Employers are keen to engage in training but there is a lack of awareness of skills reform programmes.
Fewer respondent firms are increasing their investment in training and development after a year of post-pandemic catch-up growth last year, while a majority of respondents say they are unaware of some key Government skills reform programmes according to the 2022 CBI Education and Skills Survey.
The CBI Education and Skills Survey took place against a backdrop of labour and skills shortages, a decline in business investment and the cost-of-living crisis. The CBI's own economic forecast shows the UK is facing a shallow but prolonged recession in 2023, with business investment standing 9% below its pre-COVID level by the end of 2024. Results from the CBI’s Employment Trends Survey 2022, in partnership with Pertemps, outlined that access to labour and skills continues to top business’ labour market concerns, while the cost of living and high labour costs also feature heavily.
