Skill Shortage in the UK
One of the fundamental issues facing the developed world is their skill shortage as a result of regional mismatch, cyclical shifts, inadequate training levels, and labor market restructuring.
The UK has a range of professions that fall under the Occupation Skill Shortages category as companies fail to find suitable candidates from within the local talent pool to perform certain jobs. This opens up a wide array of opportunities for the international students to work for UK businesses across sectors.
According to the UK skills bureau, there are more than 30 million people who are currently employed in the UK, but along with sectors like finance, education & healthcare often see there are some other sectors that see some of the fastest-growing demand for skilled professionals.
The UK has a specific skills shortage in a variety of fields like production managers, Physical scientists such as geologists, Engineers such as Civil, mechanical, electrical, and electronic engineers as well as Design and development. Fields of IT, finance, and healthcare also see regular shortage but over the last three years innovations in the manufacturing sector, financial technology, and IT areas such as augmented and virtual reality have also witnessed a shortage of skilled professionals.
Despite the uncertainty surrounding Brexit and its implications on the United Kingdom, recent economic data suggests that the unemployment rate in the UK is at it’s lowest today when compared with data for the last 45 years.
The UK economy is headed for a growth path, but that also means that the increase in demand for skilled professionals, which includes financial managers, healthcare professionals, social workers, engineers, app developers etc. is just going to increase.
The top universities in the United Kingdom are well prepared in ensuring that these demands are met. Most top universities in UK today ensure that the latest courses and programs offered will be supported by the latest curriculum, research and other facilities to ensure that there is no shortage of skilled professionals in the United Kingdom.
Following is a snapshot of companies that hire in these sectors in the UK:
- In IT/Technology: Phoenix IT, Telicity group, Microfocus
- In Construction: Balfour Beatty Carillion, Kier Group
- In Fintech: Revolut FreeAgent, Funding Circle Monzo
- In Manufacturing: Unilever, Rio Tinto, GlaxoSmithKline, Anglo American, AstraZeneca
- In Data Protection: BT, PWC, Clearswift, SentryBay, Becrypt, AstraZeneca
- In Healthcare: Skin Analytics, Babylon Health, Cambridge Cognition
- In Engineering: Hilti GB, Renishaw, Babcock International, Jaguar Land Rover