One of the biggest challenges facing the new UK government is the impending skills shortage fuelled by the country reaching record levels of employment. A skills shortage would dent the momentum of fast-growth companies and would also have a knock-on effect on the economy.
Fast growing companies are not only the country’s top wealth creators but are also responsible for the highest levels of job creation in the British economy, so the new administration must prioritise supporting them.
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As a company that has grown rapidly, we know that access to a pool of skilled talent is necessary to continue momentum and growth. Also, because the very best talent is in such high demand, it is more important than ever for companies to have two main factors that help make a powerful first impression to potential new employees.
Workspace
The journey from front of house to meeting room allows for any prospective employee to form opinions of the company within seconds by looking at the layout and design of the workspace.
As a result, more and more global market leaders are investing in their work places to attract the very best talent, and help them stay ahead of their competitors and continue to grow.
Office space has a direct impact on the morale and productivity of its employees, but can also create an empowering work culture and help attract potential recruits. Prospective employees are looking further than salary and job perks but to the very design of the office, as they will be spending most of their time there.
Employees in the UK work the longest hours in Europe and spend an average of 40-42[1] hours per week in the office, so companies must do everything they can to enhance the workplace environment.
Technology
Companies are increasingly looking to invest in their workplaces with technology to help keep up with the developments of their competitors. The more sophisticated businesses are also taking advantage of state-of-the-art technology which enhances productivity and ultimately has a positive impact on employee retention.
The talent which has emerged in the last couple of years are more tech savvy than their predecessors and value a more agile workplace. Technology is revolutionising the workplace and the new generation recognise the ability of embedded technologies to aid in increasing efficiency, while also creating break out areas and collaborative spaces which have a positive impact on productivity.
Companies should be looking to match the needs and desires of this current generation of workers, in order to stand out from their competitors.
But the government also needs to support these fast-growth companies by empowering young professionals with training, education, and apprenticeships, to ensure this demand from companies for skilled employees is met.
Offering companies a large pool of talent will only enhance growth in these businesses and the wider economy as a whole. Successful firms must also continue to invest in enhancing the workplace environment if they want to attract and retain world-class talent.
Sources
[1] http://www.topuniversities.com/blog/differences-average-working-hours-around-world