Worker shortage

Small firms struggle to find workers

The majority of British businesses, especially smaller companies, are facing challenges in filling job vacancies, according to a survey by the Recruitment & Employment Confederation. Around 70% of employers reported a shortage of candidates, with the problem being more severe outside of London. The survey found that over 80% of companies with 50 or fewer staff are struggling to fill positions, compared to 67% of large businesses and 57% of medium-sized companies. Neil Carberry, CEO of the REC, highlighted the need for support from agencies to address the issue. The confederation warns that if the worker shortage crisis persists, it could cost the UK economy up to £39bn annually from 2027.