Skills a concern for SMEs

Despite an increase in confidence over the last three months of 2015, the index reveals that while local small businesses are leading the way on job creation, 61% of respondents, feel they will not be able to find a candidate with the adequate skills.

In addition, 73% feel that college and university leavers are the least prepared for workplace.

The survey published this morning comes as the vice-chancellor of Queen’s University Prof Patrick Johnston said serious decisions need to be taken over the future funding of higher education in Northern Ireland to meet employment needs.

“In Northern Ireland, small businesses continue to show they are resilient, leading the way on employment growth and productivity,” said Wilfred Mitchell, FSB policy chair for Northern Ireland.

“Smaller businesses remain the largest employment provider in Northern Ireland and are continuing to lead the way in job creation with firms reporting that they have expanded their staff in the last three months, with more planning to do so this Spring.”

However, he warned that future growth was on unsteady foundations as spending cuts by Stormont continue to be realised, including cuts to the higher education budget.

“To ensure more stable economic growth, the jobs being created by our small businesses need to be filled by those who are adequately skilled and able to demonstrate employability skills,” he said.

“As the majority of respondents state that most candidates do not possess these skills, it is crucial that education and training providers engage directly with small business owners in Northern Ireland to ascertain what is required.”