Member Article

Data shows skills gaps is growing: IT experts disappearing as wide-spread skills shortages continue

The UK’s skills shortages across broader white collar jobs is increasing, with application numbers across IT roles in particular showing a concerning decline in Q3 2021. That’s according to the latest real-time statistics from the world’s largest network of job boards, Broadbean Technology.

Demand for IT expertise spikes while candidates disappear

According to the data, demand for IT skills across the UK increased 66% between the third quarter of last year and Q3 2021, which is indicative of the continued pressure facing UK firms to digitise their businesses and workplaces in a hybrid working model. However, application numbers fell 41% during this same period, indicating a decline in the readily available IT expertise that the county needs as the economy recovers. The statistics suggest that employers are already beginning to feel the impact of this gap in supply and demand, with average salaries for permanent IT roles increasing £2,607 in 2021 as firms turn to financial incentives to compete for talent.

Widespread skills gaps

While Broadbean’s analysis indicated sector specific skills concerns, this dearth of talent is being felt across the board, with the total number of applications per vacancy in the UK dropping 49% between Q3 2020 and Q3 2021, while the number of vacancies doubled.

As Alex Fourlis, Managing Director at Broadbean Technology explained:

“We’ve witnessed the impact that the skills shortage has had on logistics and supply chains, but this shortage of applicants isn’t just limited to HGV drivers – it’s a widespread challenge. The fact that we’re seeing an increased gap between the number of vacancies across professional services roles overall while the number of people applying for these positions continues to drop indicates that the UK is facing a scarcity of talent that could soon reach a critical point.

“The decline in IT applications is a concern that every business in the country should be wary of as it will affect us all. The shortage of specialist tech skills is an issue that has long been building in the country, and while the plans to “level up” the country that the Prime Minister has outlined should help address this talent dearth to some degree, for the immediate demand, UK firms simply need to be able to tap into other talent pools easily, including international pipelines.”

This was posted in Bdaily's Members' News section by Broadbean Technology .