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Report: The Emerging UK Workforce Crisis

The UK is facing an unprecedented labour shortage. Mercer’s Workforce Monitor explores what impact this could have on reward and how reward professionals can start to prepare.

Mercer workforce monitor 1

Key findings:

  • The workforce crisis is not just an HR issue. CEOs and company boards must be equipped to understand the impact of the skills shortage and agree measures that, at best, transform and, at worst, mitigate operational risks.
  • Organisations may have to retrain older workers, attract staff of all ages through apprenticeships, help more women return to the workforce and automate or offshore jobs.
  • Businesses will also need to manage the health and wellbeing of the workforce they have — one that is ageing with more carers’ responsibilities and is facing unprecedented levels of change and uncertainty.

The report is based on the Mercer Workforce Monitor model, which draws on UK population and workforce data to understand and analyse impacts on organisations.

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