'Britain needs you' | Are retirees the key to the talent crisis?

The latest data from Manpower shows that, without a shadow of a doubt, the UK is still experiencing a crippling talent shortage, which shows no signs of slowing.

Spread across seemingly every industry (with some feeling the pinch more than others), this talent shortage is impacting everything from internal talent pipelines, to the cost of hiring, and overall profitability as companies scale back on what is deliverable to customers.

Three in every four (75%) companies have reported talent shortages and difficulty hiring this year, representing a dizzying 16-year high. In fact, this number is over 20% higher than it was in 2019, and more than double its lowest point within the last decade.

As a result of these ongoing struggles, many companies will be looking for intelligent solutions to their talent woes. Some may be looking to lure back previous quitters with attractive benefits packages, or offering higher pay to key talent in the market to beat competitors.