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LABOUR shortages have
eased somewhat (Figure 33) and are expected to ease further (Figure 34)
FIGURE 34: RECRUITMENT/LABOUR CHALLENGES
10 20 30 40 50
% CFOs reporting severe recruitment difficulty/labour shortage in last 3 months
41% 31% 32% FIGURE 33:
BUSINESSES EXPERIENCING LABOUR SHORTAGE
All UK sectors, December 2023
Unsure 13%
Yes 18%
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IMPACT OF TECHNOLOGY
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No 69% Source: ONS
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ZDV FRPLQJ IRU WKH SDVW ILYH \HDUV 1RZ KHUH DQG &KDW*37 DQG WHFKQRORJ\ VۑWL OLNH LW DUH VR HDV\ WR XVH <RX PLJKW KDYH WR HGLW WKH RXWSXW EXW \RX FDQ JHQHUDWH VRPHWKLQJ DW VSHHG 7KHUH LV D IHDU LW ZLOO WDNH RXW UROHV LQ FHUWDLQ LQGXVWULHV “,Q UHFUXLWPHQW SHRSOH ZRXOG WUDGLWLRQDOO\ WKLQN ‘:H QHHG D KXPDQ 1RZ VRPH RUJDQLVDWLRQV ۑHORU IRU WKLV are considering, ‘Do we need a human DXJPHQWHG E\ WHFKQRORJ\ RU GR ZH MXVW 7KDW LV WKH IHDU ۑ"\JRORQKFHW QHHG WKH 7KHUH DUH JRLQJ WR EH QHZ MREV FUHDWHG >%XW@ KDYH ZH WKH FDSDELOLW\ WR GR WKRVH WKLQN VR , WۑQRG MREV DW WKLV SRLQW" , NQRZ ZKDW WKRVH MREV DUH \HW WۑQRG “7KHUH QHHGV WR EH D FRQYHUVDWLRQ
around what this means in each LQGXVWU\ DQG LQ HDFK RUJDQLVDWLRQ :H QHHG WR HQVXUH ZH JHW HIILFLHQF\ ە ZLWKRXW ORVLQJ HIIHFWLYHQHVV *UDYHV QRQHWKHOHVV EHOLHYHV WKH
18% Q2 2022 Q3 Q4 Q1 2023
13% Q2
14% Q3
13% Q4
11% Q4
2024*
*% expecting difficulty in 12 months’ time Source: Deloitte CFO Survey, Q3 2023
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Travel Weekly Insight Report 2024 25
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