There is a shortage of skills at middle management level within UK business. This has an impact in terms of cost, competitiveness and innovation. However, there are opportunities for business to tackle the shortage.
The pace of technological change combined with the UK’s imminent departure from the EU raises the question of talent. Does the UK economy have enough of the right skills to drive its growth?
Grant Thornton’s International Business Review research has revealed that more businesses in the UK than elsewhere in the EU, Europe and G7 are citing a lack of skilled workers as a constraint on their business.
In this short video, we take a look at the current skills shortage in the UK particularly at middle management level and its impact on business. Unless the skills gap is addressed, a lack of the right skills can increase costs for a business and hamper its ability of to compete and innovate.