Almost half of all London businesses believe there is a lack of highly skilled workers in the capital, according to a new report by the Confederation of British Industry and KPMG.
The latest London Business Survey found that 45 percent of London Businesses say there is a skills shortage in the capital.
Key data
| 66% of businesses experience difficultly in recruiting high skilled personnel |
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56% of firms want a reformed visa system want a reformed visa system to remove the barriers to hiring highly skilled individuals from overseas |
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Only 50% of businesses provide work experience to students
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More than a third of London businesses said they offer careers advice and talks to students |
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A fifth of London firms said that finding skilled IT and technology personnel is the most difficult |
Additional facts
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Businesses need to work with schools and colleges to equip students with the skills companies look out for
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Science, technology, engineering and maths are particularly valuable skills in London’s industry sectors
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62% of firms are aiming to increase headcount and expand business thanks to increase optimism in the economy
The London Business survey was completed by 115 London firms from a range of sectors between 7 July and 28 July 2014. You can find more information here.
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