From a HR and workforce perspective, I took four things from the budget today....
- Thinking about International Women's Day on the 8th March, the investment the government is making in women returning from career breaks, which helps the retention and supply of female talent coming back into organisations.
- Secondly, the long term investment in skills - with a focus on Science, Technology, Engineering and Maths that will improve our talent supply in the future.
- Thirdly, investment in robotics - which will change the shape of jobs and the way we do work.
- Finally, the employment rate is predicted to increase - which is positive - but this means employers will have a smaller pool of candidates and will need to be more agile at attracting and retaining talent.
So in summary, employers will need to think more about the supply of skills and the size and shape of their organisation. Looking ahead to the Autumn Budget, we may see changes around the employment of non permanent labour.