We are currently experiencing a huge skills shortage, my financial services clients and manufacturing clients seem to spend their lives hiring, they fill one position and another becomes available. How are we going to find the staff to keep up? Well the first option and obvious one is to up-skill internally (but I’ll save that for another rant) the second option is to tap into the UKs 1.4 million eligible candidates!
Who Are They, What Do They Do & Where Do I Get My Hands On Them?
Well, do you remember Susan your former FD who got pregnant but couldn’t come back full-time because of childcare? Well bingo, we have 1.4 million Susan’s.
And because 95% of employers are yet to realise we need our Susan’s and still believe the world is full of 20-year-old geniuses with 16 years’ experience willing to work for £20,000, we are currently the crappiest Western country when it comes to getting parents back into work; 27% lower than any other country in fact!
Well done United Kingdom, we have actually managed to go backwards!
After the war when we had a skills shortage (admittedly slightly more severe than the one we have now) we created on-site nurseries, so women could come to work and know there was a safe, guaranteed place for their children to be! Genius.
Now whilst 95% of employers are damn average at supporting parents back into work, 5% have actually realised the value of Susan(s) and have taken the initiative to do something about their skills shortage, staff turn over and retention! (For the purpose of this argument, I am ignoring you fantastic supporters of flexible working, this is purely focussed on on-site support) Goldman Sachs is leading the way, they now have on-site nurseries in their London, Tokyo and New York offices. In locations where they can’t provide childcare facilities, they work with local nurseries to subsidise their facilities for employees. They also provide after school and holiday clubs for 5-12 year olds, which has proved to be exceptionally popular! Around 1400 Goldman Sachs employees use their childcare services! 1400! That’s ¼ of their employees.
I know I know, Goldman Sachs have so much money it’s not a fair comparison! They could give every new starter a gold-plated calculator and diamond stapler!
“My company is too small I can’t afford to fund internal childcare” – well yes that’s pretty bloody obvious! However, you also thought you couldn’t afford a fancy meeting suite, coffee machine and serviced lift but you found a small office to rent in a shared building with all those perks.
Welcome hared office child-care suites!
“Article 50 is coming” and we still have little to no idea on how it is going to impact our current foreign workers. We have 2.2 million EU workers; let’s say 50% leave the UK, that leaves us with an additional 1.1 million vacancies on top of the current 770,000. If you think it’s hard to recruit now, imagine an additional 1 million vacant positions!
Let’s do the maths here, if above 50% leave the UK we will be left with 1,870,000 vacancies. There are only 1.4 million unemployed people in the UK, even if they all were miraculously suitable and skilled for current vacancies we still have a deficit of 470,000 jobs with no people to fill them.
Surely this is reason enough to really consider how you are making work accessible for parents, particularly single parents!
Take 6 minutes out of your day to hear Rohan Silva and Rachel Carrell discuss how you can overcome the challenges of childcare for parents!
Written by Harriet Finch