Skills shortages and recruitment issues are impacting on the trading performance of a majority of Welsh firms, new research shows.
According to the Open University’s Business Barometer 2022 report, published in partnership with the British Chambers of Commerce, more than three-quarters (77%) of firms are seeing reduced output, profitability or growth as a result. The research also had public-sector employer respondents.
The Open University’s annual report, which provides a temperature check on the UK skills landscape, also highlighted the effect the skills shortage is having on staff morale and wellbeing, as almost three-quarters (70%) of organisations say the impact increases workload on other staff.
