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Our labour market has been squeezed for the right skills and jobs for young people

4 11 0
20.06.2022

Right now, one of the most pressing concerns for City businesses is a shortage of workers with the right skills. According to research by London Councils, almost a quarter of all vacancies in the capital are due to a lack of applicants with the necessary talents. Meanwhile, the number of cases where employers have been unable to fill a vacancy due to skills shortages across London has more than doubled since 2011.

So how do we start to find a solution to a challenging labour market and ensure our skills base keeps pace with what is needed by employers?

By working closely with the education sector, firms of all sizes can play their part in developing a pipeline of talent and in turn helping them compete globally. Young people have been dealt a particularly bad hand by the pandemic, which has been hugely disruptive to their education and career opportunities.

And we are still seeing that too many of those at the top are drawn from a narrow background, which is particularly........

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