As we enter a new decade, 40% of business leaders think that a delayed recovery is one of the biggest issues they will face. That’s according to research carried out by CBSbutler, the specialist engineering and technical recruiter through its Bulletpoint Briefing newsletter which goes out to 4,500 business leaders. Over a third (35%) are not expecting any recovery until the third quarter of 2010 and almost a quarter (23%) fear a double dip recession.
“One of the biggest eroders of confidence during this recession has been uncertainty – and judging by the results of our survey, it looks like that uncertainty is set to continue”, says David Leyshon, Managing Director of CBSbutler.
Interestingly, the second biggest issue identified was skills retention with 30% of respondents feeling that the retention of key skill sets once the recovery gets underway would be a major issue.
“There has been a lot of research out recently citing that a large percentage of people are dissatisfied or unfulfilled in their jobs – retention is consequently going to be a key issue in any recovery”, added Leyshon. And in the engineering sector, with news recently that the UK needs to find nearly 45,000 skilled engineering workers by 2016, employee attraction and a stellar employer brand will be crucial.”
Poll results:
As we enter a new decade – what do you see as the biggest issue on your business agenda?
- Delayed Recovery 40%
- Retention of key skills 30%
- Succession planning 10%
- Change of government 10%
- Expensive credit 10%
When are you expecting an economic recovery?
- q1 - 2010 15%
- q2 - 2010 12%
- q3 - 2010 35%
- q4 - 2010 15%
- double dip recession 23%
