Santander’s recent report highlights the critical need for government action to bolster skills in leadership, digital literacy, and sustainability. This push comes as the UK faces significant shifts in work attitudes, technological advancements, and the pursuit of Net Zero goals.
- UK workers are spending significantly less time on training compared to a decade ago, raising concerns about future skill readiness.
- A majority of workers are not aware of the impending impact of AI and societal changes on their careers, with most expecting to remain in the same field.
- Generational differences are evident in attitudes towards hybrid working, posing challenges for managers and leaders.
- Santander has initiated an adult education programme to tackle skills gaps, focusing on leadership, digital, and green skills training.
In a comprehensive report titled “Tomorrow’s Skills,” Santander outlines the pressing need for the UK government to prioritise skills development to prepare the workforce for future challenges. The report identifies three major societal shifts: changing attitudes to work, the rise of AI, and the ongoing transition to Net Zero. Each of these requires targeted investment in training and upskilling.
Recent findings reveal that UK workers are engaging in training 20% less than a decade ago, despite recognising the urgent need for upskilling to stay relevant. Constraints like time limitations, cost, and lack of flexibility are significant barriers that workers face, contributing to stagnant productivity levels across the nation.
Mike Regnier, CEO of Santander UK, emphasises that “The UK cannot afford to fall behind in this critical area if we want our economy to grow and remain competitive.” The report underscores the necessity of adopting a strategic skills approach, focusing on leadership, digital technologies, and sustainability.
Generational attitudes towards hybrid working highlight another area of concern. While younger employees, particularly in the 25–34 age group, view hybrid working favourably, there is notable scepticism among older employees aged 55–64. Such differences necessitate tailored management strategies to harmonise workplace dynamics.
As industries integrate AI technologies, awareness of the need for skills development is growing. However, a substantial portion of workers remain unsure about the longevity of their current roles, with younger workers fearing job displacement by AI innovations. The report argues that enhancing proficiency in AI and digital tools is indispensable for future workforce resilience.
The UK’s commitment to achieving its 2050 emissions targets involves a shift towards a green economy, with 58% of workers anticipating the need for new skills in sustainability. Santander’s report advocates for comprehensive training programmes that equip the workforce to support this transition effectively.
In response to these challenges, Santander has introduced an adult education initiative in collaboration with various partners, providing free training on essential leadership, digital, and sustainability skills. This programme aims to empower individuals and businesses to adapt to and thrive in a rapidly evolving economic landscape.
Addressing the UK’s skills gap through targeted initiatives is crucial for maintaining economic competitiveness.
