Bosses to tackle shortfall in skills
Sunday 18 January 1998
The move follows the publication of research by the organisation - in association with Alex Lawrie, a finance company that is part of Lloyds TSB - indicating that the problem is as serious as ever. The survey found that nearly a third of firms believe they are being held back by "inadequate levels of skills in both sales and management staff". Computing and other IT skills shortages remain acute, with firms pointing to particular problems with managerial and clerical staff.
In addition, business owners are concerned about the ability of the education system to meet their needs. More than 60 per cent of the 343 firms surveyed believe school-leavers lack basic writing skills, while 38 per cent feel the same about graduates. More than half were also critical of graduates' understanding of the business world.
The survey also found that, while take-up of such formal initiatives as National Vocational Qualifications and Investors in People is generally low, most small firms give training - largely through on-the-job and specific short courses.
Dr Ian Peters, deputy director-general of the British Chambers of Commerce, said: "Skills shortages create major capacity constraints in the economy, giving rise to inflationary pressures."
The BCC action comes as Barclays Bank makes another attempt to persuade small business owners of the benefits of professional advice with the publication of two guides, "Getting the Best from your Business Adviser" and "Developing Relationships with Businesses". Both the guides have been produced with the aid of Business Links and are aimed at improving understanding between business managers and their advisers of their respective needs and priorities.
Mike Davis, managing director of small business banking at Barclays, said the initiative was prompted by its 1996 Building Better Businesses Awards, where 99 per cent of the companies nominated reported performance improvements directly attributable to working with Business Links advisers.
- 1 Three of Pope Francis' relatives die in Argentina car crash, including two young great-nephews
- 2 Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
- 3 Reading Festival 2014: Tesco branch replaces salad with Jager and potatoes for vodka as campsite opens tomorrow
- 4 Here’s the damning letter Robin Williams wrote to his Mrs Doubtfire co-star's principal after they expelled her
- 5 Ferguson protests: 90-year-old Holocaust survivor Hedy Epstein ‘arrested’ by police during St Louis demonstrations
Syria conflict: President Assad finally turns on Isis as government steps up campaign against militant strongholds
Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
Iraq crisis: Islamic State's message to America - 'We will drown you all in blood'
Ferguson: In the heartlands of America, a descent into madness
Celebrity Big Brother 2014: Audley Harrison meets Kellie Maloney: 'Was Kellie really the best you could come up with?'
Isis threat: Cameron wants an alliance with Iran
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Ukip MEP calls for reintroduction of death penalty on fiftieth anniversary of last deaths
Russell Brand calls for Israel boycott: Comedian urges big businesses that 'facilitate the oppression of people in Gaza' to pull funding
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
World peace? These are the only 11 countries in the world that are actually free from conflict
iJobs Money & Business
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...
£60000 - £90000 per annum + Bonus: Harrington Starr: Global leading Energy Tra...
£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...
£45000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Harrington Sta...