City Of London
UK Finance Industry Suffers From Record Skills Shortfall
- About five vacancies for every 100 finance roles are unfilled
- Changing work habits and digitization are behind the shortfall
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UK finance firms are struggling with their worst job vacancy rates on record, underlining the skills shortage caused by digitization in banking, investing and insurance.
The industry had more than five vacancies unfilled for every 100 jobs between April and June 2022, according to data compiled by the Office for National Statistics. That’s the highest since records began in 2001, and puts the sector behind only hospitality and tech firms.