Employees are feeling the most secure at work for four years but skills shortages continue to intensify, according to CBI research released today.
The research by CBI and William M Mercer shows that 27 per cent of respondents claim that employees thought jobs were more secure in 2000, with 21 per cent claiming their job was less secure.
But employers are being increasingly hard hit by skills shortages, with 39 per cent of firms claiming that this had a significant impact on competitiveness compared with 23 per cent in 1999.
Susan Anderson, CBI’s director of human resources policy, said, “The economy has been in good shape in recent years and that has led to increasing job security, despite the global slowdown.”
But she warned, “Rising skills shortages are a worry, but firms responded to the challenge by spending money on training and now is the time for the government to do its bit by delivering higher educational standards.”
Firms responded to the skills shortage by increasing their investment in training, with 61 per cent per cent of firms reporting a rise in training expenditures compared to 49 per cent the year before.