Skills shortages holding back businesses, according to survey
- 20th July 2016
- Business & Economy
Skills shortages are holding back businesses, with over two-thirds of businesses not feeling confident about filling high-skilled jobs in the future, according to this year’s CBI/Pearson Education and Skills survey.
The survey highlighted the areas in which there is a skills shortage, with sectors such as construction, manufacturing and professional services being affected.
According to the survey, there is a growing demand for higher skills. Over three-quarters of businesses are expecting to have more jobs for individuals with higher skill levels over the coming years, and there is a growing need for people with intermediate, leadership and management skills.
Businesses are also becoming more committed to providing in-house training, with 42 per cent of training being done externally.
The survey also highlighted concerns over the design of the Apprenticeship Levy but showed that businesses have been taking more action when it comes to apprenticeships, with over 70 per cent now offering apprenticeship programmes.
Commenting on the research, CBI Deputy Director-General Josh Hardie said: “There are very positive signs throughout the country with more businesses supporting schools, offering careers advice and investing in workplace training – firms need to keep upping their game in this area.”
He added that skills are a “top business priority” but that over two-thirds of businesses do not think that they will be successful in acquiring the essential people. He said that “getting the skills and education system right across the country, particularly in
After months of uncertainty and political wrangling, a Brexit deal was finally announced on Christmas Eve 2020. The deal includes…
The first step to building or expanding a business is creating a concrete business development plan. Entrepreneurs will find plenty…
Every business operates with the goal of growth, but only a few manage to beat the competition at every curve.…