Interesting read — Addressing UK skills gap will cost businesses £1.3 billion

A recent study by HR and finance experts, MHR finds that UK companies have delivered nearly 29 million hours of employee training to tackle the UK skills gap.

The study confirms earlier findings by the British Chambers of Commerce (BCC) revealing that companies face the highest level of recruitment difficulties on record.

“The cost of filling all job vacancies in the UK in the first half of 2023 according to data from CIPD and the ONS [will amount to] £1.3 billion,” according to HR Grapevine.

“UK businesses have never faced such monumental recruitment challenges, both in terms of cost and available talent,” stated MHR CEO, Anton Roe.

“With it costing exponentially more to recruit, train and onboard new employees, especially with the widening skills gap, it is vitally important that businesses are able to engage, upskill, develop, and retain the talent within their existing workforce.” 

Read the full article (subscription required).

Under these circumstances, can you afford to let your training budget go to waste?

Which stack do you need to upskill? Do you need to upskill, reskill, recruit?

Our training gets people certified and back to work fast. We offer official accelerated courses and exams in Cyber Security, Cloud Computing, Web and App Development, Data, AI, ML, and more. 

See the full course list and get in touch; we may be able to create a bespoke solution for team and company too.