Time and attendance and personnel management systems are the key to mitigating the effects of skill gaps

Time and attendance and personnel management systems can help companies of all sizes mitigate skill shortages, which are becoming increasingly commonplace – near record-low levels of unemployment have resulted in over a quarter (27%) of SMEs struggling to hire skilled workers in Q1 2018, according to the latest SME Confidence Tracker from Bibby Financial Services (BFS).

Finding new staff and retaining existing employees are some of the key challenges faced by SMEs. Over a fifth (23%) of SMEs say they have had to increase wages to retain skilled workers and 22% are having to offer higher salary packages when hiring due to increased competition.

While gaining access to skilled workers is a problem across all sectors, it is a particular challenge for the construction sector, with more than a third (37%) of SMEs saying that hiring skilled labour is a concern.

Despite this, SMEs are determined to combat the skills shortage, with more than two-fifths (42%) planning to invest in training and developing existing staff and a quarter (24%) bringing in new talent over the next three months.

Personnel management and time and attendance solutions from Time & Attendance UK can help firms make the most of their available skills pool

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. Furthermore, the Time and Attendance software suite holds a comprehensive record on each member of staff’s skillset, helping managers to optimize the way in which tasks are assigned within projects.

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.