In the dynamic HR landscape, businesses are currently navigating a challenging market characterised by technological advancements, evolving workforce expectations and a persistent talent shortage. As we continue through 2024, organisations must proactively adapt to the evolving scenario.
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Developing diverse workforce strategies that tailor the right blend of skills, workforce mix and engagement with labour markets is imperative for organisations navigating the changing business landscapes. The Total Workforce Index™ (TWI) offers a strategic advantage in the talent race by directing investments – short, medium and long-term – towards labour markets with the highest potential impact on sectors and skill sets influencing dynamic business environments.
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Explore the challenges amidst the UK’s talent shortage in our comprehensive retention guide. Despite a positive intent to hire at the start of 2024, the talent gap persists, demanding a strategic shift. High staff turnover and extended time-to-hire reveal the ineffectiveness of constant recruitment.
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Data from the latest ManpowerGroup Employment Outlook Survey of UK hiring managers indicates that cross-sector skills gaps have reached a record 18-year high of 80% nationally, whilst hiring plans for Q1 2024 remain cautious-yet-steady, quarter-on-quarter, with a net hiring intent of +27%…
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In today’s ever-changing world of work, taking ownership of your own career is vital in ensuring you enjoy a fulfilling professional life. But what does career ownership actually look like? Career progression used to be about climbing the ladder; striving to move up the organisation into a more senior position.
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One of the most basic things any organisation can provide its employees with is an environment and culture that fosters psychological safety. And yet research shows that a significant portion of the workforce are continuously being failed by their employers in this regard. Two key cohorts are those experiencing menopause and imposter syndrome.
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Seasoned workers – those in the UK workforce over the age of 50 years – are comprised of some of the most experienced and skilled talent in the UK. Yet, more than 3.5 million people aged 50-64 years have opted out of the workforce – and this is a trend that is rapidly increasing.
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Over the past year, we’ve witnessed a dynamic shift in the economic landscape, from a post-pandemic boom, to talks of a recession, to a gradual reduction in demand. However, amidst these fluctuations, one constant remains: strong hiring intentions.
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UK employers indicate hiring confidence remains positive for every sector in the fourth quarter 2023, with a slight decrease of two percentage-points since last quarter to +27%, according to the latest ManpowerGroup Employment Outlook Survey (MEOS).
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In a world where most people are talking about how AI and technological advancements are going to necessitate the development of new technical skills, the importance of interpersonal skills is seemingly going under the radar.
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