Can you be replaced by a robot? ‘One in three’ businesses invest in automation amid staff shortage | Business newsletter

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%.

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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.”

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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.

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