategies to assist businesses in attracting and retaining top talent! 

1. Become an Employer of Choice  

In the traditional recruitment scene, businesses often sit back and let job seekers do the talking. But if you're aiming to snag elite talent, it's time to polish up your company's resume and give your company culture the spotlight it deserves! After all, attracting top talent isn't just about job listings—it's about showcasing what makes your workplace irresistible.  

Many companies provide their employees with opportunities for external training to enhance their skills. While this approach may involve additional costs and time investment, it guarantees that your workforce is trained to industry standards. Moreover, offering such incentives can significantly boost your appeal to top-tier talent. 

Other areas of focus include implementing engaging employee initiatives, ensuring a healthy work-life balance and adopting the right leadership style. 

2. Broaden Your Horizons  

Broaden your search horizon and cast a wider net into a sea of talent; sitting back and waiting for the perfect catch isn't always the best strategy! 

To revamp your strategy: 

• Consider switching up your recruitment consultant.

• Attend job fairs to connect directly with potential talent. 

• Leverage social media platforms for broader outreach. 

• Explore new advertising avenues. 

• Utilize niche job boards for specialized roles. 

• Keep your website current to attract potential candidates. 
  

Moreover, widening your hiring scope can yield fruitful results. Don't hesitate to consider candidates who may not meet 100% of the job requirements or lack extensive experience.  

3. The Search for Greener Pastures  

To stay ahead of the game, think about expanding your talent pool by increasing your remote workforce! 

In today's digital age, technology proves to be an invaluable ally for businesses. HR leaders embracing innovative recruitment strategies can transform challenges into opportunities by tapping into highly educated talent pools beyond the confines of your business county or even UK's borders.  

With remote work becoming a norm for many UK-based companies, seeking skilled professionals globally has become essential. Partnering with an Employer of Record (EoR) streamlines the hiring process, eliminating complexities like visa applications and setting up foreign entities. 

4. Using Contingency Workers  

Navigating skills shortages can be a breeze with the inclusion of contingent workers, offering both advantages and drawbacks. 

These adaptable professionals are sought after for their flexibility, seamlessly fitting into any project, timeframe, or budget, ensuring swift and cost-effective solutions to operational gaps. However, while contingent workers offer immediate relief, they may not address the underlying causes of skill gaps in the long run. 

5. Workforce Reconsideration

The numbers of individuals over 65 engaging in part-time or consultancy roles is on the rise.  

Leveraging their expertise and experience, even without offering permanent positions, can be a strong asset for your business. These seasoned professionals fill skill gaps and contribute to mentorship programs, enriching your team with invaluable knowledge and guidance. 

While there are various approaches to address the persistent skill shortage, it's essential to find the best fit for your company. Now is the opportune moment to examine your organization internally and identify the talent you need. 

Need a little nudge in the right direction? Don't hesitate to contact us at ewen@ejunior.co.uk for expert guidance on navigating the current skills shortage. We've got your back! 

Research conducted by Sashka Slavinski, https://www.sashkaslavinski.com/.