With the engineering skills crisis worsening year on year, Morson Group has once again shown a proactive approach to tackling the problem by inspiring a new generation of engineers to become leaders in their field with their annual Early Careers Development Programme...
Reports & guides | Talent Solutions
Labour trends report: Where has all the talent gone?
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Morson Group reports strong financial performance for year end 2023
Morson Group has recorded another record year as Group revenue jumped from£1,151.7m in 2022 to £1,332.9m in 2023, underscoring Morson’s ability to scaleits operations efficiently while maintaining high levels of service and client satisfaction. The Group also reported...
The Morson STEM Foundation Impact Report 2024
Our purpose is to positively impact lives every day, and every member of the Morson Group is driven to fuel innovation, empower industry and enable opportunities for people. The UK's ongoing STEM skills shortage has been estimated to cost the UK economy £1.5billion...
For the first time since records began vacancies in the UK are outstripping the number of people seeking work.
Vacancies reached 1.3 million in February-April 2022, 499,000 more than pre-pandemic levels. Labour shortages are becoming a persistent feature of the market and the expected post-pandemic rush back into the office hasn’t happened. Competition for talent is fierce at the moment as employers face new challenges including:
- rising economic inactivity
- inflation
- candidate expectations of their employers
In this labour trends report, we look at some of the causes of this tight labour market,
discuss the impact on businesses and employees, and consider what employers can do to attract talent in this challenging climate.