71% of Businesses Don’t Believe Cameron’s Employment Target will be Met
Almost a quarter of British businesses say they’ve experienced restricted growth due to a shrinking talent pool
71% of British businesses do not believe that David Cameron’s target of full employment will be achieved in the next five years, according to a new report by totaljobs.
The research, which surveyed 100 UK businesses and over 4,000 jobseekers, found that nearly half (49%) of British enterprises expect to experience recruitment problems over the coming years.
Almost a quarter (23%) of small businesses said they had already restricted growth due to the UK’s shrinking talent pool, and 55% said they had a skills shortage in their businesses.
Despite the negative trend, 95% said the new national living wage won’t discourage them from hiring.
John Salt, group sales director, totaljobs, said:
“The research reinforces the argument that the UK economy will struggle to maintain long-term sustainable growth if the mismatch between the supply of jobs and existing jobseeker talent pool is not addressed.”