The vast majority of businesses in the UK think that hiring methods are hindering business growth, due to being restrictive and inefficient and are leading to a lack of progress and adding to the widening skills gap.
So says research from online talent marketplace Upwork, and comes on the back of another report from CompTIA that suggests that the skills gap has become a significant problem in the IT sector and harming innovation in the UK.
The study reveals that 88 per cent of UK companies believe that current hiring methods are too slow, and a further 82 per cent thinking this has a negative effect on business.
Upwork Country Manager, Hayley Conick, told ITPro: “The current way in which businesses find new talent is broken – it’s inefficient and often ineffective. It’s particularly worrying to learn that UK businesses are being prevented from growing both in terms of winning new work as well as losing existing clients as a result of inefficient processes for finding talent.”
“Today, businesses have access to a global pool of talent at the click of a button. However, only 4 per cent of businesses are looking beyond UK borders”
1,000 hiring managers where surveyed during the study, who revealed that it takes companies 34 days on average to find and hire new employees, with 14 per cent saying that it took longer than two months to hire candidates.
Results also revealed that 37 per cent of companies advertise for new staff in newspapers and magazines, with 31 per cent advertising online, 25 per cent on LinkedIn and only 19 per cent on other Social Media networks.
The CompTIA research found that 44 per cent of the surveyed 1,500 IT workers feel that productivity suffers due to a lack of talent, with the biggest area for concern being cybersecurity.
In its research, CompTIA found that 44 per cent of 1,500 IT workers believe that productivity suffers because of a lack of talent, with the biggest area for concern being cybersecurity.
Estelle Jones, CompTIA’s UK director for member communities, said: “The impact of the skills gap threatens the livelihood of businesses across the country, from information security to customer service and more need to be done to table this growing problem.”