Almost half of employers anticipate HR skills shortages

neon arrows

Research from Robert Walters has found that almost half of employers expect to encounter skills shortages when looking to recruit HR professionals in the second half of 2016.

We are likely to see the demand for HR professionals increase as employers look to take on specialists who can provide support to adapt internal processes to comply with new employment legislation that is likely to follow Britain’s exit from the European Union.

“In light of the outcome of Britain’s referendum, it is likely that changes in employment legislation will follow, further driving demand for HR professionals who can provide support in helping businesses adapt to new regulations,” said Sally Martin, Director at Robert Walters.

Key hiring areas

A number of pieces of legislation governing pay and bonuses for financial services professionals currently come from the EU, so it is likely that these regulations will be revised in the UK as negotiations on Britain’s status within Europe progress.

“Regulatory change, particularly concerning levels of executive pay, from bodies such as the PRA, EBA and FCA has led to a drive among financial services firms to recruit HR specialists in this area,” continued Martin.

With employers anticipating the possibility of significant changes in employment legislation and regulation, HR professionals who are in a position to facilitate and oversee projects relating to these changes are in high demand.

Key skills in demand

The majority of employers are planning to focus on recruiting mid-level management HR professionals.

HR professionals with experience in overseeing change and restructuring projects are likely to be in a strong position in the second half of the year when looking to change roles.

HR professionals with experience in overseeing change and restructuring projects are likely to be in a strong position in the second half of the year when looking to change roles.

“This may lead to salaries being driven up for HR professionals with the appropriate skill set, such as reward analysts and reward specialists.”

How can employers retain staff and avoid talent shortages? Download a copy of our whitepaper.

Are your salaries competitive? Request a copy of our Global Salary Survey.

Hiring advice

Read more »