SJD Accountancy

UK skills shortage continues to be good news for contractors

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Chief Executive of the Recruitment and Employment Confederation Kevin Green recently stated that the UK is still suffering from a skills shortage, and that this ‘skills and talent gap’ will become more evident once the economy starts to grow. He emphasised that not enough people are studying science, technology, engineering and mathematics subjects before coming away with the ‘right type of qualifications’, adding “We haven’t fundamentally, as an economy, tackled the issue of getting our young people to have the right type of skills and employability.”

With contractors ideally placed to fill these skills gaps this can only come as good news, indicating that contractors will find themselves in demand over the coming months and years, to fill the positions which are not being filled by new full time staff members who come into the workforce via more traditional channels. At the same time as Kevin Green’s statement, a report by the Migration Advisory Committee recently advised that the Shortage Occupation List should be revised to restrict migrants from outside the European Economic Area to a smaller proportion of jobs within the UK labour market. It suggested that the list needs to be reduced to cover 190,000 employees, or well under 1% of the UK’s workforce, again leading more opportunity for UK based contractors.

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