Businesses lack confidence in AI and green technologies as the skills shortage persists
New data from this year’s Business Barometer report published by the OU, in partnership with the British Chambers of Commerce, has found that nearly two thirds (62%) of UK organisations are still reporting worrying skills shortages.
The annual report, monitoring the current UK skills landscape, found that skills shortages remain a prevalent issue across sectors and regions in all four nations. Despite this, fewer than one in five (19%) organisations have implemented a written skills plan for their workforce this year, hindering the ability to strategically address these issues and prepare for future demands.
In particular, organisations have reported a lack of confidence (64%) in applying either new AI or green technologies, skills that employers agree are crucial to growth and sustainability for UK businesses and the wider economy. Skills shortages and this lack of confidence, continue to have a knock-on effect on staff morale and wellbeing, as 68% of employers say shortages have increased the workload of their employees. This is a clear indicator that employers need a strategic, inclusive skills plan to develop talent to fill key skills gaps.
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