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Accenture: Threats to UK Business Growth

By Rob Starr, Content Manager, Big4.com

According to new research published today by Accenture (NYSE:ACN), 86 per cent of senior executives indicate that access to appropriately skilled workers is essential for economic recovery in the UK. However, more than half say it is difficult to recruit candidates with appropriate skills and nearly a third state that retention of high performers is currently a problem.

“UK companies should consider re-thinking strategies for finding the skills they need to support growth,” said Aimie Chapple, managing director – Accenture Management Consulting, UK and Ireland. “To address skills shortages at all levels, as well as challenges holding onto existing talent, companies need to better integrate their recruitment, skills development and retention strategies. And it’s clear that British employers need to think more seriously about the long term outlook when hiring talent, and not just the immediate future.”

The survey of 401 senior decision makers in large UK businesses found that recruitment is a challenge at all levels: more than half (58 per cent) of respondents indicate that recruiting entry level workers with appropriate skills is a challenge, while 61 per cent say the same about middle management and 59 per cent say the same about executives. Staff retention compounds the difficulties as 35 percent of executives surveyed indicate retaining high performers and key talent is currently a problem and 35 percent expect it to be a problem in the next two years.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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