Survey Finds Major Skill Gaps in Certain UK Business Sectors

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29th April 2013 17:14 - Professional Services

 

The latest survey by PwC has uncovered a worrying gap – nearly two thirds of UK business leaders report that a lack of employees with key skills is hampering their company’s growth prospects.

It was also revealed, given that the survey was conducted internationally amongst 1,300 chief executives, that British business leaders are more worried about the lack of available skills than their Western European colleagues, since the UK respondents ranked the skills gap as the greatest threat to the continued growth of their firms.

To tackle this talent shortage, three quarters of chief executives want the Government to prioritise initiatives providing support for training and learning over the next 12 months.

Nevertheless, this runs in contrast to the level of investment that business leaders are themselves willing to provide to boost talent, since only a third of the surveyants claimed they have made filling skills gaps as their top priority for the year ahead.

The majority of UK chief executives at 70% stated that boosting the skills of their workforce is actually a long-term goal, involving plans to increase investment over the next three years.

Overall, the sectors with the direst shortage of skilled employees were found to be energy, engineering, construction and mining.

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