It may not come as a huge surprise to you that many industries in the UK are facing a skills gap. Whether it’s in the building industry, or something more high-tech, a shortage of skilled workers is causing inefficiencies in lots of industries and for individual companies. Without skilled workers, your company may not be able to grow or even operate on a daily basis.
With Brexit looming, the skills gap, particularly in the trades, isn’t going to close up quickly. There’s a good chance that some EU workers will return home once the UK leaves the EU, and others won’t be rushing in to take their places half as fast as they have in the past few years. The effects of this won’t be limited to fruit picking and waiting in coffee shops; the NHS, education, and financial services will all likely suffer, albeit in the short run. [Read more…]
Reducing your business costs is one way to improve your company’s profitability and create that little bit extra stability in an uncertain business and economic environment. While rising sales are great, if it also means rising costs, then the extra effort and commitment may turn out to be not worth it to your bottom line.