In a challenging operating environment, fewer firms are increasing their investment in training and development in 2023 after a period of post-Covid catch-up
Since the CBI’s previous Education and Skills Survey in 2021, the UK economy has experienced a series of political and economic shocks in the wake of the coronavirus pandemic. Labour and skills shortages now rank top of labour market concerns across businesses, whilst inflation, and the cost of living, also feature highly.
The survey was conducted between 14 October and 14 November 2022. 273 businesses, of all sizes and sectors across the UK, responded in total.
It reveals that more than nine in ten firms (94%) know that they currently have skills gaps to address. Add to this that a further nine in ten workers will need to learn new skills by 2030 to keep up with anticipated changes to their jobs, and the case for improving approaches to training and staff development is more compelling than ever.
Key findings from this year’s report:
- The proportion of firms intending to increase investm
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