HR Industry News

UK businesses face recruitment problems

— 26 July 2007 —

80% of UK businesses anticipate difficulties in finding talented people to fill vacancies, according to research carried out by the Cranfield School of Management.

Organisations have been recruiting more and more, but fewer high quality people have been coming into the workforce, resulting in rising recruitment difficulties for employers.

Dr Emma Parry, Cranfield
School of Management

Its Recruitment Confidence Index (RCI) highlights the worsening war for talent, with 39% of employers claiming that they will increase their recruitment expenditure over the next six months.

The index shows that recruitment difficulties are at their worst since the inception of the RCI in 1999.  The computing and engineering sectors are those pinpointed as the most seriously afflicted.

Talent management is widely seen as important to a company’s bottom line, but relatively few businesses have strategies in place to develop, attract and retain talent.

49% of UK businesses run talent development programmes, and just 41% strategically manage their talent. These figures prompted Dr Emma Parry, research fellow at Cranfield School of Management, to stress that “we see organisations just throwing more money at the problem rather than assessing which recruitment methods are effective.”

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