Majority of British firms require new skills and workforce management systems to successfully deliver their strategies

97 percent of board members across the UK and their direct reports admit they need new or additional skills to successfully deliver their strategies while 66 percent reported needing these new capabilities to a great or fair extent, an increase of six percent from 2014, new figures from the Barometer on Change produced by business transformation consultancy Moorhouse have been able to reveal.

The Barometer on Change 2015/16 surveyed 200 Board members and their direct reports in UK organisations. Respondents had a combined spend on change initiatives of £5.1 billion (compared to £4.2bn in 2014), with an average project spend per respondent of over £25 million. Respondents to the survey were drawn from FTSE 250 companies, UK multinationals and major public sector organisations across a variety of industries.

The aforementioned increased demand for new capabilities comes alongside a rapidly rising need for businesses to demonstrate greater agility. Nearly seven in ten reported an increase in the pace and pressure of change in 2015, while 80 percent anticipated this would only rise further over the next three years.

Those reporting a need for new skills or abilities to a great or fair extent rose from 51 percent in 2013 to 66 percent in 2015, while respondents claiming they were ‘extremely’ confident in their ability to access those skills fell from 47 percent to just 30 percent in the same period.

“Securing future growth absolutely requires the right people with the right skills,” emphasises Richard Goold, Partner at Moorhouse. “For the more than three-quarters of organisations that are looking at acquiring those skills either purely externally or through some external/in-house combination, it will be imperative to ensure that focused recruitment and development efforts help transfer and sustain the required skills for such transformations.”

A modern and flexible workforce management solution is really a must for any firm that aims to achieve its market strategies, and this is specifically where Time & Attendance UK has the expertise and know-how to help.

Our specific position within this market segment, as well as proven experience in the field enables us to thoroughly customize our systems in order to meet all of your requirements, whether you’re an enterprise customer with multiple sites or a smaller business.

The Smart Card Time & Attendance recording workstation incorporates such features as job booking, job costing, labour hours analysis and security management. If you want to find out more about the range of affordable, reliable solutions provided by Time & Attendance UK, just contact our dedicated product team, they’ll be more than happy to answer any question you might have.