One in three businesses are planning to invest in automation as a top priority amid staff shortages, a survey shows.
Companies have to face recruitment problem According to a report from HSBC, automation is likely to be high on the agenda.
A survey of 670 companies in the UK found that 40% are feeling negative about the qualifications of their staff and their availability.
The discovery fuels growing concern about Britons losing their jobs to machines.
Almost a third of jobs in the UK could become redundant by 2030 due to automation and workforce shifts, according to a study last week from the University of Arden.
The sector most likely to be affected is the transportation and storage industry, where more than half (56%) of jobs will disappear, the study said.
In the manufacturing sector, 45% of roles are expected to disappear, while in wholesale, retail and motor vehicle repair the figure is 44%.
In the public administration, defense, social security, financial services and insurance sectors, the forecast is 32%.
Carl Lygo, chief executive and vice-chancellor at Arden University, said: “The transport and storage, manufacturing and wholesale and retail sectors make up 28% of the UK workforce – there are meaning 4.2 million jobs are now at risk of becoming obsolete and wiped out at the hands of automation.”
However, HSBC said the investment would be good for businesses, helping them thrive despite the skills shortage.
James Cundy, HSBC UK CEO and head of mid-range corporate banking and structured finance said: “Research shows that the notorious entrepreneurship of UK businesses continues to continue to lead them to invest, innovate and redefine their growth ambitions.