"When asked about their plans for the rest of 2025, just under half (48%) of SMEs leaders revealed they are looking to upskill their current team, by far the most popular answer. This compares to 29% who plan on expanding their leadership team and a quarter (25%) who plan to hire new staff. This strategic focus on developing internal talent reflects wider concerns about recruitment challenges."
"56% of SMEs state they are concerned about the current access to talent in their industry, with a fifth (19%) feeling very concerned. Latest ONS figures show unemployment in the UK has reached a four year high - further underlining the importance of sustainable, long-term workforce strategies. For many SMEs, upskilling is already paying off. Nearly three-in-ten (27%) SMEs cited investing in their current team as a key driver of growth in 2024 - highlighting the long-term value of nurturing existing talent."
Nearly half (48%) of UK SME leaders plan to upskill current employees for the remainder of 2025, compared with 29% planning leadership expansion and 25% planning new hires. Fifty-six percent of SMEs express concern about access to talent in their industry, with 19% very concerned. ONS data showing a four-year high in unemployment underscores the need for sustainable workforce strategies. One third of SME leaders call for more national skills programmes, while 28% want easier routes to bring skilled overseas workers. Investment in current teams drove growth for 27% of SMEs in 2024.
Read at London Business News | Londonlovesbusiness.com
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