The demand for highly-skilled engineers in high performance engineering and motorsport exceeds supply. The new Talent Retention Solution (TRS) is a free service (for companies with less than 500 employees) and complements existing commercial recruitment activity. It will create a ’talent pool’ of skilled defence employees who need redeployment, following huge budget cuts.
“This is excellent news for Motorsport Valley” said Chris Aylett, CEO of the Motorsport Industry Association (MIA) “Many motorsport companies are growing so fast, yet are held back, as they can’t find the high quality engineering staff needed to meet global demand for their products. The UK’s defence industry, facing significant cutbacks due to budget reductions, is host to some of the very best engineers in the world. I am sure they will add strength in depth to our world beating motorsport industry”.
The easy to use website, Talent Retention Solution (TRS), helps match skilled employees facing redundancy, with UK motorsport companies.TRS will be fully funded by business subscriptions from larger engineering and defence companies.
By January 2012, over 1500 employers will have signed up to TRS, which will provide live data, broken down by skills and geography. In time, TRS will help redeploy skilled engineering employees from across all advanced engineering sectors, particularly those affected by large scale redundancies. Currently Rolls-Royce, BAE Systems, Nissan, Siemens, Airbus and EDF are amongst those signed up to TRS.
Please click here to view a letter from Vince Cable, please use this link for more information www.bis.gov.uk/news/topstories/2011/Jul/talent-retention-solution
