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Big challenges bring big rewards : Big picture narrative


Big Challenges Bring Big RewardsOur first Thematic Review sets out the overarching context and the case for investment in skills.

Big challenges bring big rewards : Big picture narrative
(PDF, 1.1 Mb)
 
Published April 2012

Big challenges bring big rewards examines the bigger picture on employment and skills in the UK. It updates some of the previous analysis published as Ambition 2020. The information is provided in an accessible, narrative style for a business-facing audience. Crucially it highlights that whilst there are big challenges facing the UK economy, the rewards for business, individuals and the economy as a whole through on-going skills investment are significant.

 

 

productivity

 

Key Facts

  • The UK is growing high skilled people 7x’s faster than high skilled jobs
  • 3/5s of businesses provide their staff with training, meaning that over half the workforce is being upskilled
  • The cost of employee disengagement to the UK economy is £60 billion in lost productivity
  • A one percentage point increase in productivity or employment generates an additional GDP of £10 billion each year

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