Tag: Engineering

61% don’t believe they have the skills to enter most sought after industries

After five years of falling outside the top three, engineering is now at the top of the list of most desirable sectors to work, overtaking IT & Communications (ITC), which held the top spot for the previous four years. Sixty percent of respondents, a 10% increase from 2021, said they were willing to work in the Engineering sector.

According to the new research from Randstad, surveying  163,000 working-age people, ITC has fallen to third place at 58%. The study also revealed that 70% of workers are open to job opportunities. Forty-eight percent are willing to quit their jobs if the work stops them from enjoying their lives. A further 34%  admitted to leaving a role because it didn’t fit within their personal life.

Second on the list of attractive sectors is the Automotive industry at 59%. In fourth place is the Agriculture sector at 57%, followed by the FMCG sector at 55%.

The study also found that different regions in the world have different views as to what the most attractive sectors are. For example, European respondents ranked the Automotive sector as number one (46%), followed by Life Sciences (44%) and Industrial (44%).

The Automotive sector was also in the top position (73%) in Latin America, followed by Industrial (68%) and FMCG (68%).

According to the study, even though workers are attracted to certain industries, 61% feel they don’t have the skills required to enter the industry. Sixty-five percent believe they lack the skills to work in the engineering industry. Some industries are even higher, such as the chemical sector, at 72%, and the construction sector at 69%.

On the other hand, 46% believe that the skills to work in the retail industry, and 43% believe they have the skills for the hospital industry. A further 42%  believed they had the required skills for the ITC sector. In addition, the research indicated that more white-collar workers (41%) feel that they have the skills to work in any sector, whereas only 34% of blue-collar workers feel this way.

The research also showed that 76% of employees agree that being offered the chance to reskill, while only 61% feel that their employers offer these opportunities.

Joanna Irwin, Randstad CMO, commented: “This year’s Randstad Employer Brand Research signals that the tides are changing in terms of which sectors are seen as the most attractive for employees. Increasingly, talent wants to work in sectors that make an impact in both the physical and digital world.

There’s still a job to do for employers in these sought-after industries to ensure that they are removing the barriers to entry for willing talent. Offering reskilling and upskilling programs can help employers stand out from the crowd and attract workers.”

No matter which sector is considered to be the most attractive, employers must offer compelling employee value propositions to ensure that they attract the best talent.

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2022 to be another record-breaking year
According to research from the Association of Professional Staffing Companies (APSCo), vacancies across Wales continue to rise. Vacancy levels in 2022 are set to be 196% higher than the three-year average for 2018 – 2020.

Business intelligence specialist Vacancysoft provided the data, which shows that new jobs were up 88.2% in January this year, compared to the same month last year, marking a new milestone for recruitment levels across the country.

A further finding was that real estate saw the greatest increase in recruitment across all sectors. Jobs in this sector increased by 184% year-on-year, likely due to the unprecedented interest in the Welsh housing market.

The research also showed that IT experts were in highest demand throughout Wales. Throughout the pandemic, recruiting for IT specialists was steady and accounted for 16.3% of all new vacancies across the country in 2021. Jobs in the engineering sector saw the greatest increase, with recruitment up 275.9% year-on-year.

These reported figures are in keeping with trends across the UK which continue to show record-breaking vacancy numbers online. With evident skills shortages across the country, the turbulent, candidate-driven market shows no signs of abating.

Ann Swain, CEO of APSCo, commented: “Despite Omicron threatening the UK’s economic recovery, Wales began 2022 with record-breaking recruitment levels, however, while the professional sectors are currently holding up well, skills shortages are evident across almost every specialism. The data suggests that recruitment demand will only continue to grow across Wales for the rest of this year and with experts such as IT professionals in high demand, but short supply, businesses will find sourcing the best talent becomes increasingly difficult.”

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Scottish civil engineering firm guarantees 130 jobs 

In the last year, there has been an increase in businesses adopting employee ownership schemes with one of Scotland’s most successful civil engineering contracting companies choosing now to do so, thereby guaranteeing the future of 130 jobs.  

Tayside-based, Kilmac Limited, is being placed in an Employee Ownership Trust (EOT) by its founders Athole McDonald and Richard Kilcullen, 18 years after its inception.  

According to reports, Kilmac has an annual turnover of £20m, with current projects including the transformation of Perth City Hall and the latest development phase of the James Hutton Institute in Dundee. Kilmac acts as the main contractor for local authorities, universities, local health services, road network authorities, council direct labour organisations and private clients, and is the leading groundworks contractor for commercial, social infrastructure and housing projects. 

The process of moving the business into employee ownership has been supported by Kilmac’s accountants Azets, legal advisors Thorntons Solicitors, and employee ownership specialists Ownership Associates 

Owners Athole and Richard, both civil engineers who started the business in 2004 after meeting earlier at Dundee Institute of Technology, plan to remain in place for at least the next three years.  

Athole, founder of Kilmac commented: “We have to look to the future and by creating an EOT, Kilmac will be in the safe hands of our excellent senior management team. It’s good news for Tayside, with the vast majority of our staff living in Dundee, Perthshire and Fife, and it ensures the company will continue to provide stability for our customers and job security for our employees. We have come a long way from the days when our biggest headache was getting the photocopier to work and stop the kitchen worktop being covered in ink. We knew what we wanted to deliver and have remained true to our principles.  

“We could have found a buyer for the business but we have an experienced and talented team who are more than capable of taking on the reins over the next few years. The structure is being created to take the business forward, provide clarity to our staff and customers and to avoid unnecessary disruption.” 

Carole Leslie of Ownership Associates provided employee ownership support for the project and assisted on communication with the new employee owners and other stakeholders. 

Carole said: “The employee ownership business model is an excellent succession option for business owners who want to persevere their legacy while protecting the future of their employees who have helped shape the company. 

“Under the ownership of Athole McDonald and Richard Kilcullen, Kilmac is well-established as one of the most successful and forward-looking civil engineering businesses in Scotland, and by opting for an EOT they have ensured that an enterprise they started over a kitchen table will continue to thrive, and to provide rewarding employment for more than 100 staff.” 

Kilmac joins a number of successful businesses in the area who have opted for an employee ownership trust structure and the move has been warmly welcomed by staff. 

Finance Manager Julie Scobie said: “Kilmac has always felt like a big family and it’s comforting for everyone to know that Athole and Richard have full confidence in their staff to be able to hand the legacy of their company into employee ownership as they navigate their next steps.”  

SF Recruitment, a leading specialist recruiter in the Midlands recently implemented an employee ownership scheme in order to become completely employee-centric.  

Saira Demmer, CEO at SF Group commented: “Last year we made a wholesale switch in our model to become an employee-centric business. This meant a lot of changes to the way we were operating, but we felt that to really make the change stick, we wanted to put our money where our mouth is and share the profits of the business with our employees too. It’s an open and transparent scheme with every single individual in the business having a share, regardless of their job title, seniority or tenure. Since introducing it, we have seen a significant increase in engagement and autonomous behaviour which in turn has improved performance and reduced churn quite significantly.”  

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Japanese engineering recruitment firm, Meitec, announced its results for the first quarter. According to Hideyo Kokubun, President of Meitec, during the first quarter of the current fiscal year (the three months from April 1, 2021 to June 30, 2021), the economic climate remained challenging due to intermittent restrictions on economic activities caused by the re-issuance of a state of emergency due to the re-emergence of COVID-19 in some areas of the country. Although Meitec’s manufacturing clients showed signs of recovery as well as its order environment showing signs of recovery, the future remains uncertain.

As a result, consolidated net sales for the period under review increased ¥1,431m, or 6 percent, from a year earlier to ¥25,196m. Consolidated cost of sales increased ¥1,368m, or 7.8 percent, from a year earlier to ¥18,835m, due mainly to an increase in labour expenses associated with a growth in the number of engineers. Consolidated selling, general and administrative expenses increased ¥288m, or 8.2 percent, from a year earlier to ¥3,807m, due mainly to an increase in hiring-related expenses. As a result, consolidated operating profit decreased by ¥225m, or 8.1 percent, from a year earlier to ¥2,552m.

If you have any interesting news to share, please email the Editor at Debbie.walton@talintpartners.com

 

 

 

 

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