According to a report, businesses with recruitment difficulties are most likely to prioritize automation.
One-third of businesses plan to invest in automation as a top priority in response to labor shortages, according to a survey.
According to the report from HSBC, companies with recruitment issues are most likely to prioritize automation.
Forty percent of the 670 businesses surveyed in the United Kingdom felt negative about their staffing levels and availability.
The findings add to the growing concern that Brits will lose their jobs to robots.
It follows a study conducted by Arden University last week, which indicated that nearly one-third of jobs in the United Kingdom could become obsolete by 2030 due to automation and shifting workforces.
Over fifty-six percent (56%) of jobs are projected to be lost in the transportation and storage industry, according to the research.
In the manufacturing sector, 45 percent of positions are expected to be eliminated, while the wholesale, retail, and repair of motor vehicles will lose 44 percent.
The forecast for public administration, defense, social security, financial services, and insurance is 32%.
Carl Lygo, the chief executive officer and vice-chancellor of Arden University, stated, “The transportation and storage, manufacturing, and wholesale and retail sectors account for 28 percent of the UK workforce, which means that 4.2 million jobs are now at risk of being rendered obsolete and eliminated by automation.
However, HSBC stated that the investment will benefit businesses, allowing them to flourish despite skill shortages.
James Cundy, managing director and head of mid-market corporate banking and structured finance for HSBC UK, stated, “The research demonstrates that the infamous entrepreneurial spirit of UK businesses continues to drive them to invest, innovate, and redefine their growth ambitions.
