
Prepare for a "demographic timebomb", UK companies warned
By Andy McCue
Published: 12 June 2006 14:35 BST
UK businesses are actively targeting older workers to address recruitment difficulties and fill skills gaps, according to the Chartered Institute of Personnel and Development's (CIPD) annual recruitment survey.
The study found that 70 per cent of employers are looking to recruit people aged between 55 and pension age, while almost a third (31 per cent) are looking to recruit people who are entitled to a state pension.
Eight out of 10 businesses reported recruitment difficulties and 68 per cent of those said this was down to a lack of necessary specialist skills in the market.
New employment regulations around age, which are due to come into force later this year, are also one of the drivers behind the recruitment of older workers.
But the 26 to 34-year-old range still remains the main age group UK employers are targeting.
The CIPD study also found that UK companies continue to look overseas to fill some vacancies, with 15 per cent of employers targeting migrant workers from the new EU states. Almost two-thirds (64 per cent) of companies are also using e-recruitment in order to cut the cost and time involved in hiring new staff.
In silicon.com's exclusive 2006 Skills Survey, 52 per cent of the 1,198 respondents said hiring staff from overseas is not an essential way of filling short-term skills gaps, while 24 per cent said it is.
The latest statistics from UK IT industry group e-Skills UK show the average age of an IT professional is 37 years old for a man and 38 years old for a woman.
Karen Price, CEO of e-skills UK, said businesses need to prepare for the looming "demographic timebomb" as fewer young people come through university.
She told silicon.com: "The pool of talent will be smaller and it will be fiercely competitive to get the brightest and best people."
Price added that offshoring will also have an impact on the skills gap, with many entry-level positions now being sent overseas leading to fewer people progressing naturally up to more senior management positions.
She said: "There is no room for complacency."
You want Fries with that Sir? It would be interes...
Charles Smith
I agree with Charles Smith. I have spent the last ...
Anonymous
I find this story difficult to believe, as I am 59...
Tony Sygrove
I totally agree with the previous comments.
I am ...
Roy Axford
While it is encouraging to see that UK companies a...
Julian Dobbins

Should CIOs fear the rise of private equity?
IT stands to lose some of the ground it gained post-dot-com bust...
Unjust extradition laws must be amended
Or more UK execs will be hung out to dry
Stories from the web...
Europe's Hot Growth Companies
BusinessWeek Europe
What's ahead this year, or whenever
News.com
The internet's second wave
FT.com (subscription required)
Economic forecast for Europe is bright
International Herald Tribune
CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.
Research Panel
silicon.com and the Bathwick Group analyst house have joined forces to create the silicon.com research panel.
As a member of the research panel community you will be asked to take part in short surveys from time to time investigating a broad range of IT and business topic areas.
Shortly after you have completed a research survey that is of interest, you will be sent your research panelists report. Other benefits of the panel include complimentary event passes and prize draws.
Copyright ©1995-2008 CNET Networks, Inc. All rights reserved. Top of page