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UK employers pay more to recruit new staff as skills gap intensifies

UK companies had faced difficulties recruiting employees with the right attributes in the last 12 months as a skills shortage strengthens, according to research by The Open University.

The problem was costing businesses more than £2bn a year, as employers have to spend more money on higher salaries, hiring costs and temporary staff.

Although, the UK’s unemployment was at its lowest rate for more than 40 years at 4.6pc in April, many EU nationals refuse to take up roles in Britain because of continued Brexit uncertainty.

The UK challenge of finding human resources with the required skills means that companies have to invest more funds in improving their workforce, Steve Hill, external engagement director at The Open University, noted.

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