UK Companies Using Levy Funds Confident of Talent Pipeline Ahead of Brexit Skills Gap

LONDON - April 9, 2019 - PRLog -- The 2019 U.K. L&D report released by findcourses.co.uk, provides a guidepost for organizations looking to thrive despite the possible skills challenges presented by Brexit.

The survey of L&D professionals working in the U.K. revealed that 60 percent of companies already using their apprenticeship levy funds are very confident that they have a sustainable talent pipeline. However, only 15 percent of U.K. companies surveyed said they were confident in their ability to secure new talent as Brexit looms and the U.K.'s population ages.

In light of the U.K.'s uncertain Brexit outcome, companies looking preempt obstacles can look to market leaders to find the most lucrative models of success. The report shows that 90 percent of leaders are actively using levy funds to train apprentices and that all viewed apprenticeships as an important or very important part of their L&D strategy.

Organizations utilizing apprenticeships have found that alongside increasing the engagement of staff, knowledge sharing between new recruits and those approaching retirement age has been promoted. Despite the benefits of apprenticeship programs highlighted in the report (such as retaining crucial knowledge within a business as a portion of the workforce retires), organizations in the U.K. have a largely overlooked opportunity to capitalize upon a talent pipeline that will give them a competitive advantage both now and in the future.

For more ideas on how to take on the challenges of 2019, read the full report here: https://www.findcourses.co.uk/inspiration/hr-learning-development-articles/download-uk-ld-full-report-19-15099