British businesses in the SME space are bullish about growth prospects over the next two years, belying the "war for talent" that is currently being fought between ambitious growth-orientated firms.
A shortage of skilled workers is slowing employment growth but could mean higher wages – with two-year lows being reported.
In order to address the growing skills shortage facing the British supply chain industry, organisations must be prepared to break the mould surrounding the traditional type of employees considered.
Traditionally, when countries exit extended periods of downturn, one of the biggest problems faced by businesses is building up the necessary cash reserves so that, as orders increase, the cashflow needed to service that demand exists. However, partly due to the longevity of the most recent period of stagnation, the availability of the skills required to ensure seamless business operations has become one of the biggest hurdles.
New research reveals the main workforce issues faced by medium-sized firms.