Invest in training

There’s a strong case for why employers should step up investment in skills. Investing in training and skills ensures the business retains and has a pipeline for the right skills, reducing the need to recruit those skills – often at higher cost – elsewhere to fill vacancies. There are wider benefits for firms too: investing in the skills of existing employees avoids the need to recruit and onboard new hires. This helps organisations work more effectively, as on average, new hires perform at a lower level for their first two years on the job. This feeds through to a firms’ bottom line, with an estimated 80% of required upskilling investments generating returns for the business.

Three areas your business should prioritise

1 - Map out your organisation’s skills gaps

Start with the basics by mapping your organisations’ skills gaps. Identify the current skills gaps that you’re struggling to recruit for, and how you think these