Finance sector short circuits recruitment for electronics

first_img Comments are closed. Growthof the electronics industry in the UK is being threatened by the financialsector’s more successful recruitment programmes, claims a newly releas-edgovernment-backed report.Thereport, by KPMG and the Federation of the Electronics Industry, discovered thatnearly all of those surveyed (98 per cent) agreed that skills shortages are themost pressing issue for the industry.Italso claims that the electronics industry is unable to compete with the “goldenhellos” of up to £10,000 being offered to graduates by employers in thefinancial services sector.BillParsons, executive vice- president of human resources of ARM Holdings, agreeswith the report’s findings. He said, “The skills shortage in this country is amajor issue – there are just not enough suitable graduates coming out ofuniversity. Like all UK-based electronics companies we are predominatelyrecruiting from abroad including America and the Far East.” Hecontinued, “The report is [also] correct that closer links with the Governmentand education is essential. Electronic companies need to follow our leadlinking up with the top universities. ARMsponsors students and research at Cambridge and Liverpool universities, andruns a four-year degree course in electronic and software engineering atLoughborough University. Over90 per cent of those surveyed claimed that working with the education sector toalter the perception of the industry would help to improve public awareness andattract employees. CrispinO’Brien, head of electronics at KPMG, said, “The electronics industry has todevelop stronger links with the Government and education to raise the profileof the industry and change perceptions. This is essential if companies are toattract and retain high-calibre school-leavers and graduates to the industry.”www.kpmg.comByPaul Nelson Previous Article Next Article Finance sector short circuits recruitment for electronicsOn 27 Feb 2001 in Personnel Today Related posts:No related photos.last_img