• Register
Return to: Home > News > CIMA: double threat of Brexit and Covid fails to encourage UK workers to upskill

CIMA: double threat of Brexit and Covid fails to encourage UK workers to upskill

Two thirds (66%) of UK employees have said they have had no training or professional development since January 2020, despite the pandemic forcing many businesses change how they operate.

Research conducted by the Chartered Institute of Management Accountants (CIMA) found that the Covid-19 pandemic has worsened the UKs employability skills gap enough to potentially hinder the country’s long-term recovery. The situation could also be made worse with the end of the Brexit transition period looming, as employers lose access to the EU-wide talent pool.

According to CIMA’s annual Mind the Skills Gap report, two thirds (65%) of UK SMEs said that the pandemic has highlighted skills gaps within their organisation. Within this group, nearly 95% believe these skills gaps are significant enough to hamper their organisations future growth and success.

The most common skills gaps highlighted by the report relate to digital skills (42%), health and safety (37%), and people management and leadership skills (33%).

CIMA chief executive, management accounting, Andrew Harding said: “To be successful in both the post-Brexit and COVID-19 world, the UK must change its attitudes to workplace learning or risk being left behind.

“Results from our 2020 Mind the Skills Gap research show a clear mismatch between the skills employers say they need, and the amount of skills training employees say they have had. This time however, under the current economic circumstances, the stakes are higher for business.

“If we are to meet the future skills challenge needed for a post-Brexit Britain and equip our workforce with the skills they to thrive in the future world of work, we need to better support all workers to reskill and help them and businesses adapt to be being both resilient and competitive.”

On a more positive note, 67% of UK SMEs said they had accelerated their organisation’s digital transformation as a direct result of the pandemic. Within this group, 78% believe their current workforce has the right skills to support their organisation’s digital transformation. However, 78% of these same SMEs also identified significant skills gap in their organisation due to the pandemic.

Top Content

    HONG KONG NATIONALS: UNDERSTANDING VISA AND TAX WHEN MOVING TO THE UK

    Over 2 million Hong Kongers learned recently that they may soon be offered a route to UK citizenship following China’s introduction at the end of June of its controversial Security Law in the territory.

    read more

    SASB IMPLEMENTATION SERIES: COMMUNICATING ESG TO MAINSTREAM INVESTORS

    As part of a series of webinars, the Sustainability Accounting Standards Board (SASB) took a closer look at how to communicate ESG initiatives and progress to mainstream investors

    read more

    REPORTING AND COMPLIANCE: WHY WE NEED A DATA REVOLUTION

    Commerce no longer adheres to national boundaries: the largest international organisations to the smallest businesses operate in a global market. However, rules for corporate reporting and compliance do adhere to borders, write IMA’s Jeff Thomson and Liv A Watson

    read more

    CORONAVIRUS TIMELINE: REACTIONS FROM THE ACCOUNTANCY PROFESSION

    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.