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AN EDUCATION IN BUSINESS SKILLS

May 14, 2012

Organisations globally have been vocal about the lack of candidates with the right skills coming on to the jobs market. Many have now taken it upon themselves to tackle this major issue, according to Hays, the leading recruiting expert.

Organisations have often reported their frustration about the lack of skilled candidates posing a real threat to future business growth. Whether it is the shortage of skilled recruits at entry level, the growing need for specialist knowledge or global skills demand exceeding supply, few organisations are immune to this serious challenge to long term economic growth and sustainability. In the latest Hays Journal, the recruiter explores how global organisations are now working with education providers in an attempt to address the skill shortages.

Charles Logan, Director at Hays says, “We have long heard employers complaining that young people are leaving higher and further education with great academic qualifications, but a lack of basic workplace skills such as team working, communication, initiative and punctuality. Rather than waiting for a government led solution, organisations are tackling this issue themselves.”

In a recent survey of jobseekers, Hays found the vast majority said workplace training was the best route to career progression. In a highly competitive and crowded job market, internships and other career training schemes are increasingly important to make sure employees can get a foot in the door, make their CV stand out from the crowd and continue to learn new skills. Career training programmes give employers the chance to work with potential employees and train new workers from scratch. The survey found that on-the-job training (68%) and using an in-house training department (50%) were both viewed as an effective use of training.

“These findings reflect an emerging global trend for businesses and academic institutions to form partnerships to create industry specific training,” continues Logan. “These programmes, including apprenticeships, focus on the required technical skills without compromising the qualification’s academic value. This addresses short-term skills demand and will help to meet future workplace requirements.”

To access the Hays Journal please visit: www.hays-journal.com

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About Hays
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.

As at 31 December 2011, the Group employed 7,988 staff operating from 247 offices in 32 countries across 20 specialisms. For the year ended 30 June 2011:
– the Group reported net fees of £672 million and operating profit (pre-exceptional items) of £114 million;
– the Group placed around 60,000 candidates into permanent jobs and around 190,000 people into temporary assignments;
– 31% of Group net fees were generated in Asia Pacific, 33% in Continental Europe & RoW (CERoW) and 36% in the United Kingdom & Ireland;
– the temporary placement business represented 54% of net fees and the permanent placement business represented 46% of net fees
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, China, Chile, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA

For further press information please contact:
Deepa Bose
Hays
T. 020 7259 8821
E. deepa.bose@hays.com

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