Firms warned over race for talent

THE economic landscape may be improving, but with a third of workers setting their sights on a new job in 2014, businesses need to invest in their workforce if they are to win the race for talent, according to recruitment specialist Reed.

By The Newsroom

Published 13th Jan 2014, 00:01 BST

With pay remaining static and workers reporting fewer benefits, a new report which canvassed the views of 2,500 employers and employees claims that it is time for businesses to take action.

The report adds that while the UK’s workforce is stable with more than three quarters – 79 per cent – of workers feeling secure or very secure in their roles, 43 per cent of employers are worried about losing talented individuals from their organisation.

Throughout the past 12 months, Reed has been reporting on employment trends across the UK which has shown that a candidate’s market is reappearing, with the number of job opportunities up 28 per cent year on year.

Despite this, only 38 per cent of businesses have a talent strategy and none of the organisations questioned had changed their approach or added new incentives.