The UK digital skills gap is significant. According to The Open University the UK skills shortage is costing organisations £6.3bn and, according to the CBI adult education spend needs to increase by £130bn by 2030 if they we are to narrow the skills gap.
Since the pandemic many organisations have accelerated their digital transformation strategies which means that many more organisations are currently competing in the same talent pools, where a finite amount of candidates exist. Many are struggling to differentiate their offer and attract those with specific skills across many public and private organisations. The pace at which change is happening is a huge challenge and what businesses are facing today will be different again in 12 months time.
Organisations need to be focused on hiring but also on upskilling their existing employees to help bridge this gap, setting out a long term digital strategy to ensure future success. Hiring at both junior and senior level means that the more experienced team member can support upskilling of more junior employees. Alongside this more relevant university courses and apprenticeships are needed to cater for the skills that will be needed in years to come.
The UK is witnessing a widening digital skills gap which will see organisations investing in a race for digital talent over the coming years. Now is therefore the time for organisations to ensure they’re upskilling their talent within with crucial skills, as well as hiring the right digitally experienced and skilled talent for tomorrow’s needs.