New findings compiled by Mercer project an impending 1.9 million UK workforce shortage by 2025 if demand for workers continues to increase at the same rate as the last ten years. It has been 8 months since Mercer launched the Mercer Workforce Monitor to examine the UK population and workforce in a pre- and post-Brexit world and understand related business impacts. Since then, discussions with clients have quickly gravitated to the core workforce issue that cannot be ignored: regardless of Brexit and in spite of automation, the UK is facing unprecedented workforce shortage.
How can UK employers respond to this shortfall while nurturing a thriving workforce in an environment characterised by uncertainty and huge disruption? They can take action through five lines of defence: creating a compelling employee value proposition, build and retain the workforce needed; diversifying their talent pool; investing in sustainable automation and productivity enhancements; moving and relocating work; and regrouping and reviewing their business strategy through the lens of people.
The Workforce Monitor November 2018 report, titled Diversification: Is There a N.E.E.T.* Solution to the Workforce Crisis?, looks more closely at that second line of defence: diversifying the talent pool.
It examines this approach through three key, untapped labour pools: female workers, disabled people and ageing workers.
You can read more and download the report from the Mercer website, click here
* Not in Employment, Education and Training