Yet two-thirds (66%) fear that there will be a lack of sufficiently skilled people to fill vacancies.
That’s according to the 2018 CBI Education and Skills Annual Report, in partnership with Pearson.
The report represents 28,000 businesses and reveals that 85% of firms are expecting to maintain or increase investment in training in their workforce. Currently, UK employers spend £44.2 billion on training expenditure each year.
When asked about the impact of the apprenticeship levy, the report highlighted a drop in the number of firms offering apprenticeship programmes (from 83% in 2017 to 70% in 2018). Worryingly, 59% of those firms that offer such programmes have experienced difficulty in recruiting apprentices or expect to do so in the next three years. And over a quarter (26%) have taken the decision to absorb the levy as an added cost of doing business. Read more