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UK skills shortage costing businesses a lot


Executive Grapevine | Executive Grapevine International Ltd

UK skills shortage costing businesses a lot

Emerging skills shortages in the UK jobs market are starting to drive up wages, according to research compiled by the Chartered Institute of Personnel and Development (CIPD).

The Guardian reports that, after a “lost decade” of lethargic growth since the financial crisis back in 2008, privately-owned businesses have anticipated an increase in annual pay by 2.5% on average in 2019 – which is up from two per cent at the end of 2018.

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