Insights into sector skills needs
With nominally five people chasing every job it is not surprising that skill shortages across the economy are at record lows. However, at sectoral level there are still major concerns that a lack of the right sort of skills in critical areas could hold back economic recovery and damage future UK competitiveness. As consumer demand evolves and technological change creates new markets and ways of working, the skills required to deliver effective performance also change. Employers will increasingly have to find new ways of ensuring that prospective and existing employees possess the required skills.