Skills Shortage Costs UK £2 Billion Per Year.

[MrMarkyMark]

The survey, conducted in April and May, found 56% of businesses had to increase the salary on offer for a role “well above” market rate to get the skills they required in the previous 12 months. The average increase was £4,150 per hire for small and medium-sized firms and £5,575 per hire for larger organisations.

Feck, everyones going to go bust

[eek]

Feck, everyones going to go bust

Companies complain that they can no longer find resources cheaply - sorry but if you pay peanuts you get monkeys and then have to pay someone a proper rate to fix the mess.

It's always best to pay for quality in the first place

[scooterscot]

Lets follow that trough..

1) Wages increase.
2) Cost of services and products increase
3) People purchase less as debt increases further
4) Exports fall as they become less competitive
5) Interest rate sky rocket to temper our of control inflation

High five all round. Shall I get out the bunting?

[BrilloPad]

Do you have a link to the original? Which skills are these?

[BrilloPad]

Lets follow that trough..

1) Wages increase.
2) Cost of services and products increase
3) People purchase less as debt increases further
4) Exports fall as they become less competitive
5) Interest rate sky rocket to temper our of control inflation

High five all round. Shall I get out the bunting?

Even AtW has better ekonomics skills than that.

[scooterscot]

Do you have a link to the original? Which skills are these?

Probably engineering. Some joker in Bristol recently tried to tempt me back with a rate equivalent to nearly half what I'm earning here. And that's before you consider the cost of living.

[scooterscot]

Even AtW has better ekonomics skills than that.

The chronicle lack of investment is no helping matters either. I've never understood why people vote for a government that champions privation of railways say and then argues no conflict of interest. How can a train company expect to pay profits to shareholders whilst at the same time invest in trains? Complete nonsense.

[MrMarkyMark]

Original link.........sorry!!!!!

https://www.theguardian.com/money/20...r-survey-finds

[BrilloPad]

Original link.........sorry!!!!!

https://www.theguardian.com/money/20...r-survey-finds

employers should respond to skills shortages by helping train their workforces.

Exactly. However employers are hooked on the drug of cheap overseas labour.

[MrMarkyMark]

FTFY

employers should respond to skills shortages by helping train their workforces.

Exactly. However employers are hooked on the drug of cheap overseas labour and effectively bleed GBP from their host country.