Skills shortage driving slowdown, hurting growth globally: Grant Thornton
PTI: New Delhi, Feb 08 2013, 22:10 IST
cited by 61 per cent of the BRIC businesses and 65 per cent of their peers in the G7. A lack of both work experience and qualifications are also mentioned.
The impact of these workforce issues on business growth prospects is evident: the IBR reveals that more than one in four businesses (28 per cent) expects their 2013 expansion plans to suffer as a result of skills shortages, rising to more than one in three in the BRIC economies (36 per cent).
This has dropped from 35 per cent globally pre-financial crisis when employment levels were much higher – particularly in mature economies.
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