If you’ve recently found your business struggling to fill vacancies, rest assured that you’re not the only business owner in this situation. The staff shortage has worsened since the pandemic and can clearly be attributed to a variety of factors.
According to a policy brief report conducted by ReWAGE and the University of Oxford Immigration Observatory, Brexit had a “negative impact” on the labor market.
Nevertheless, Human resource management quoting the report It acknowledged that Brexit “is not the only reason for the shortage”, citing other factors as more important, such as “the pandemic, international sector-specific labor shortages and rising early retirement”.
Professor Chris Ford, ReWAGE expert and co-author of the report, points to complex reasons for the current UK labor shortage. However, he added, “Several other countries are experiencing high vacancy rates after the pandemic.”
If you are in trouble due to lack of manpower, we will help you with your office relocation.
After all, the post-coronavirus crisis is not unique to the UK, but what can UK-based businesses do to mitigate those challenges? Huh? Surprising or not, it can be beneficial to coordinate changes in your company’s office location.
Does Your Business Really Need to Move?
Moving your business to another location can certainly make you feel uniquely drastic.
The policy brief report above said companies that once relied on EU workers have switched to “reducing their need for workers by switching to automation or simply reducing production”. Meanwhile, workers in industries such as agriculture are turning to non-EU workers.
However, if you’re convinced that your business really needs workers that appear to be in short supply in a particular area, finding a new workplace for your company could start to look like an attractive option. I have.
How can your company benefit from moving to a big city?
Doing business in a small town has certain advantages. First, fewer people necessarily mean less business. As a result, your company can more easily dominate the local market. Smaller areas can also have a more community feel.
However, if you’re specifically trying to address a labor shortage, a big city might be a better fit. all business pointed out “The bigger the city, the richer the talent pool,” the site claims, with two factors behind this.
One is that “more population means more people looking for work”. Another is that “big cities usually have many universities nearby.” These can act as a sort of ‘candidate factory’ and provide qualified workers for local businesses.
For example, if you Rent your business and move it to a central London serviced officeMany graduates from London universities can be keen to apply for positions that have long been left vacant in the organisation.