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Boom in skilled migration predicted31st March 2008 The number of highly skilled migrants in the UK is set to rise to 812,000 by 2012, representing an increase of 14% over the next four years, according to global recruitment consultancy Harvey Nash... The research predicts skilled migrant workers will contribute over £77 billion to the UK economy by 2012 through their work and the jobs they support. The “Future Flows” report, compiled for Harvey Nash by the Centre for Economics and Business Research, says that skilled migrants already account for 2.5% of the country’s total workforce and contribute over £36 billion worth of output and that this is set to increase to 2.8% and over £49 billion respectively by 2012. A number of core industries are set to benefit from the influx of skilled migrants. The IT, telecommunications and transport sector will require an extra 19,000 skilled migrants by 2012 as demand rises for e-commerce and software specialists. Skilled migrant output is also expected to grow by 44% in the utilities sector between now and 2012. The majority of these highly skilled migrants come from the European Union, including new accession states such as Romania and Bulgaria. Other significant flows come from Asia and Africa. Harvey Nash chief executive, Albert Ellis, commented: “Skills are critical to the UK economy, but critically lacking in our current workforce. Far from undermining the UK labour market, migration is vital to future economic stability, helping to fill in the gaps created by older and under-skilled workforces and make an important economic contribution. “Businesses need to embrace skilled migration, recruit from wider social groups, as well as offer flexible and rewarding working practices for home-grown talent, in order to safeguard their long term and global competitiveness.” |
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