And both private and public organisations are expecting it will become even more difficult to recruit once the UK leaves the EU, whether that be crashing out or in an orderly fashion.
For engineering companies, who have recruited a large number of foreign students both studying abroad and at British universities (the latter being worth £26 billion to the UK economy) and placed them into top positions, the prospect of visa restrictions has had noticeable effects—over half of the firms surveyed by Engineering UK claim that these hard-to-fill vacancies have in turn caused noticeable fiscal consequences.
Additionally, The OU research revealed more than half of senior business leaders surveyed (53%) expect the situation to deteriorate over the next 12 months. More than two in five (44%) expect their organisation to struggle financially in the next year, indicating that the issue needs to be urgently addressed.
The Financial Times reviewed official and other data and identified five sectors of the economy that are grappling with the most acute labour shortages: Hospitality, Information technology, Software engineers, Construction and Healthcare.
But this list, focused on the UK skills gap, makes for frustrating reading when just a few hundred miles away across the English Channel, Skills Panorama an organisation focused on labour market issues in the European Union, is reporting the Netherlands has a skills surplus in almost all of the healthcare areas in which the UK has shortages.