@CIMA_News welcomes post-COVID skills boost, but employees must develop growth mindsets and embrace change
The Chartered Institute of Management Accountants (CIMA), the world’s largest body of management accountants, welcomes the UK’s government renewed commitment to delivering a post-COVID skills revolution, and transform the country’s skills system for the better.
Amid the pandemic and the ongoing challenges surrounding skills and productivity, this year’s Spring Budget comes at a critical time for the UK. The country’s productivity has been particularly poor since the financial crisis and lower than its European neighbours. Investment in innovation and skills is urgently needed to support long-term growth.
66% of UK SME employees have not undertaken skills training or professional development since the start of the year.
65% of UK SMEs have identified skills gaps in their organisation as a result of the COVID-19 pandemic.
Over 90% of these SMEs said that skills gaps are significant enough to hamper their organisation’s future growth and success.
Over two thirds (66%) of UK employees say they have had no training or professional development since January 2020, despite the COVID-19 pandemic forcing many companies to change how they do business.
Addressing skills, productivity and social mobility is the key to long-term success, says Andrew Harding, @CIMA_News
The UK doesn’t have strong track-record when it comes to investing in skills, and higher-level skills in particular.
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