UK at Risk of Skilled Worker Shortage in Finance and Tech, Study Shows

Published on July 31, 2024

The UK is at risk of having a shortage of skilled workers in industries such as technology and banking, according to research released on Wednesday. A report by recruitment firm Hays said Britain is among the top five countries facing a shortage of talent, alongside New Zealand, Portugal, Canada, and Switzerland. The firm said it collected data using job adverts and candidate profiles from 31 countries then examined five sectors: technology, engineering, manufacturing, life sciences, and financial services. Hays analysis found the UK has a “pressing need” to address its skills shortages or it risks falling behind. By contrast, the United States, China, India, Germany, and Brazil rank in the top five talent networks across all the sectors it analysed....

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