A widening skills gap in the UK is threatening both employee progression and business success, according to new research.
ADP’s People at Work 2024 report reveals a global workforce increasingly doubtful about employers’ commitment to skill development. This skepticism is particularly pronounced in the UK, with less than four in ten employees confident their company adequately invests in their career growth.
The crisis is especially acute among young workers. Just 39% of 18-24-year-olds feel equipped for future career advancement, underscoring an urgent need for upskilling initiatives.
The report also highlights a global recognition of the evolving skillset required in the era of technology and AI. Nearly half the worldwide workforce anticipates future job needs will necessitate technological proficiencies not currently deemed essential.
European workers appear mostly indifferent about AI’s impact, with nearly one in five UK employees believing their jobs are immune to technological change. Yet, a significant percentage (19%) in the UK lacks the AI knowledge to consider potential job implications compared to a global average of 7%.
This also shows that younger workers are more eager to learn new skills than their older colleagues, with 34% of 25-34-year-olds actively seeking training, compared to 15% of older staff who still maintain the same level of technology knowledge. Additionally, European employers, including UK employers, are less likely to discuss skill development and career paths with employees, as fewer than half of European workers have such conversations.
To bridge the skills gap and foster career growth, ADP recommends strategic investments in employee training, particularly in AI and technology. Regular conversations about career paths and skill needs are fundamental, with tailored approaches for different age groups. By prioritising these actions, employers can enhance organisational competitiveness and employee satisfaction.