Nearly one-third of UK employees feel they are going nowhere in their jobs –
costing their employers up to £200bn in wasted potential.
The finding, by Foundation Degrees, finds almost half of the 571 employees
surveyed think they are undervalued, and four in 10 believe they are wasting
valuable skills and experience.
Nearly 40 per cent of staff are frustrated at the lack of opportunity to try
new things and half want their jobs to be more challenging.
Margaret Hodge, minister for lifelong learning and higher education, said
the research shows the importance of continuing education and development.
"Too much talent and ability is going to waste because employers are
failing to develop the potential of the people they have and appreciate the
real value of on-the-job learning and experience," she said.
"Foundation degrees can help people move out of career ruts and into
better and more interesting jobs by equipping them with the technical know-how,
academic knowledge and transferable skills that employers demand."
The research shows most employees believe employers are to blame for failing
to fill skills gaps.
Nine in 10 respondents believe employers are responsible for ensuring there
are enough skilled employees in the workplace.
A similar proportion feel employers should give existing staff the
opportunity to take on different skills and more responsibility before
recruiting new people.