A new employer survey undertaken by CBI/Accenture identifies that low level of skills are the biggest threat to UK competitiveness and employment.
The key findings are:
- half of employers (50%) expect their workforce to be larger in 12 months’ time, while just 12% expect the workforce to be smaller;
- concerns about low levels of skills (63%) have overtaken employment regulation (61%) as the biggest perceived threat to the UK’s competitiveness as a place to employ people;
- businesses cite the most important actions to improve young people’s employability as more relevant high quality vocational educational options (48%), better links between business and education (47%), improvement in skills (41%) and better careers advice (37%);
- the proportion of businesses assessing the employee relations climate as cooperative or very cooperative has increased to a new high of 76% (up from 72% in 2013); just over half of firms (52%) report at least some barriers to developing a more diverse workforce;
- virtually all businesses (95%) believe flexibility is vital or important to the competitiveness of the UK’s labour market and the prospects for investment and job creation; and
- the individual working time opt-out remains an essential element of the UK’s flexible labour market – more than seven in ten (72%) businesses reported that its loss would have an impact on them.
See the full report here