"The findings reflect an environment of mounting pressures both within, and outside, of businesses. Internally, a growing number of people are delaying their retirement and choosing to work for longer; earlier this year nearly two fifths (36%) of employees said they had already, or were considering delaying their retirement because they wanted to continue working, or due to financial reasons (34%)."
"At the same time, employers are concerned about staff lacking the skills they need to work (77%), rising mental health challenges among employees (73%), and persistent long-term sickness (68%). Externally, talent pipelines are under strain. As newly implemented immigration policies came into effect earlier this year, reducing the availability of jobs eligible for Skilled Worker visa sponsorship, two thirds (64%) are worried about the shrinking availability of overseas talent."
"Employers are increasingly resorting to retention strategies to minimise the organisational risk associated with these pressures. In the past year, 84% have increased the amount they pay their staff, 81% their investment in their values and purpose, while 79% are increasing the amount of training they offer mid- and senior-level staff. While one in six (16%) expect they'll lose employees due to visa and immigration changes,"
Two fifths of UK employers (40%) are actively hiring people returning from a career break, and around a third are actively hiring (31%) or looking to retain (37%) older workers. Many employees are delaying retirement, with 36% already or considering delaying to continue working and 34% citing financial reasons. Employers report concerns about staff lacking necessary skills (77%), rising mental health issues (73%), and long-term sickness (68%). Immigration changes have reduced Skilled Worker visa roles, leaving 64% worried about overseas talent and 62% concerned about domestic talent. Employers are raising pay, investing in values, increasing training, offering visa sponsorship, and boosting salaries to retain and attract staff.
Read at London Business News | Londonlovesbusiness.com
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