Skills shortage

Employers across the construction and engineering sectors see skills shortages as a greater threat to business performance than threats such as rising oil prices, according to a recent business poll commissioned by the

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The poll into Foundation Degrees - courses that are designed and delivered in partnership with employers - reveals that 92% of employers predict that their business will be threatened in 2006 by a lack of skilled personnel.

Furthermore, 82% of employers believe that they may suffer from a lack of skills amongst their existing workforce. However, despite recognising the enormity of the skills' threat, only 9% have been involved in designing courses to help combat the skills issues.

Given that one of the greatest threats to business in 2006 is judged to be increased competition in the marketplace (97%), employers in the construction and engineering sectors are proving slow to take action to seize the skills' initiative and increase their competitive edge. One in four employers in across these sectors doubt they will meet business targets in the next financial year.