Talent matters

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For UK CEOs availability of key skills has fallen off the top slot of potential threats, with only 40% being somewhat or extremely concerned compared to 61% last year.

Access to and retention of key talent was seen as the single most important issue in sustaining long-term growth in the UK. Over three quarters of UK CEOs believe they face a limited supply of candidates with the right skills. Other key people issues in recruiting where the UK appears worse than Global companies are:

the ability to provide attractive career paths (65% UK, 58% Global)
Competitors recruiting the best people (65% UK, 52% Global)
Key people making career changes for personal reasons ( 62% UK, 50% Global)
Poor retention of female talent (37% UK, 28% Global)

When asked whether the UK government has been effective in helping create a skilled work-force, 16% strongly disagreed and 40% disagreed. Clearly UK CEOs believe that there is more work the government can and should be doing with regards to the UK work-force, and this may well be a key factor in just how strongly the UK emerges from the downturn.

What do you think the government can do to tackle the problem of skill shortages?

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Here are some of your views:

As a final year undergraduate I think one of the ways is to develop more degree apprenticeships combining theory & practical workshops which enable students to challenge their skills and to asess area's of growth.
Muhammad Faizal

The Government need to provide fiscal incentives for women to remain in the workforce especially after having a family. Rather than rely on employers to fund/part fund the costs of childcare, women themselves should not have to fund the bulk of their childcare costs out of NET income. For those wanting the top jobs, childcare needs to be fully flexible (eg nanny) rather than the 8-6 nursery provision.
Sarah Churchman

I'd like to see more training of key skills. Have no lost count of the number of gradualtes I've seen who can quote media trends and use any amount of software until the cows come home, but fail to read a map or demonstrate a basic level of numeracy.
Mike Taylor

The government need to invest in people from a young age, and equip them with the skills they'll need in the workplace.
S Tecwyn

Contacts

Oriana Pound

+44 (0)207 804 8611

Read the Global CEO survey results

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