UK firms are being advised to focus on internal hiring, as well as developing existing talent in order to aid retention and help with growing workloads.
With recent ONS data showing that the three months to May saw record-breaking vacancy numbers and fierce competition for talent, AMS is urging UK businesses to place more emphasis on internal hiring strategies.
Jim Sykes, Sector Managing Director, Pharmaceutical & Life Sciences and Professional Services at AMS, explained, “With the skills gap continuing to widen and available talent levels dwindling, new and innovative talent acquisition strategies are constantly being turned to as a means of beating the competition for the best staff. While this is certainly important, I’d argue that far too many firms are focusing the majority of their attention on outward candidate attraction and ignoring their current resources – which will only exacerbate the problem.
“With the ONS also reporting last month that jobs had surpassed the number of people unemployed, staff are arguably ripe for the picking of competitors. Identifying where internal mobility opportunities lie in order to move staff across the business and boost retention rates will help alleviate some of the pressures on resourcing teams.”