Could plumbers and electricians soon earn Premier League wages?
07 June 2016
A shortage of skills in the utility sector could lead to gas fitters and electricians demanding sky high wages.
Gas, water and electricity workers could soon demand Premier League-level salaries if the skills shortage in the utilities sector isn't dealt with by the government and employers.
Most people unaware of a looming catastrophe
Chris Wood, CEO of Develop Training said: "Most people will be unaware of a looming catastrophe, one that threatens to literally turn Britain's lights out. The chronic skills shortage in the utilities, energy and construction industries means companies are fishing from the same small pool of talent, which is inevitably pushing up salaries."
"If the skills shortage isn't tackled head on, those few who do have the skills and experience will become more and more valuable, as companies struggle to maintain the level of service consumers are currently receiving, and we'll eventually see wage inflation to unsustainable levels, maybe even rivalling Premiership footballers."
Rising bills passed on to the consumer
The issue is equally serious for business leaders and consumers alike, with rising wage bills set to be passed on to the consumer via a hike in service prices.
Since the start of the year, we have hosted a series of industry round table events to share best practice, generate ideas and action plans to tackle the crisis.
Chris Wood said: "We desperately need to attract and train young people to take the places of the ageing workforce in these vital industries."
"If we can turn this situation around, we can have confidence that the lights will stay on, our heating will continue to warm our houses, and our taps will continue to provide running water."
"Otherwise, the day is fast approaching when there will simply not be enough workers available to perform these vital jobs. We are already seeing wage inflation as employers compete for a dwindling workforce, and that trend will continue until there is an upturn in the number of new recruits."
"In order to make this happen, the education system needs to engage school students early on, just as they used to, before universities were seen as the most accepted route of further education.
"Let's all work together to ensure apprenticeships are efficiently marketed to everyone as a respected first choice alongside academic routes and not a second best option."
View the video round-up of our Industry Skills Forum below: