Labour and skills shortages are biggest business challenge

Of the service sector corporations hiring, the proportion of corporations reporting recruitment difficulties rose to 71 per cent, the best since information started. In manufacturing, the proportion of recruiting corporations reporting better difficulties is at its highest since This autumn 2016.

Commenting on the outcomes, John Bridge OBE DL, Chief Executive of Cambridgeshire Chambers of Commerce, mentioned: “While there are many business vivid spots all through Cambridgeshire and Peterborough, the proof from our survey within the county exhibits that progress and confidence stay subdued total as we enter a brand new yr.

“Labour and skills shortages are set to be the biggest potential drag anchor on business in 2018, since in the end it’s folks that make companies work. Business itself should do extra – by coaching and investing wherever doable in individuals – however authorities should additionally give corporations the boldness to place their livelihoods on the road and go for progress.

“This must be the year employers act rather than just complain on skills, and the year government delivers clarity, leadership and investment in people and most essentially infrastructure. Kick-starting growth, and boosting wages and prosperity for all, depends on this.”

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