UK Employment Continues To Grow

Today the ONS has released its latest stats on the UK labour market.

The implications of this buoyant employment for organisations competing for talent.

Today’s ONS employment stats have once again confirmed strong employment growth up and down the country, which is great news for companies and employees. The challenge, however, remains in competing for the right staff with the right skills.

Not all businesses are in the financial position to offer monetary rewards to attract and retain top talent. However, for the most part employees’ expectations have begun to shift and so money is no longer necessarily the most effective way of rewarding staff or appealing to new talent.

Companies need to look at benefits beyond financial incentives in order to attract the best talent. From flexible working schemes for a better work-life balance, to robust career development programmes and creative working environments, employers need to communicate the benefits associated with their brand.

With this change in focus, organisations are able to attract and retain the best talent and so combat the current skills shortage that is affecting many industries

Ben Frost, Solution Architect EMEA at Korn Ferry