The skills shortage is a pandemic which affects a large proportion of small businesses in the UK. Our research found that the majority (71%) of small businesses are suffering from a skills gap in their business, highlighting the sheer scale of this issue.
Although it’s great to see that eight in ten (81%) of those facing a skills gap have implemented measures to address it, businesses who haven’t done so already, whether they’re facing a skills gap currently or not, should consider its future impact.
A skills shortage can restrain and constrict business growth, and having strong measures in place to attract and retain a talented workforce can put your business leagues ahead of your competitors. To help with this issue I’ve summarised some key steps companies should consider taking to address this pivotal issue.
- Identify and observe the company’s ideal workers who perform well and hold the necessary skills
- Strengthen your training programmes for staff
- Don’t just focus on training; including measures aimed at retaining staff is equally, if not more important
- Consider offering apprenticeships
- What is the average age of your current workforce?
By Carl D’Ammassa, Managing Director of Asset Finance at Aldermore