Investment in people top priority as skills shortage worsens

As
a skills shortage grips the nation, investing in people is a bigger priority
than investing in technology, research and development, according to a new
survey.

The
Sage Heartbeat Survey of almost 4,000 senior executives, found 43 per cent of
bosses feel that ‘some or most’ investments in new technology have been a waste
of money, and are planning to invest more in training and salaries next year
than in machinery or IT.

Respondents
said that to combat the skills shortage, businesses are going to invest in a
number of different areas:

–
45 per cent are going to invest more in staff salaries

–
43 per cent in working environments

–
39 per cent in staff training

–
30 per cent in recruitment

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–
22 per cent in staff benefits.

By Michael Millar