youth employment

Pending Skills Gap Crisis for UK Businesses

Princes Trust research reveals recruitment stigmas still exist despite 53% of businesses unable to fill positions for a year A Prince’s Trust report revealed that 73% of UK businesses fear that a skills crisis is imminent with over half (53%) of businesses unable to fill positions for a year and 32% experiencing a skills shortage for entry level positions. 63% of the 616 business leaders interviewed stated that they are growing faster than this time last year – citing an ageing workforce and trouble finding the right talent as major concerns due to accelerated growth. Businesses recognise the importance of recruiting and training the younger population, with 72% of employers stating that recruitment of young people is vital to avert crisis. Despite this, research shows that stigmas surroun... »