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British retailers facing record staff shortages

UK retailers are facing a labor shortage as UK job openings hit record highs.

Vacancy surged to 1.1 million between July and September, the highest level since the record began in 2001, according to the latest figures from the National Bureau of Statistics (ONS).

According to ONS, the largest increase in vacancies was in the retail sector and car repairs.

KPMGUK’s chief economist, Yael Selfin, told the BBC that labor market shortages could “hinder” the UK’s economic recovery from a pandemic. “Recovery is testing the economy’s ability to adapt to the new post-pandemic environment. The reduced availability of foreign workers has made this challenge even more difficult,” she said.

“A serious lack of skills pushed vacancies to record levels for the second straight month in September as employers struggled to find skilled staff.”

The UK unemployment rate was estimated at 4.5%, compared to 4% before the pandemic.

Last month, the Confederation of British Industry (CBI) warned that labor supply problems affecting the UK could last up to two years. According to the Financial Times, authorities do not expect companies to change their rules to temporarily allow EU workers in these positions in the past, but rather British labor, including furloughs. He said he should use the person.

Staff shortages are affecting every part of the economy, but they are putting “serious pressure” on SMEs in the UK, according to a report released by accounting and advisory firm BDO.

The survey of more than 500 companies showed that companies weren’t able to operate at a “normal” level due to a shortage of staff. Combined with supply chain issues and inventory shortages, many companies face challenges that Brexit has never predicted.

British retailers facing record staff shortages

Source link British retailers facing record staff shortages

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