IoD: regulation impeding investment in UK training

first_img whatsapp Share KCS-content SKILLS shortages in the workforce are holding back 58 per cent of UK businesses, a survey revealed today.And high taxes, burdensome regulations and misguided government projects are deterring companies from investing in skills, the Institute of Directors (IoD) said.“Businesses want to invest in training, and they would invest even more if the government improved the business environment by removing excessive employment regulations,” said the IoD’s Miles Templeman.Programmes such as Time to Train actually make it harder for companies to offer training opportunities to their staff, the IoD said. Some 63 per cent of directors say the programme has imposed more red tape, while over one in ten will remove training discussions from appraisals due to problems created by the scheme.Yet almost a third (31 per cent) of employers are struggling to fill vacancies due to a lack of skills among applicants, the survey reported.And even worse is the “skills gap” – a lack of skills among current employees. Almost half (47 per cent) of directors said some of their staff lacked the necessary skills needed to do their jobs properly. Tags: NULL whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap IoD: regulation impeding investment in UK training Show Comments ▼ Monday 13 December 2010 9:02 pmlast_img